Update of $550 Billion Run on Banks

Atlas Shrugs ^ | 2/11/09 | Pamela Gellar

[FromLori]

Late Last night when I originally posted this story it did not include the following...

[FromLori]

More to think about. Somebody took a lot of money out of the banks. A lot.

So where did it go? Who to? And who got it? When? And where?

Somebody knows. Those transactions have been investigated, and somebody knows. But they ain't talking, are they?

John Jay posits - there has to be a reason why: --this hasn't been heretofore revealed --why those who received the deposits haven't been identified --why there is no explanation for their motives, and --why this has just now been revealed.

The motive part is very interesting, isn't it? Now, a person does no wrong, in and of itself, by taking his money from his accounts, perfectly legal, and absolutely unpreventable by any means other than the government shutting down or closing the market, as it did, to prevent/stop the run.

A run is a banker's term of art, and it is like a herd stampede, or panic, or a psychosis of a lot of people.

They say 4 or 5 trillion dollars could have been emptied out of the bank by the end of that business day. Presumably, it could not have gone all to one entity, else that entity just could have gone back when the markets opened, and continued to withdraw funds. So, if it were designed as action to induce a panic, it had to have been done in a way that the new would spread quickly, go "viral" as it were, to others holding funds or control over funds in similar banking institutions/markets. So, the transaction had to be public, or at least traceable, because they had to be noticeable, and they had to instill a panic so that the run would continue, and people would be noticing what was happening and would move to preserve and protect what money they could access.

So, it wasn't silent.

It wasn't stealth.

Just the opposite. It had to be noticed, to work, to induce the panic in the number of people required to induce the panic.

So, the people who do such things, who monitor who and where the orders come from, and who keep track of whose accounts the money is taken from, have to have been able to figure that out, and who was responsible.

Yet, they do not tell us.

Why?

They should be able to.

There is one more context. People where really abuzz trying to stop this latest round of Obama legislation, and considerable heat was being brought to bear on this.

Obama & his minions choose this C-span broadcast/interview, complete with screaming put-upon lady, so that Rep. Kanjorsky (Democrat, Pennsylvania) can tell us all just how close we came to financial panic and collapse, no doubt to stir us to support for Obama.

Can there be any other reason for it. Seems to me, you'd kinda want to keep a lid on it,just like everybody did.

Now, the other question that comes to my mind, is just when the Republicans went into the tank on the republic election. It is too bad we don't have the collective memory to remember just when McCain officially threw in the towel, and whether it had any connection to this. He most assuredly would have known. Palin most assuredly would not have, in all likelihood.

The Wall Street boys knew.

The regulators, the Federal Reserve knew, and nary a boo, peep or squeak out of any of 'em, until now.

A Congress that can keep a secret? Pretty unheard of in this day and age. but, up til now .... .

So, why bust the news now?

And while I do not pretend to be on the inside of any of these nefarious machinations - it can't help but raise a red that the US treasury department, one week after nationalizing the banks, is giving seminars in Islamic finance and George Soros is buying our assets from the FDIC.

And WTF did Chuck Schumer know and when did he know it?

Look Who's Buying IndyMac Larry Johnson, American Thinker

The FDIC has just announced that a consortium of private equity and hedge fund firms would be buying IndyMac. IndyMac was an independent "bridge bank" spun off of Countrywide Mortgage in the late 90s. IndyMac acted as a "bridge bank" to Fannie Mae and Freddie Mac.

New York Democrat Charles Shumer precipitated the fall of IndyMac in May of 2008 by releasing "inside" information that the mortgage company was in dire financial straits. This disclosure created the initial "bank run" that is credited by many economists as the initial trigger that prompted the current mortgage crisis. The FDIC took over the operations of IndyMac in late summer of 2008.

So much for history. George Soros is in on the deal to buy IndyMac from the FDIC. Soros has a long history of making loads of money by first creating a financial crisis and then stepping in to grab up the bargains. Perhaps the most famous example of this tactic is "Black Wednesday," when Soros nearly sunk the entire economy of Great Britain through currency speculation.

George Soros has helped bankroll the campaigns of the Democrats in Congress who created this mess. Now, it appears, he is cashing in on his investment. UPDATE: see Drudge headline: European Banks Sitting on 24 Trillion Toxic Assets

FROM MY OWN RESEARCH...

Ok I have been doing a little research and I posted some other articles one was The Chance for a New World Order I found in the Herald Tribune written by Henry Kissinger so I started looking at connections between Kissinger and Soros and oh man what I found! Not only those two but connections to Clinton, etc. check these out what do you think?

URL Source: http://www.iht.com/articles/2009/01/12/opinion/edkissinger.php

http://www.questionsquestions.net/docs04/engdahl-soros.html

http://www.aim.org/aim-column/the-big-money-behind-geithner/

http://theendrun.wordpress.com/2009/01/27/clinton-quigley-and-the-new-world-order/

19 posted on Wednesday, February 11, 2009 1:30:13 AM by FromLori (FromLori) [ Post Reply | Private Reply | To 2 | View Replies | Report Abuse]

[an amused spectator]

I looked at a calendar today, and saw that this happened at 11am on a MONDAY.

There were some meetings going on over the weekend about the presidential election, I'll wager...

[sodpoodle]

A terrorist cyber attack could not have produced more chaos than this diabolical bank run.

