Who Attacked Our Economy? Why Does No One Care?

Townhall ^ | February 12, 2009 | Diana West

[rightwingintelligentsia]

I want you to read something. It's a snatch of transcript from a Jan. 27 C-SPAN interview with Rep. Paul Kanjorski, D-Pa., that has received zero coverage in what we think of as the mainstream media.

To set the C-SPAN scene, Kanjorski is harkening back to the middle of last September, when, as it happens, John McCain was enjoying his brief lead in the presidential polls and the economy as we knew it was imploding. Here's what Kanjorski said:

"I was there when the Secretary (of the Treasury Hank Paulson) and the Chairman of the Federal Reserve (Ben Bernanke) came those days and talked to members of Congress about what was going on. It was about Sept. 15. Here's the facts, we don't even talk about these things.

"On Thursday at about 11 o'clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of $550 billion, as being drawn out in the matter of an hour or two.

[ClearCase_guy]

Over the years, vast sums of money have been transferred to:

Russia
China
The Middle East
The UN (IMF, World Bank, etc.)

Any or all of these nice folks would be in a position to use money as a weapon against the US. And somebody like George Soros would be happy to help out and coordinate the effort.

[originalbuckeye]

bump

[SERKIT]

Rule 1: Follow the money.

[decimon]

"If they had not done that, their estimation was that by 2 o'clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States...

$5.5 trillion would have been withdrawn from U.S. money markets? That seems an impossible figure. How much, I would ask, was in the system?

[milford421]

George Soros.

When is anyone going to get investigate this?

[dirtboy]

I’m still not seeing this as a coordinated attack. It seems like an old-fashioned bank run, but this time an electronic run on money market accounts when one broke the buck.

[Doogle]

let's see, an enormous amount of money is suddenly pulled from the market. So much so, they halt transactions, scares the **** out of all concerned.
...the election is 6 weeks away, the economy as weak as it was,....is now under assault, and the MSM doesn't take notice or report on it.
Election happens, Bambi's playing God, America's future is in the hands of a radical socialist.....and we still don't know who was responsible for this massive run?
The MSM does not want to know who was behind it? Remains silent even now? No investigations? No claims of cover ups?
Odd eh?

[Global2010]

9/11/2008 CATASTROPHIC FINANCIAL TERRORIST ATTACK CAUSED ECONOMIC MELTDOWN
Address:http://www.freerepublic.com/focus/f-bloggers/2184661/posts

[truthandlife]

I still remember how cool Obama was when he went to the White House with McCain. He went and worked out and just looked like, “I know exactly what is going. You guys are idiots.”

The fix was in and if you could get a hold of Obama’s BlackBerry you could probably find a lot of incriminating stuff on this one.

[marbren]

Did Sec Paulson, Bernake and President Bush save the economy?

[unixfox]

It doesn't take a genuis to figure out who did this.

Look to the Middle East and China.

They would love to see our economy completely collapse. They would own us.

[GregoryFul]

Cold war plot by Russia, dramatized in “The Company”, attributed 87 crash to $62 billion sudden withdrawal by baddies.

[econjack]

I’m not sure I buy the boogie man theory behind this post. True, a huge group of scared investors bailed out of the market in September, but I find it hard to prove that this was caused by some foreign gov’t. If there was some single gov’t behind it, there would be an audit trail as wide as the Yangtze River pointing to the guilty party. No...I think it was us being panicked into a selling frenzy that was self-perpetuating. There’s a LOT of low-hanging fruit right now with solid companies paying huge dividends (e.g., USB, PFE, EXM, etc.) You watch...the timid stay huddled in the dark while those with the stones start picking the fruit...same old risk-reward and having the guts to act on it.

[Just mythoughts]

I’m still not seeing this as a coordinated attack. It seems like an old-fashioned bank run, but this time an electronic run on money market accounts when one broke the buck.

Until we are told who was making 'an old-fashioned bank run,' we won't see the coordination. First was Shummer orchestrating a bank run, then this. What happened next is demonstrative of coordination.

[diefree]

I read about this the other day -

http://www.riehlworldview.com/carnivorous_conservative/2009/02/collapse.html#comments

[UCFRoadWarrior]

I bet it was Islamic terrorism....they have so much access to money from all the oil the US has bought.

And if “I was a terrorist”...who would I want for US president?

Obama or McCain?

Obama...of course

I dont think Soros was involved in this one. He had been funding McCain’s Reform Institute for years....so he was set whoever won the election

It would have to be someone who had a little more to fear with a McCain victory

[indcons]

Maybe. More importantly, the trio engineered a corrupt and morally bankrupt socialist bailout of the Wall St. fat cats who created the overleveraging and the toxic financial instruments in the first place.

[unkus]

>George Soros.

>>When is anyone going to get investigate this?<<

No one on this earth will investigate.

But come Judgement Day..........

How can these people sleep at night?

Have they no souls?

[Lets Be Frank]

My guess is George Soros. Let’s round him up and waterboard him to get him to confess it all.