Rob Kirby of Financial Sense discusses his conversation with Catherine about the demise of Bear Stearns and related events.
The Next Shoe to Drop
By Rob Kirby – Financial Sense WrapUp (19 May 2008)
“In the wake of the recent unprecedented and highly questionable demise of Bear Stearns, I had the opportunity to speak with Catherine Austin Fitts regarding some of the fuzzier elements surrounding Bear’s demise.
Issues discussed included claims by options expert, John Olagues, outlining how massive buying of ‘puts’ and shorting stock led to the demise of Bear Stearns in an article titled, Bear Stearns Buy-Out… 100% Fraud:
This article is about how Bear Stearns stock was artificially collapsed so that illegal insider traders would make billions and J.P. Morgan would be paid $55 billion of US tax payer money to shore up themselves and buy Bear Stearns at bankruptcy prices.”
View Catherine’s previous blog post: Bear Stearns Buy-Out.
