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"A $550 BILLION ELECTRONIC RUN ON THE BANKS" (This Economic Meltdown Was Engineered, Folks!]
AtlasShrugs ^

Posted on 02/11/2009 10:55:18 AM PST by TruthHound

click here to read article


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To: TruthHound


41 posted on 02/11/2009 11:15:32 AM PST by XR7
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To: TruthHound
Glenn Beck was also talking about the same thing this morning. He also has the video.

The end of our economic and political system as we know it sounds like it was engineered by someone. Gee, who could that be?

42 posted on 02/11/2009 11:15:44 AM PST by smokingfrog (Is it just my imagination, or is the water in this pot getting a little too hot?)
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To: TribalPrincess2U

FYI … from September 27th —

• Weekly Standard ^
Kristol: A Genuine and Immediate Crisis I’ve received phone calls in the last hour from two economists I respect, one of them Larry Lindsey, the other in a position where he’d prefer not to be named. Both have government experience, neither is alarmist by nature, and they say this: The huge European bank Fortis is apparently about to fail. The ripple effect on the American banking system could be disastrous, with bank runs, liquidity crises, and stock sell offs possible Monday. Wachovia may well fail next week. As Larry put it, this really will be 1933 soon if we don’t...


43 posted on 02/11/2009 11:16:52 AM PST by greynolds
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To: Danae

Oh dear, this article came out 10 later...
http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html


44 posted on 02/11/2009 11:18:04 AM PST by orlop9
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To: greynolds
People with bank deposits in excess of the FDIC insurance levels became concerned their deposits were at risk and began moving money out of banks.

All at the same time, on the same day?

45 posted on 02/11/2009 11:18:20 AM PST by IYAS9YAS (Obama - what you get when you mix Affirmative Action with the Peter Principle.)
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To: geologist

In Christ alone.

Jesus Christ is the answer.


46 posted on 02/11/2009 11:20:36 AM PST by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
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To: Virginia Ridgerunner
So, if the Bush Administration knew immediately that this was an engineered, all-out assault on the U.S. economic system, why then did they not say so at the time?

Perhaps they didn't want to panic the public and the markets. I really don't know, I'm just guessing.
47 posted on 02/11/2009 11:20:58 AM PST by Ticonderoga34 (A Community Organizer is the 21st century version of a Ward Heeler.)
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To: TruthHound
Electronic Run On Banks - $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawals - US Economy Would Have Collapsed Capitalism Gone Wild hat tip Cathy

Where's the investigations by the Democrats? How come nobody is being brought up on charges?

48 posted on 02/11/2009 11:21:59 AM PST by DouglasKC
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To: TruthHound

George Soros needs to be dealt with like the rich subversives were dealt with in the Tom Clancy thriller “Sum of All Fears”. The KGB and CIA prevented these clowns from tinkering in world affairs permanently.


49 posted on 02/11/2009 11:22:25 AM PST by DarthVader (Liberal Democrats are the party of EVIL whose time of judgment has come.)
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To: rintense

Before the $ crisis and during the campaign, O made a comment when talking about how McCain was running his campaign. I think it was with respect to the ads McCain was running against him. IIRC, he was kinda mad and indignant and basically said : “He doesn’t know who he is dealing with.” It was kind of a threat and it struck me as really odd and it made me laugh at the time - Yeah Right. In retrospect, I think he was referring to this coming crisis. I think O was in the loop on this.


50 posted on 02/11/2009 11:23:09 AM PST by kneedragger111
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To: orlop9

I know, that article was the basis of a LOT of research I have done and HOURS listening to CSPAN videos, God bless cspan, but OMG ... its painful to watch that much of it. Simpson is 100% correct. He is not off a single iota on a single issue in that entire essay. I know, I double checked the whole damn thing.


51 posted on 02/11/2009 11:24:11 AM PST by Danae (Amerikan Unity My Ass)
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To: TruthHound
We've been suspecting this in the jennyjenny household since September. So it wouldn't surprise me in the least. It IS what he does, after all.
52 posted on 02/11/2009 11:24:25 AM PST by jennyjenny
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To: IndianPrincessOK

ping


53 posted on 02/11/2009 11:24:54 AM PST by sarasota
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To: TruthHound

The weekend prior to 9/11, it was reported in the European press that “something” was going to happen to the US economy, that would take 15 years to recover....sure wish I had saved the article/report....


54 posted on 02/11/2009 11:25:26 AM PST by thinking
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To: TruthHound

We’ve been destroyed by traitors in the Congress, Senate, useful idiots in the media, working in concert with major Enemies of America, capitalism and freedom. But now that they control EVERYTHING we’ll never learn more than this, and it will NEVER be broadcasted on any major news media.


55 posted on 02/11/2009 11:25:27 AM PST by Dogbert41
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To: Virginia Ridgerunner

Because it probably wasn’t.......

McCain just had spoken before this, so likely the run was legit by multiple accounts.

No doubt Soros played a part, but he wasn’t it all.


56 posted on 02/11/2009 11:25:49 AM PST by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: IYAS9YAS
The Congressman does not indicate whether the activity represented net withdraws or total activity. I suspect this was simply total activity as businesses and indidviduals moved money arounnd to different banks and different accounts. Over that weekend I sent to following note to my CFO -- "Although we will move excess funds on Monday morning to (at least temporarily), the following may be of interest as well. http://money.cnn.com/2008/09/26/news/companies/wachovia.ap/index.htm "
57 posted on 02/11/2009 11:26:43 AM PST by greynolds
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To: TruthHound
Sorry for saying this so many times but this was the October surprise the RATS promised us. Been saying this since November 2008 when it finally came together for me. Only thing that made sense. Rush spelled it out on Monday and Tuesday. He is 100% right. We have been had by the Communists of America (formally RATS).
58 posted on 02/11/2009 11:27:30 AM PST by Logical me (Oh, well!!!)
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To: sarasota

Ardie and I ALWAYS thought this was planned out for Bush to look bad and Republicans and to help Obama get in....and it worked. Unbelievable that this is JUST now coming out, but where’s the outrage???

You know Syl....I said this once, and I will say it again...remember O.J. Simpson.....karma will make them “pay..”


59 posted on 02/11/2009 11:28:32 AM PST by IndianPrincessOK (Well.......we're still here! I survived, you survived. Is this a dream or a nightmare?)
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To: DouglasKC

Because the Democrats are RESPONSIBLE for it. ITs Democrats that have been shaping the laws that FORCED banks to write bad loans, the very same loans that started Defaulting in Gianormous numbers when Oil prices spiked.

You can trace it back to 1977 and the CRA, and then to 1992 with the reform Act, that set the numbers of loans banks had to write. ACORN hired lawyers to enforce the laws, including one named Barak Obama.

Democrats CREATED this, built upon Low, Very Low and Middle income Borrowers, and then they just THREW THEM ALL TO THE WOLVES! Way to go Dem’s! Way to stab your supporters in the back and KEEP THEM POOR! Brilliant!

(I am so PISSED OFF AT ALL OF THIS)


60 posted on 02/11/2009 11:29:05 AM PST by Danae (Amerikan Unity My Ass)
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