WASHINGTON (FMLiveWire) - President George Bush is now bombing the real terrorists of the world: the Wall Street crooks in New York City!
"Yes, the real terrorists are the fraudulent rating agencies like Moodys and Standard and Poor's," said Bush. "Those crooks gave wonky credit ratings to Collateralized Debt Obligations and other securitized debt which has defrauded the world and destroyed the credibility of US finances, our bonds and even the US dollar!"
Bush asked the American people to support him in this drastic action against the real terrorists.
Moody's has been demanding that the US government "reform" Social Security and Medicare in order for the USA to keep its triple A credit rating.
"Credit raters like Moody's and S&P run a protection racket," added Bush. "But Goldman Sachs and Merrill Lynch, Bank of America and Morgan Stanley and the bond credit insurers are also in it up to their necks. So bombs away!"
The world's credit system has been undermined by financial scams such as CDOs which are bundles of debt instruments ranging from junk bonds to subprime mortgages. Moody's and the other rating agencies played a key role in putting the CDOs together in the first place.
Now the Wall Street terrorists in lower Manhattan want to get their mitts on the huge pools of money held in Social Security trust funds.
Wall Street has also created the highly leveraged derivatives which are now a worthless pile of crap with liabilities of over $500 trillion dollars.
"And Alan Greenspan will be bombed too since he pushed the fraudulent idea of securitization years ago," exclaimed Bush as he pushed the button.
--Copyright Felix Minderbinder Live Wire