Soros is a domestic terrorist!!!!!

[pennyfarmer]

Terrific read. Thanks for the post.

[jonrick46]

Who need to demand the name(s) of those who did the bank run. Where do we start?

[FarRightFanatic]

Wasn’t that the weekend Hillary and Hussein had their non-secret meeting at Feinstein’s house?

[bray]

Sounds like this was a Soros October Surprise that spun out of control. Hang them all.

Pray for America

[FarRightFanatic]

Sorry, my bad. I should have googled before I posted. That meeting took place in the beginning of June.

[A Navy Vet]

ping

[an amused spectator]

June 5, 2008, to be exact.

[XenaLee]

Somebody should put a hit out on Soros. Or maybe several hits. Hell, the mafia probably should, considering all the cash they’ve lost and are losing due to the melting down of the economy. I’m betting there isn’t much betting going on in their casinos these days.

[sodpoodle]

****Wasn’t that the weekend Hillary and Hussein had their non-secret meeting at Feinstein’s house?***

No, I think it was the week they turned on that Black Hole machine. September 10th, 2008

http://www.news.com.au/heraldsun/story/0,21985,24323807-663,00.html

Opponents fear the $A9.3 billion machine, which will generate temperatures of more than a trillion degrees centigrade, could create a black hole that could swallow the planet. ( OR SUCK MONEY OUT OF US BANKS)!!!!

[BossLady]

The dumping scheme reminds me of the Nathan Rothschild coup during the battle of Waterloo! He dumped huge amounts of consuls of the market....everyone thought he knew that Wellington had lost so they started dumping.....then when they reached almost no value at all he sent his minions to buy! When official news reached the general public that Wellington had won....Rothschild basically controlled the British economy.

Shortly, thereafter, when the French economy started tanking and the French refused to take loans from the Rothschilds.....they bought French bonds from their competitor through agents.....then...started selling all of the bonds causing panic and devaluation. Of course, the French King then begged the Rothschilds to buy the bonds....and then, they controlled France as well.

They have been involved in worldwide money dealings throughout the last 250 or so years....

[D-fendr]

I don’t see this article at the link.

[slowhandluke]

RIGHT BEFORE THE ELECTION OF PRESIDENT HUSSEIN: "A $550 Billion Electronic Run on the Banks" is the PermaLink to this article.

The first note in the Pam Gellers article points to the Capitalism Gone Wild blog entry: Electronic Run On Banks - $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawls - US Economy Would Have Collapsed

[slowhandluke]

Ok, 550B goes out of the banks. Fractional reserve banking being what it is, that means 5.5TRILLION or so goes missing from the larger money supply. And it will take some time to unwind the 5.5T of loans that now have no reserves.

So, the Feds pony up 2 to 3 or even 5T of fresh cash. What happens when the unwinding is done, and the rewinding begins, and the M1 money supply is up 3X? How quickly can the Fed or Treasury reclaim that 5T? Or can they?

I think Peter Schiff is correct in that we still have a lot of trouble coming with the dollar.

[Hemingway's Ghost]

Bump.

[FromLori]

Please everyone read these other stories...

Ok I have been doing a little research and I posted some other articles one was The Chance for a New World Order I found in the Herald Tribune written by Henry Kissinger so I started looking at connections between Kissinger and Soros and oh man what I found! Not only those two but connections to Clinton, etc. check these out what do you think?

URL Source: http://www.iht.com/articles/2009/01/12/opinion/edkissinger.php

http://www.questionsquestions.net/docs04/engdahl-soros.html

http://www.aim.org/aim-column/the-big-money-behind-geithner/

http://theendrun.wordpress.com/2009/01/27/clinton-quigley-and-the-new-world-order/

19 posted on Wednesday, February 11, 2009 1:30:13 AM by FromLori (FromLori)
[ Post Reply | Private Reply | To 2 | View Replies | Report Abuse]

[Spirochete]

It sounds like the engineered collpase from Tom Clancy's Debt of Honor.

[FromLori]

I wonder if this is all prosecutable?? It was no slip of the tongue believe me when horrible henry kissinger said...

“”Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful! This is especially true if they were told there was an outside threat from beyond whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will pledge with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government.”
- Henry Kissinger in an address to the Bilderberger meeting at Evian, France, May 21, 1992.

(in an address to the Bilderberger organization meeting at Evian, France, on May 21, 1991. As transcribed from a tape recording made by one of the Swiss delegates. )”
KCCat Henry Kissinger quotes (American Political scientist. b.

http://thinkexist.com/quotation/today-americans-would-be-outraged-if-u-n-troops/347294.html

Ok I have been doing a little research and I posted some other articles one was The Chance for a New World Order I found in the Herald Tribune written by Henry Kissinger so I started looking at connections between Kissinger and Soros and oh man what I found! Not only those two but connections to Clinton, etc. check these out what do you think?

URL Source: http://www.iht.com/articles/2009/01/12/opinion/edkissinger.php

http://www.questionsquestions.net/docs04/engdahl-soros.html

http://www.aim.org/aim-column/the-big-money-behind-geithner/

http://theendrun.wordpress.com/2009/01/27/clinton-quigley-and-the-new-world-order/

19 posted on Wednesday, February 11, 2009 1:30:13 AM by FromLori (FromLori)
[ Post Reply | Private Reply | To 2 | View Replies | Report Abuse]