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Top Clinton Aides Blew a Chance to Avert the Financial Crisis
Business Week / Bloomberg | May 1, 2014 | By Peter Coy and Silla Brush

Posted on 05/02/2014 6:47:48 AM PDT by Oldeconomybuyer


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: clinton; cra; subprime

1 posted on 05/02/2014 6:47:48 AM PDT by Oldeconomybuyer
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To: All


2 posted on 05/02/2014 6:48:18 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

Clinton... blew “heh, heh” (visualize beavis and butthead)

3 posted on 05/02/2014 6:49:20 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Oldeconomybuyer
October Surprise to THROW Election2008, driven by Paulson/Geithner/Dodd/Obama and the so-willing MSM.

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
"On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve
noticed a tremendous draw down of money market accounts in the USA
to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically. The treasury tried to help with $150 Billion.
But could not stem the tide. It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon.
Within 3 hours. $5.5 Trillion would have been withdrawled
and collapsed and within 24 hours the world economy."

FLASHBACK: from 9/15/08:

“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.”

How did Obama know THEN
that we would experience the ‘most serious financial crisis since the Great Depression’
when those who did not plan the takeover would not know for three more months?

4 posted on 05/02/2014 7:03:54 AM PDT by Diogenesis
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Kick This 'Thon Into Gear!

Click The Pic To Donate


5 posted on 05/02/2014 7:08:01 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Oldeconomybuyer
Flashback to Congressional hearings ... IN 2004! ...

This is when Barney "Dancing Queen" Frank and his VERY ignorant Congressional minions (Maxine and Artur) really BLEW [pun intended] the chance to avert the Financial Crisis.

6 posted on 05/02/2014 7:22:59 AM PDT by Servant of the Cross (the Truth will set you free)
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To: Diogenesis

“How did Obama know THEN”

Better yet, how did the terrorist know?

Remember the terrorist attack that was planned for NYC subways Obama finally stopped in, IIRC, August 2009?

The Brits had warned Obama about the attack months before but he didn’t stop it until months later.

Preparations for that attack on NYC’s subways began in November 2006 and would have been an attack against the economy, just like the 1st WTC bombing and the 9/11 attacks were attacks against the economy and both were preceded by recessions.

Three times now.

When does it stop being “just a coincidence”?

7 posted on 05/02/2014 7:33:33 AM PDT by IMR 4350
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To: Vaquero

Good to know I’m not alone here :-)

8 posted on 05/02/2014 7:33:47 AM PDT by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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