Sadly most of the public was buying that “hook, line, and sinker”!
The public swallowed the official excuse hook, line, and sinker.
after reading the speech, I think it is actually a confession from an insider within the ponzi scheme.
According to Professor Stark, “the whole system is based on pure fiction , groping since 2008 to avoid a second Lehman , which if it happens , the system will not survive .”