Michel Zimmer, a friend of mine, brought another financial crisis of the past to my attention, The South Sea Bubble of 1720. As I did my research anger swept through my brain. Could our Financial Crisis have been a reenactment of the South Seas Bubble of 1720 that almost brought the English Empire to its knees? Could this all have been as a result of our political leaders turning a blind eye because they were involved in this whole mess from the beginning? Could there be high ranking officials in our government who had a personal interest is seeing the Sub-Prime Mortgage leveraging expand to the levels that it reached?
You read what I read on Wickipedia and let me know what you think.
Click on the headline and it will take you to Wikipedia or paste this address in your brouser. http://en.wikipedia.org/wiki/South_Sea_Bubble
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