Posted on 02/13/2009 5:45:51 AM PST by rightwingintelligentsia
Except there is an itty-bitty problem - there was a legitimate triggering mechanism. You have to apply Occam's razor here - an electronic panicked bank run in response to bad news is the simplest explanation. And you also have to demonstrate how a few individuals could control $500 billion in money market funds to be able to coordinate such a conspiracy.
Why is bad news the simplest explanation? How come only a 'few' got the bad news? And who had control over $500 billion in the money markets that could draw out in the matter of an hour or two? Why was this 'draw out' NOT covered 24/7 by the business networks? Until we are told who did the drawing out we are left only to speculate as to motive or lack there of. Occam's razor was deliberately dulled by some who deliberately caused the economic melt down. Remember lord McCain had already announced to the world he did NOT know economics in a primary debate.
I will not for one minute believe that whomever caused the triggering mechanism is an unknown. And that WHO if it were 'republican' rich fat cats would have been disclosed by the powers of money that be plastered all over the cable news 24/7 for Bama,Inc. p>
Lord McCain, after he voted for the 'bailout' took to his campaign trail the promise he would name names, so it is NOT like it is unknown WHO did this. But lord McCain has yet to fulfill that promise of naming names, and seems like nobody else in government or what is left of the 'free' economic institutions are anywhere near ready to out WHO cause this perfect storm by causing an economic collapse heard around this globe.
Ask Chucky Schumer and IndyMac. Bad news is the main cause of bank runs. When the buck was broken, folks suddenly realized their money was not FDIC insured. Providing a government guarantee to money markets ended the run.
How come only a 'few' got the bad news?
How do you know it was just a few? $500 billion represents a lot of money market accounts.
Let us watch and see who (or what) reaps a significant benefit from this manipulation (other than BO, of course, because it worked handily in his favor there is no doubt) and then we might have a decent chance of correctly identifying who (or what)was responsible. Otherwise I would have to assume that this was another case of players in our economic system acting like lemmings, which is known to occur with some regularity.
The more important thing is finding out why we were vulnerable and repairing that, getting stronger. This “stimulus” package, short term is NOT helping that. But, maybe we can use it like chemotherapy.
The long-term negatives from it will hit liberals harder. We, the sane cells of the body politic, just have to survive, and when things aren’t so toxic we will thrive.
OR.....a few days BEFORE
YES, Chucky Schumer did fire the first shot, and he has the perfect government protection for no liability for causing economic disaster. I until shown otherwise believe he is the first in line conspirator of a well planned economic perfect storm to unsuspecting investors for a liberal October surprise. They pulled it off and today Friday the 13th is their perfect witching hour.
We won't know if the $500 billion represents many handlers or a dozen handlers, foreign or otherwise, until somebody starts naming names.
Unless you want to turn blue, don't hold your breathe. Signs clearly point to dims and nobama being accomplices in this. Why would they want to expose themselves or their buddies.
If and when we get control back from these crooks, maybe.... MAYBE, our Conservative leaders won't be so damn compassionate and will be ready to kick some butt.
Sorry, but I just ain't buying into this when all the factors for a 'normal' bank run were in place. I guess now that the GOP is out of power, we're back in the market for conspiracy theories like we were during the Clinton years.
This is too big a news item to stay hidden. It should not be hard for a reporter to find out who started this bank run. Who made the first big withdrawals? It was certainly very convenient for Obama and the Democrats. We need to ask, “What did OBAMA know and when did he know it?”
“When is anyone going to get investigate this?”
Most people seem to not want to know the answer.
Same as with the birth cert issue- most people just dont seem to care.
Right the liberals, who required banks to hand out loans to people that could never repay the loans was not a conspiracy. The sudden exploding cost of a barrel of oil, when the liberals protected US oil exploration sites, like their own personal idols, did not conspire along with perfectly time speculators, every time Aram-a-jab, Putin, and Diablo Chavez farted. Oh no, no conspiracy in equalizing the US economy with every other third world .ell hole.. oh no, no conspiracy... Just the planets accidentally aligning themselves with the dark side of the moon.
Right before this happened in Septembner, McCain had his post-convention bump in the polls. After this event, Obama pulled ahead and McCain never caught up.
Every now and then you get perfect alignments of political, corporate, personal and economic stupidity resulting from years of bad policies from all sides. The last year has been one of those.
The run was on AIG and he was looking for a way to save them and his personal fortune.
What was that statement the you not find their ass with both hands if it was dark. LOL
You may be correct, but until an investigation is done, people will believe it was all planned. Public confidence drives the market and if they don’t know for sure, they will make up their own minds.
I'm am sorry but this did not just happen by accident. Carter started this requirement of banks being required to lend to people who could never repay loans. The Clintons who ( http://archives.cnn.com/2002/ALLPOLITICS/08/09/column.novak/ ) strengthened Carter's policy and themselves governed with the stated public policy of equalize all nations.
Maddie Albright made it her number one policy to set in motion.
Look who the ultra 'rich' support in monetary donations election in election out. All the while the liberals in elected office spew hate speech to corporate America, and the 'fat liberal pigs' are always coming out against 'tax relief'.
I sure wish I had saved Hillary's screech speech to her Connecticut investor class, when she warned them that Bush = a Hoover economy. I knew when she gave that speech it was a warning to her protected class as to what was in the works. Toooo bad for Hillary though she could not take advantage, because her negatives would prevent her from winning any national election. Now old Ted Kennedy and his gang pull the proverbial rug from under her and puffed up the perfect image to use as fresh face to seduce a nation. Hillary's screech was 2003 or 2004 when the Vietnam hero JFKerry was accusing President Bush of having the power to control 'oil' prices to win an election.
Ping
Who said it was by accident? Bad policy often has ulterior motives. However, bad policies all around led to the financial mess and an environment that could induce money market account holders to engage in a massive bank run upon receipt of bad news. Recall that the run abated when the accounts were guaranteed. Another aspect of that story is the policy had to be modified to only apply to existing accounts, because the ABA called them up right after the policy of guarnteeing money market accounts because they believed it would in turn trigger a run from banks to money market accounts. Typical government action - doesn't anticipate the ripple effects.
But no grand conspiracy is needed to explain this. It is all well within the realm of human nature and history.
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