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Shocker: Electronic Money Market Run Nearly Destroyed US Economy
RushLimbaugh.com ^ | February 10th | Rush

Posted on 02/11/2009 3:03:27 AM PST by Halfmanhalfamazing

click here to read article


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To: palmer

Yeah, I agree...it would have been far better for the feds to rescue Lehman rather than ever enacting TARP.


101 posted on 02/11/2009 7:13:12 AM PST by nyconse
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To: Halfmanhalfamazing

Read Later


102 posted on 02/11/2009 7:24:44 AM PST by TalBlack
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To: JACKRUSSELL

Soros is the most evil, heartless, destructive man in the world. I would think he is the Anti-Christ, except the Anti-Christ is supposed to be attractive and Soros is mega-ugly. The money he has made destroying other countries’ currencies is funding communist propaganda in the media, entertainment, and groups like MoveOn.org. His tentacles reach everywhere. I also believe he is the one pulling O’s strings. O couldn’t even handle the intro remarks at his press conference yesterday without his teleprompter! O can’t think for himself; he’s just an empty suit. O is Not Ready For Primetime and someone has to do his thinking for him. I believe it is Soros. Soros has said publicly that he wants to destroy this country and his organizations are doing a good job of it right now.


103 posted on 02/11/2009 7:31:32 AM PST by nanetteclaret (Blessed Martyrs of Compiegne, Pray for Us!)
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To: Halfmanhalfamazing
This was written a couple days after the meltdown. NY Post writes about the dramatic money market drawdown. The money markets are what spurred Paulson to act; many didn't understand why he moved so fast. This article explains it.

http://www.nypost.com/seven/09212008/business/almost_armageddon_130110.htm

104 posted on 02/11/2009 7:39:43 AM PST by what's up
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To: Halfmanhalfamazing
I am convinced -- and there's one more sound bite to go here -- I am convinced that this is what they took to the White House and said to President Bush

Rush is exactly right.

105 posted on 02/11/2009 7:41:33 AM PST by what's up
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To: bert

This is an interesting thread. More to come I’m sure...


106 posted on 02/11/2009 9:12:44 AM PST by DoughtyOne (Bipartisainship is now about a 3 to 532 vote on Capital Hill.)
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To: nyconse
,,,,,it’s pretty clear what happened....

The $500 Billion run on money markets occurred within 1 hour. The time frame was 11:30 AM to 12:30 PM, on Thursday, September 18, 2008. When it became clear that an injection of $120 billion could not halt the hemorrhage, trading was suspended and the damage was irreparably done.

Your economically sophisticated and logical reasoning is quite sound. However, the event has many illogical, but equally sophisticated aspects that are inexplicable at the moment, including the precise timing and the identities of the prime movers in the event. So, it is not yet "pretty clear what happened," except if you are speaking of a damage report.

However, given George Soros's long and criminal history of currency manipulations conducted against governments other than our own, certainly an investigator would be amply justified in making him "a person of interest" in the case. Were I George Soros, I would be extremely grateful that those who investigate him will probably be Americans, not French, Indonesian, or especially the Russians.

..... No matter what, it would have happened eventually....

A reasonable assumption on your part, but an assumption none the less. It is an equally reasonable assumption that a coordinated blow was delivered against the financial system of our country on 9/18/08.

107 posted on 02/11/2009 10:28:11 AM PST by Kenny Bunk (Ayers for SCOTUS. It's a done deal.)
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To: Kenny Bunk

We can investigate, but I don’t think Soros orchestrated this for political gain. For days, from about September 11th on, the street was waiting for the announcement of a bailout for Lehman...it didn’t come. When Lehman fell, the ripple effects began. I see panic on the part of investors and some manipulation by Buffet and others to try to calm the waters, it just didn’t work.


108 posted on 02/11/2009 10:44:16 AM PST by nyconse
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To: Halfmanhalfamazing; All

http://www.youtube.com/watch?v=iQ-IPb8AOZE&feature=related


109 posted on 02/11/2009 10:51:00 AM PST by djf
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To: nyconse
I We can investigate, ....... II I don’t think Soros orchestrated .......III this for political gain.

(I) OK

(II & III) I sense your mind is somewhat open, why not wait and see what happens in I?

Of course, in American law, Soros' sins in foreign jurisdictions remain off limits, except as a subliminal reminder those deeds of which this former concentration camp kapo is capable.

Objection: Sustained: Strike that. The jury is to disregard KB's prejudicial remarks.

110 posted on 02/11/2009 12:09:52 PM PST by Kenny Bunk (Ayers for SCOTUS. It's a done deal.)
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To: Jim Robinson

As a follow-through I believe this is an ideal issue for Republicans and Kanjorski and other Democrats who can be communicated with to be asked about.

If the mailers and callers who communicated about the pork issue were to request as a highest priority of an inquiry into this incident it would be difficult for many to oppose such an inquiry, which would have two aspects:

1) Were any existing laws violated, and

2) What can be done to make sure it can never happen again?


111 posted on 02/11/2009 12:38:09 PM PST by AmericanVictory
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To: nyconse

“Same thing”

Nah.


112 posted on 02/11/2009 1:17:54 PM PST by ripley
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To: Kenny Bunk

bookmark


113 posted on 02/11/2009 10:24:47 PM PST by southland ( 1 John 4:4 , Zec 12:9, PS 121)
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To: Halfmanhalfamazing

bookmark


114 posted on 02/11/2009 10:25:56 PM PST by southland ( 1 John 4:4 , Zec 12:9, PS 121)
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To: Halfmanhalfamazing

bookmark


115 posted on 02/11/2009 10:26:00 PM PST by southland ( 1 John 4:4 , Zec 12:9, PS 121)
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To: All

Ping


116 posted on 02/11/2009 10:26:03 PM PST by stockpixx
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To: Arrowhead1952; Fiddlstix; PhilDragoo; Liz; onyx; potlatch; devolve; MEG33; Grampa Dave; Lady Jag; ..

Yep!

Ping-worthy, imho !!

Ping! Ping! Ping!


117 posted on 02/12/2009 6:32:04 AM PST by MeekOneGOP (Obama, WHO is Bill Ayers and WHY are you still friends with him? Please RSVP asap!)
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To: Halfmanhalfamazing
So, you know, I have been suspicious of all this that happened last fall. It just seemed too perfectly timed.

Timed for the election?

Timed for the election?

If this is true - if President Bush was played for a fool - and the economy was taken to the brink of disaster for political gain - heads will roll.

Where's the FBI? Pull the FBI off Madoff and on to the real financial crime of the century.

118 posted on 02/12/2009 6:43:53 AM PST by GOPJ (What's caused 19 deaths, makes travel difficult, and won't melt til April? Global Warming.FR:Dentist)
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To: MeekOneGOP

Thanks for the ping!


119 posted on 02/12/2009 6:54:05 AM PST by Alamo-Girl
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To: arthurus
I would have to agree with you on the Soros connection.

My gut tells me there are a number of political, wealthy leaders around the world that want to bring the USA to it's knees.

IMHO, Soros won this election to an empty suit that Will follow his directions. Soros got everything he wanted.

A liberal, black/white American with a domineering wife who will follow directions as instructed.

One more tin hat theory..Soros and Pelosi are using O as their puppet.

JMHO

120 posted on 02/12/2009 7:20:02 AM PST by not2worry (WHAT GOES AROUND COMES AROUND)
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