According to the study, the recession may have been caused by

Quote:

“financial subversion carried out by unknown parties, such as terrorists or hostile nations … covertly using vulnerabilities in the U.S. financial system.”

According to the new report, the attack has three stages, two of which may have already been implemented:

The first phase was a speculative run-up in oil prices that generated as much as $2 trillion of excess wealth for oil-producing nations, filling the coffers ofSovereign Wealth Funds, especially those that follow Shariah Compliant Finance.

The second phase appears to have begun in 2008 with a series of bear raids targeting U.S. financial services firms that appeared to be systemically significant [such as Bear Stearns and Lehman Brothers]. This created a system-wide crisis, caused the collapse of the credit markets, and nearly collapsed the global financial system.

The risk of a Phase Three has quickly emerged, suggesting a potential direct economic attack on the U.S. Treasury and U.S. dollar. Such an event has already been discussed by finance ministers in major emerging market nations such as China and Russia as well as Iran and the Arab states. A focused effort to collapse the dollar by dumping Treasury bonds has grave implications including the possibility of a downgrading of U.S. debt forcing rapidly rising interest rates and a collapse of the American economy. In short, a bear raid against the U.S. financial system remains possible and may even be likely. [Emphasis added]

http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/?page=1
http://www.nolanchart.com/article8406.html
http://www.theblaze.com/stories/pentagon-study-08-financial-crisis-may-have-been-the-work-of-finanical-terrorists/

Im calling bullshit. This sounds like some conspiracy theory someone made up to shift the blame of this massive fuck up.

no

I don't see why it's unreasonable to say financial terrorism doesn't exist. We DO have enemies and rivals.

>“financial subversion carried out by unknown parties, such as terrorists or hostile nations … covertly using vulnerabilities in the U.S. financial system.”

Anyway, 'may have been caused by' =! 'caused by'.

It's hard to rule out the possibility, but not much evidence has been brought forth that would allow us to draw this conclusion.

Here's the report... you can analyize the evidence if you like.
http://www.scribd.com/doc/49755779/Economic-Warfare-Risks-and-Responses-by-Kevin-D-Freeman

Theres way more effective methods of terrorism.
And Im still maintaining that this is utter blame-shifting bullshit. Wherever the blame lies 0_0`

Financial terrorism would have been arguably far more chaotic. If your plan is to create a wasteland, then set off a nuclear weapon. But if you implement economic annihilation, there would a humongous uptick in crime, like looting and theft, wages could not be paid, because the government would have no money! It wouldn't even exist. There would be no military. Countries like Iran and Syria and North Korea could have a field day. The United States could never possibly recover from financial annihilation. A nuclear attack would be devastating, but it's not impossible to recover from.

Just picture America after financial collapse. It'd be ruled by biker gangs and warlords. The country would fragment into hundreds of smaller groups.