In addition, John Reed continued with Mr. Moyers: If Glass-Steagall had remained on the books, "… much of the disaster of 2008 would have ocurred independently … (italics supplied)." Mr. Reed reiterated: "We would have hit the iceberg anyway … (italics supplied).
Hence, because Sandy Weill merged Travelers [Investment bank] with
Citi [Commercial bank] when Glass-Steagall was in place;
and because John Reed said that he began to sell mortgage-backed securities
at that time, John Reed was saying that the financial industry
was going to crash under those circumstances.
, because John Reed and Sandy Weill and John Reed are members of the financial industry, John Reed, Sandy Weill, and the financial industry are saying that Glass-Steagall or not, the financial industry would have crashed.
that he began sale of mortgage-backed securities before Glass-Steagall's demise;
and because sale of securities was done through investment bank;
and because that union of Travelers [Investment bank] with
Citi [Commercial bank] before the death of Glass-Steagall
fitted the formula b2 [Investment bank] +
a2 [Commercial bank] = c2 [financial crash 1929],
in 1998, before Glass-Steagall was rescinded - 1999 -
Sandy Weill and the financial industry knew that the merger of Travelers
[Investment bank] and Citi [Commercial bank] would cause a financial crash as 1929.
On the other hand, because John Reed merged Citi [Commercial bank] with Travelers [Investment bank] before Glass-Steagall's repeal;
and because John Reed said that he began sale of mortgage-backed securities before Glass-Steagall's demise;
and because sale of securities was done through investment bank;
and because that union of Citi [Commercial bank] with Travelers
[Investment bank]
fitted the formula a2 [Commercial bank] + b2 [Investment bank] = c2 [financial crash 1929],
since 1933 at Glass-Steagall's creation, there were members of the financial industry who were aware of the use of Pythagoras theorem embedded in Glass-Steagall. Hence, John Reed's certainty of a financial crash.
Glass-Steagall did not prohibit a commercial bank from selling an investment product because of the formula a2 + b2 = b2 + a2, which represented Commercial bank + Investment bank = Investment bank + Commercial bank. Therefore, John Reed, Sandy Weill, and the financial industry understood that they would have won cases brought againt them for violating Glass-Steagall. Thus John Reed's admission to Mr. Moyers that John Reed began to sell mortgage-backed securities before the death of Glass-Steagall.
Also, it demonstrated that John Reed, Sandy Weill, and the financial knew that Glass-Steagall was a hoax.
Consequently, because President Franklin D. Roosevelt directed the financial reforms that included Glass-Steagall, he conned the American people.
John Reed stated that "We…" would have had a financial crash if Glass-Steagall were present. Consequently, because the financial industry caused the financial crash, John Reed charged the financial industry with knowing that with Glass-Steagall, a financial crash was going to take place.
However, John Reed told Bill Moyers that removal of Glass-Steagall caused " … proliferation … " of mortgage-backed securities. Therefore, because mortgage-backed securities were sold to investors in America and throughout the world, Glass-Steagall was debunked to give confidence to consumers to purchase mortgage-backed securities.
John Reed (Jew) made known that in America, there was " … consensus … " amongst members of Congress, politicians, media, and the financial industry to throw out Glass-Steagall. Therefore, John Reed (Jew), Sandy Weill (Jew), members of Congress, politicians, media, and the financial industry teamed up to fool worldwide investors.
And because the American government and international governments bailed out the financial industry because of investors' acquisition of mortgage-backed securities, Glass-Steagall was eliminated in order to gain more money in bailouts from the American and international governments.
Therefore, the financial industry made money on the front end by selling mortgage-backed securities to investors, and on the back end, the financial industry received money from international governments in addition to $23 trillion in cash and credit from the American government.
Consequently, John Reed (Jew), Sandy Weill (Jew), and the financial industry tricked the world.
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