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POPSJust Walk Away... It is impossible to know for sure how many of the people who are now walking away from their homes could have gone on paying their mortgages. But Professor Nouriel Roubini of New York University, one of the first economists to warn of the dangers of the American house price boom, believes the number of people positively choosing to walk away is growing rapidly. "This is becoming a tsunami of voluntary defaults," Professor Roubini says. "The losses for the financial system from people walking away could be of the order of one trillion dollars when the entire capital of the US banking system is only $1.3 trillion. "You could have most of the US banking system wiped out, so this is a total disaster."
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POPS"Put a Kibosh to this Insane Plan" Ominously, these “ideas” hark back to Operation Northwoods, the JSC plan to stage a false flag terror event — or a number of events — designed to provide a pretext to invade Cuba and take out Fidel Castro. Such “ideas” included “friendly Cubans” attacking the U.S. base at Guantanamo, shooting down a drone disguised as a chartered civil airliner and blaming it on Cuba, inciting riots and staging terror attacks in Miami, and other terrorist acts. Fortunately, then Secretary of Defense, Robert McNamara, put a kibosh to this insane plan. More recently, in January, 2003, in the lead-up to the Iraq invasion George Bush and Tony Blair discussed painting planes in United Nations colors “in order to provoke an attack which could then be used to justify material breach” and thus set in motion an invasion, according to Philippe Sands, a leading British human rights lawyer.
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