Good point.
Cheers!
Posted on 02/09/2009 10:54:52 PM PST by TigerLikesRooster
Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a "tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars."
According to Kanjorski, this electronic transfer occured over the period of an hour or two.
(Excerpt) Read more at liveleak.com ...
I think that that withdrawal and the gas prices at the time were somehow connected to outside or inside influences to sway the election to the dems.
Good point.
Cheers!
2. Rep. Kanjorski got the date wrong. Sept. 15th was a Monday. Maybe he meant the 15th, or maybe he meant the 18th. We need a better resolving lens than Kanjorski's statement.
3. Of course, this happened while most people here in Houston were blacked out by the hurricane of Sept. 12/13th (Fri. night overnight), and while newspapers were available (the generally pitiful libtarded Houston Chronicle), Internet and cable biz news weren't, until about Sept. 27th-29th for most Houstonians ..... Just in time to see the market go over the waterfall. (Perhaps the events are related? Word "got out" and a rush to cash ensued?)
4. Minyanville also describes the peculiar This Week appearances of Sec'y. Paulson (who had a visible tic) and Rep. Boehner and others, who were singularly uncommunicative but indicated that something had happened or had nearly happened, ominously refusing to say what, even when prodded by George Stephanopoulos. A straightforward explanation would have been less alarming, one imagines (imagines -- since TV wasn't available here).
For possible interest.
How do we get to $5.5 trillion? Do the arithmetic. If withdrawals had continued at the same rate for three more hours, they'd have added up to maybe $2 trillion.
Again, better statement of problem needed.
Sound as bad as Friday October 13, 1307.
On second thought that treatment may be in store for us.
you have me here - this is succinct and true and should be shouted from rooftops
Now, that’s the normal state of affairs. It has been that way since the founding of our nation.
the founders were not a$$es this current crop is....they created a stable government thats lasted 240 yrs....
Surprise. Surprise. Election2008 was stolen in so many ways.
This has the xtink of George Soros all over it.
Ooops. Make that “stink”, not xtink (typing too early this am).
well, I went back and looked at a headline or two from 9/15/08 - found this - Obama had an immediate comment:
“U.S. President George W. Bush said Monday he is confident that the markets are resilient and can deal with the latest financial blows. “We are working to reduce disruptions and minimize the impact these financial market developments on the broader economy.” ...
U.S. Democratic presidential candidate Barack Obama said eight years of Bush “brought us the most serious financial crisis since the Great Depression.”
His Republican rival said John McCain said he was happy the federal government decided not to use taxpayer dollars to bail out Lehman Brothers.”
http://edition.cnn.com/2008/BUSINESS/09/15/lehman.merrill.stocks.turmoil/index.html
now the question begs, how would Obama know, at that point, on that same day, that we would experience the ‘most serious financial crisis since the Great Depression’?????? when we wouldn’t actually know that for another month or three????
They had planned it to scare folks into changing leadership. I believe Bambi is no more than a puppet who is given a script each day. The whole crisis was just too convenient. I will always wonder why Hillary was not privvy to it. Remember old Michelle said “That no one would keep Bambi from becoming Pres.” She was letting the cat out of the bag at that point. The Obama folks have been behind the scene planning the takeover for a long time.
Give that man a cigar! The fix was in. This whole bubble of over investment in over valaluation has created a giant gas bag based on nothing! It and the valued amount are worthless! This is the funniest thing I have ever seen in my whole life.
The capital, the productivity, the potential worth - none of it was ever there to begin with. Talk about leverage, the people that started this crap started to beleive their own hype and rode the gas bag to the dizzying height it attained; and the were suprised as the whole ball of gas delated.
No perspective, no idea base economic value. Dreams, piled on hope, piled on greed - that’s all that was ever there. Now they can live with the nightmare they have created.
If they think that that they will use the taxpayer to bail them out this time they’ve got another thing coming. It ain’t gonna happen. There is no way that politicians and oligarchs are going to send the American taypaying public to the desert of an economic gulag for fifteen to twenty years to save their asses.
In less than two years the American public (and the rest of the worlds citizens) who are being set up for the robbery on a grand scale will awaken. When they do; the culprits will bail out like rats leaving a sinking ship. There will be hell to pay and lives lost before this is over.
The whole thing was planned and orchestrated for a leftist takeover of America. They should all be hung for treason. We should “revisit” the methods our forefathers used to deal with traitors.
How do we get to $5.5 trillion? Do the arithmetic. If withdrawals had continued at the same rate for three more hours, they'd have added up to maybe $2 trillion.
1+1=2,2+2=4,4+4=8.......Call it the cascade effect, you know like what happens to your computer when you accidentally stumble upon a site that tries to open an infinite number of windows on your computer. Had they not disconnected from the system it could have happened.
So you’re positing a geometric, or maybe no, an exponential rate of increase in withdrawals.
Possibly, Us average schmoes will never know how such an attack was created or executed, but I for one am willing to take anyone brave enough to talk about it at their words at least.
The war on the United States during this election was on many fronts
Unfortunately, I agree with you.
Spot on. Dummy and political hack Stephanopoulos (sic?) is considered a serious journalist.
Insightful and it is in keeping with my thinking on the matter. Our leaders panicked first. A whispering/mumbling campaign of fear got out of hand, maybe?
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