Posted on 02/13/2009 5:45:51 AM PST by rightwingintelligentsia
Recall there was a lot of shorting of bank shares about that time that was helping drive down share prices. I think that is what Bush was talking about.
I did not call it a 'grand' conspiracy, although it may well turn out to be just that. Given the players involved they have just presented as legislation one of the grandest conspiracies in all of recorded history, called a stimulus package. I think you and I have different understanding of what 'conspiracy' means.
I think Friday the 13th given how the date is viewed by some in superstitious circles is the ultimate date for this 'grandest' of all conspiracies to become law.
Heck, I heard about it around that time, that there was a major run on money market funds. I don't what she is trying to claim here - it is certainly not backed by my own personal experience. Heck, NPR had good coverage of the ripple effect of the government's decision to guarantee money market funds - it almost triggered a run on banks.
This is pretty irresponsible rumor mongering, the way it is written. There was no effort to cover this up.
But in this case, there is a logic explanation for the money market run. I'm just not buying it. The article itself is flawed - it claims the run basically was not reported, but I recall hearing a lot about it at the time.
What do you think?
There was talk at the time about the possibility of terrorists using our financial systems against us. The incentives that caused the housing bubble were all of our own making - but what about the big drawdown in September?
Our guys in a flurry of "groupthink" pulled out at the same time, but what started the mess? Was it totally one financial house going under?
Maybe they were able to override the Government CIP Firewall device.
Agreed.
While I don’t expect the Dems or Obama to expose themselves, I am more than ticked off about the behavior from Reps.
“Most people seem to not want to know the answer.
Same as with the birth cert issue- most people just dont seem to care.”
Agreed. The American public has been desensitized to important issues over the years. Looks like it has completely taken root....that is for approx. 62 million of em.
This really needs Zero’s mug on the bill....
As I stated in another thread
http://seekingalpha.com/article/120220-kanjorski-and-the-money-market-funds-the-facts
Not certain what to believe at this point...
..broke the buck....and the convienient change in the UpTick banking rule in 2007......made it very easy for a hedge fund to bear raid Lehmans....
U.S. law introduced to reinstate uptick rule | Deals | Regulatory ...The uptick rule, which only allowed short sales when the last sale price was higher than the previous price, ... Soros warns against ‘bad bank’ option - WSJ ...
in.reuters.com/article/governmentFilingsNews/idINN0930669620090109 - 52k - Cached - Similar pages
ie....drive the MM index under 1.00 for even an hour....and then computer selling takes over......flood gates opened
Rush wont touch the B.Cert issue....
but he hit on this theory again this morning.....at least the 3rd time...
The “punish the guilty” show trials followed by the “elevate the victims”,then “decorate the political enablers” and “make an even more attrocious policy blunder” process is going to be very damaged by attitudes such as yours.
So far, all we have been able to do is the last two.
We are never going to get to the “bayonet the wounded” stage if you keep this up.
I can be annoying that way ... sorry.
The irony is, the BC issue has more credibility than this one, IMO (although I don’t think anything is going to come of the BC issue - the government ignores just about every other part of the Constitution, why would the section about the president having to be a natural-born citizen be any different?)
ROFLOL!
Soros.
bump
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