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The Fed may have triggered the '08 crash by accident
The Hill ^ | 09/15/18 | DOUG CARR

Posted on 09/15/2018 7:36:39 AM PDT by yesthatjallen

click here to read article


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To: yesthatjallen

GW was dumber than we were being told. Worst vote of my lifetime. Oh that’s right, he was Ivy league. Must have been Poison Ivy League.


81 posted on 09/15/2018 9:53:05 AM PDT by cp124 (FUGOPe)
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To: DJ MacWoW; Darksheare; oblomov

I don’t know if it’s accurate to say Kanjorski disappeared...He was in Congress until 2011.

From a YouTube search, it appears he did many videos on the crisis over a period of time.

However, this may be the only video where he says:

“Someone” left us in middle of ocean w/o a lifeboat.

Seems there are many video links to this...but he may have only said it once.

https://www.youtube.com/watch?time_continue=1&v=ODBPlD0FXOU

Given what is happening with Google,YouTube, Facebook,etc. I would highly recommend making a personal copy of videos lie this to anyone who is interested!

Same goes for this interesting article (thanks for posting, DJ MacWoW) ...Print it off and save it. Deep State waters run deep...

https://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/


82 posted on 09/15/2018 9:54:45 AM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: Diana in Wisconsin

Exactly, totally coordinated. Bush either did was he was told to do or he overreacted. It was a perfect storm to usher in Obama.


83 posted on 09/15/2018 9:57:22 AM PDT by punknpuss
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To: Freedom56v2; Darksheare; oblomov

I’ll clarify what I meant about Kanjoski. I meant that he became silent. The videos that I’ve seen were cuts of the same interview. FReepers talked at the time that Kanjorski fell silent. We surmised that he was told to hush.


84 posted on 09/15/2018 9:59:04 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: TomGuy

Consider the mysterious sell-off in the equity markets on February 27, 2007.

This was the entry point on the short side for some well-informed market participants.

The next warning was major quant funds blowing up in September-October 2007. Historic relationships between markets started to break down then.

S&P 500 topped out on October 31, 2007.


85 posted on 09/15/2018 10:00:46 AM PDT by oblomov
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To: eCSMaster

I feel the same way. But if we don’t have an “incident” right before the 2018 election, then I may have to reconsider.


86 posted on 09/15/2018 10:05:49 AM PDT by beef
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To: Mouton
Wait till the school debt crisis hits. At least with real estate there was a building left to sell.

I think you grossly underestimate the value of degrees in wymyn's studies, or Hungarian lesbian art history......

87 posted on 09/15/2018 10:06:06 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy saints surrounded.)
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To: yesthatjallen

Interesting that Bernanke, whose doctoral work was on the 1929 crash and the failure of the Fed to keep enough money in the system, may have ended up doing the same thing.

If you haven’t seen “The Big Short” or “Margin Call,” these are two phenomenal movies that really get to the heart of this, with only minor SJW preaching.


88 posted on 09/15/2018 10:11:41 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: Robert A Cook PE

True, but the housing market was ridiculously overextended. Energy prices may have tipped it, but it was the mortgage lending that was the biggest problem.


89 posted on 09/15/2018 10:12:36 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: oblomov
Btw, in the video, at about 1:47, Kanjorski says that Sec Paulson said, "Let's buyout the subprime mortgages" Why? For what purpose? Isn't THAT what started the mess?

Rep. Paul Kanjorski: America's economy was attacked 'by somebody' on September 11, 2008

90 posted on 09/15/2018 10:13:22 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: yesthatjallen

Or the Fed did it deliberately, and the result was Obama.

Anybody who had advance notice would have made HUGE amounts of money from the crash and subsequent recovery.


91 posted on 09/15/2018 10:17:59 AM PDT by PapaBear3625 ("It rubs the rainbow on it's skin or it gets the diversity again!")
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To: TruthWillWin

From at least the 1980’s, everyone looked the other way while mortgage brokers, appraisers, and real estate agents made sure the numbers came in correctly. At the same time, vices such as bankruptcy were destigmatized. The libs like to blame “predatory lending”. Well IMHO there was a lot of predatory borrowing going on as well.


92 posted on 09/15/2018 10:18:59 AM PDT by beef
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To: aquila48

Hey, slow your roll a bit on the anti-humanities rant please.

I majored in Creative Writing, have both a BA and an MFA and I did just fine with my degrees. Not everyone can be a tech drone.

I made good money as a technical writer for the Harvard Smithsonian Center for Astrophysics, and then at various investment houses in Boston writing corporate and investor communications material.

I’ve also been paid to write in-house training manuals, production materials, etc. I now teach at a high school here in Florida: I’m certified to teach English 6-12, as well as math 6-12.

It’s not the degree sometimes, but the person holding it. In fact, most of my classmates went on to get very lucrative jobs. We have a skill that is marketable. We essentially have a turbo-charged English degree (at no extra cost.)
Hubby’s a lit major and he’d done JUST fine in software marketing.

I think the real problem is that the students being churned out these days are brain-dead drones. My classmates and I (class of ‘90) have all done extremely well in our fields because we were trained to think logically, not dwell in our “fweewings” and be fast on our feet. Conversely, I have a friend who graduated with a sensible computer science degree from MIT who then crashed and burned and is now an environmental and political activist (while wifey earns the bread because she was an affirmative action hire for Lucent Technologies.) Go figure. Respectfully.


93 posted on 09/15/2018 10:31:59 AM PDT by Mermaid Girl
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To: DJ MacWoW

You are correct from what I saw (have not studied him in depth), glancing at the titles of his YouTubes, he was a loyal Democrat supporting all Obama initiatives and stopped talking about economic terrorism with that video.

Again, recommend anyone interested should make copies of “special” videos as I believe this one will be scrubbed if there ever is another economic attack...


94 posted on 09/15/2018 10:33:03 AM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: DJ MacWoW

Bttt!


95 posted on 09/15/2018 10:43:43 AM PDT by Pagey (8 years of MISERY, Thanks to Valerie Jarrett. Wretched human.)
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To: chris37
There was nothing accidental about it.

I agree with you on that!

96 posted on 09/15/2018 10:52:03 AM PDT by painter ( Isaiah: �Woe to those who call evil good and good evil,")
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To: Freedom56v2

I have the longer video saved. :-)


97 posted on 09/15/2018 10:56:13 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Darksheare
It started when someone withdrew billions from the money market in the space of two hours.

It was a half of a Trillion dollars!

98 posted on 09/15/2018 10:58:29 AM PDT by painter ( Isaiah: �Woe to those who call evil good and good evil,")
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To: DJ MacWoW

Me too :)

What video saving software do you use?

I have the feeling I will be doing a lot more saving going forward...


99 posted on 09/15/2018 11:08:45 AM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: Freedom56v2

My daughter saved it with Firefox download helper add on.


100 posted on 09/15/2018 11:10:46 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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