To: Obamageddon; philman_36; patton; neverdem
Keep looking - BOTH of you ... 8<)
The people who did this - and I, personally, don't accept the “mindless stampede” theory of markets “simply following the economy” in this case - did not act in one day, nor did they need to try to make anything special about any particular Sept 11 anniversary.
Like Soros’ manipulation of the British and East Asian markets (for profit in that case - not power/political policy/socialism/abortion/anti-Christainity/anti-democracy/etc as in this case), there are lots of good motives and opportunities for the circumstantial evidence to stand up.
Look for motive.
Method.
Opportunity.
57 posted on
02/13/2009 2:22:55 AM PST by
Robert A Cook PE
(I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
To: Robert A. Cook, PE
Still looking...
Shareholders in The Reserve Primary Fund Have Filed A Class Action LawsuitsThe complaint further alleges that by Friday, September 12, 2008, Lehmans financial situation had become desperate; yet defendants continued to hold the debt obligations. Then on September 15, 2008, when Lehman Brothers Holdings filed for bankruptcy, defendants were still holding onto $785 million of its debt obligations, which were now worthless and furthermore by the afternoon of September 16, defendants had allowed about a dozen institutional investors to withdraw a total of over $40 billion from the fund, at the net asset value price of $1.00 per share, so the lawsuit.Reserve Fund Accused of Securities Fraud in Giant Money Market Fund
According to Ameriprise's complaint, agents of Reserve Fund secretly warned select major institutional investors that the fund was at risk of "breaking the buck", or dropping below $1 per share. Ameriprise argues that prior to the notification, the fund contained $64 billion in assets, which dropped virtually overnight to $23 billion, purportedly due to redemptions by institutional investors who were tipped to the problem. By alerting the institutional investors prior to public disclosure, the institutional investors were able to avoid losses, leaving retail brokers and their customers -- who were in the dark -- holding the bag.
Institutional investors, eh?
63 posted on
02/13/2009 3:20:59 AM PST by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: Robert A. Cook, PE
More money to account for...
Putnam Liquidates $12 billion Prime Money Market FundThe Board of Trustees of the Putnam Funds, one of the nations oldest and largest management firms, has suddenly voted to close a $12.3 billion prime money market fund, effective as of 5:00 p.m. on September 17, 08, and distribute all cash to investors.
66 posted on
02/13/2009 3:33:06 AM PST by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: Robert A. Cook, PE
Rather off the beaten path, but...
Market Crash Forecast Suggests New 9/11A mystery trader risks losing around $1 billion dollars after placing 245,000 put options on the Dow Jones Eurostoxx 50 index, leading many analysts to speculate that a stock market crash preceded by a new 9/11 style catastrophe could take place within the next month.
The anonymous trader only stands to make money if the market crashes by a third to a half before September 21st, which is when the put options expire. A put option is a financial contract between two parties, the buyer and the writer (seller) of the option, in which the buyer stands to benefit only if the price of the asset falls.
69 posted on
02/13/2009 4:02:40 AM PST by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: Robert A. Cook, PE
Look for motive.To keep from losing their shirt.
Reserve Primarys loss was triggered on September 16 when it was forced to value $785m worth of Lehman Brothers debt securities at zero in the wake of the investment bank filing for bankruptcy protection.Method.
Advance warning from Reserve Primary Fund.
Then on September 15, 2008, when Lehman Brothers Holdings filed for bankruptcy, defendants were still holding onto $785 million of its debt obligations, which were now worthless and furthermore by the afternoon of September 16, defendants had allowed about a dozen institutional investors to withdraw a total of over $40 billion from the fund, at the net asset value price of $1.00 per share, so the lawsuit.
Opportunity.
Same as above.
83 posted on
02/14/2009 2:36:44 PM PST by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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