BofA, Merrill Lynch, JP Morgan, Goldman Sachs and John Key or how Every Time a Banker Opens his Mouth he’s Lying

Why do we allow a bunch of thieves to destroy our country?

Aotearoa: A Wider Perspective

According to John Key the “products” now destroying the global economy were developed after he left the banking world. That doesn’t sit well with me because like most things John Key says when he opens his mouth it’s a lie and here is why:

Even if you accept that according to most financial pundits Blythe Masters of JP Morgan Chase was the inventor of the Collateral Default Swap or CDS now generally seen as the financial instrument causing the collapse of the entire global economy these instruments of Mass destruction were developed in 1993, well before John Key left the banking world. In fact a Nobel price winning economist called predicted in 1993 that these CDS’s would one day collapse the entire financial system.

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