9/11/2008 CATASTROPHIC FINANCIAL TERRORIST ATTACK CAUSED ECONOMIC MELTDOWN

Atlas Shrugs ^ | 2/12/09 | Pamela Gellar

[philman_36]

You might want to look at the trailer yourself.
This...The meltdown in the money markets occurred on the morning of Sept. 18, 2008 at around 11:00 A.M. EST.
...is misinformation. Reply 100 has a link to the trailer which says...
On Sept. 16, 2008, all around the world money stopped.
Which is actually not what happened. Money moved, and it moved fast, out of the US market!

[philman_36]

Inside the Meltdown

[Obamageddon]

The Money Market Meltdown of 550 billion dollars in withdrawal orders occurred September 18, 2008 between 11 A.M. and 2 P.M. when the Fed stopped Money Market redemptions after an injection of 108 billion failed to halt the slide.

Those are the facts behind Kajorski's CSPAN revelations.

[Ditter]

bump

[philman_36]

Whatever. There’s enough evidence out to show what happened and when it happened.

[philman_36]

The Money Market Meltdown of 550 billion dollars in withdrawal orders occurred September 18, 2008 between 11 A.M. and 2 P.M. when the Fed stopped Money Market redemptions after an injection of 108 billion failed to halt the slide.

Here are some more "facts" that you'll deny...
Washington Moves To Shore Up Money Market Funds Friday, September 19, 2008
The U.S. government acted Friday morning to prevent a broad collapse in the money market industry as the $3.5-trillion sector saw hundreds of billions of dollars head for the exits.

Snip...The problems at Putnam threatened to spread across the industry, with nearly $90 billion of net investor cash pulled out Wednesday -- the largest single-day drop in history, according to iMoneyNet -- and Thursday saw net outflows of $56 billion.

Everybody, except you, seems to think the meltdown happened before the Fed took action. The Fed reacted to the meltdown, which had already happened and would have continued.
ALMOST ARMAGEDDON

What's that? MON-WED: $144.5B pulled from money market accounts (MMAs)

The injection of capital into the market was followed up by calls from Treasury Secretary Hank Paulson to major money market players like Bank of New York Mellon and State Street in Boston informing them that federal money was in the market and they should tell their clients the Feds would be back with a plan to stem the constriction in the credit market.
Paulson knew the $105 billion injection was not a real solution. A broader, more radical answer was needed.
Hours after Paulson made his round of calls to calm the industry, word leaked out that an added $1 trillion bailout of banks was being readied. Investors cheered. At about 3 p.m., news of the plans was filtering up and down Wall Street, fueling a 700-point advance in the Dow Jones industrial average through 4 p.m. Friday.

[philman_36]

All right, I've watched "Inside the Meltdown" and the show is now over. Show me where you're right and I'm wrong.
I'll eat crow if I'm wrong, but you need definitive proof, not just your saying so. Links and/or video start/stop points need to be provided. I'm not just "taking your word for it".
You say...I'm not easily brow beaten.
(Note that in that very reply you gave a link to the very same article that I did, obviously without the graphic, in reply 106.)

Come on out and prove me wrong with specifics so you can bask in the glory of having me eat crow!
Show me where...The meltdown in the money markets occurred on the morning of Sept. 18, 2008 at around 11:00 A.M. EST....when EVERYTHING, including the video you touted as showing that the meltdown happened as you say it did, says that you're full of BS and the meltdown happened in the previous three days of Sept. 15-17.

[Obamageddon]

No one needs to eat any crow. I applaud your diligence in pursuing this story. My only dog in this fight was to prove that this wasn't some type of 911 economic repeat.

There are good reasons why this information is VERY difficult to find. Markets are fragile beasts, easily stampeded at the sight of shadows or the sound of footsteps. Confidence is everything. This event showed a soft underbelly.

I can't write up the events any better than this.

Beyond that, I'm not interested in digging this corpse up any further. Even though I am prepared to do so, I really have no interest in returning to a primitive economy.

[savedbygrace]

WHO talked Bush into his disastrous Sept reactions to AIG’s troubles?

My guess would be Paulson & Bernanke.

[philman_36]

My only dog in this fight was to prove that this wasn't some type of 911 economic repeat.
And I conceded that it wasn't early on. Yet your tenacity in repeatedly repeating the same wrong information shows that you had more than one dog in the fight. Otherwise you would've admitted your mistake and moved on. For some reason you HAD to be right, even when you weren't. I found that most curious.

There are good reasons why this information is VERY difficult to find.
That's a flat out lie. This information was EASILY found! If it were not for having to evacuate for Ike I probably would have been all over this stuff way back then, but I had a few more pressing things on my mind back then.
You, it seems, found this information easily too. In fact, you linked to the very story in reply #46 that started this whole thing. Here they are tooting their own horn
DEFUSING A $5.5T RUN ON THE BANKS
The Post hit the nail right on the head when it reported exclusively last September that the US narrowly averted a crash of the financial markets, it was recently revealed.
IMO Kanjorski used that article as cliff notes because nobody else used figures anywhere near the $500 billion that The Post did. Hell, even the image they used shows that they exaggerated.

Beyond that, I'm not interested in digging this corpse up any further.
So that's your way of saying you're wrong? What a tool you are!

[Obamageddon]

September 18. 2008 was the date of the near meltdown in the Money Market.

Remember - September 18. 2008

[Obamageddon]

"What a tool you are"

Yes I am.

I have pointed out that, instead of the melt down occurring on 9/11, it occurred on 9/18 - exactly 7 years and 7 days after the towers fell. 9/11 - 7/7 even you should be able to make that connection.

You're all upset because you can't find out who placed these withdrawal orders. Were you as upset when you couldn't find out who held the puts on American and United Airlines for the September 2001 contracts?

Keep digging. You might find something someday.

[philman_36]

I have pointed out that...it occurred on 9/18...
And I've pointed out that it did NOT occur on 9/18. THAT is where we're at right now.

...instead of the melt down occurring on 9/11...
I agreed with you that it didn't happen on 9/11 after I got to looking into it.
I, however, unlike you, was able to admit my mistake and move on. You still want to push the same erroneous 9/18 date despite a mountain of evidence that proves you're as wrong as can be. THAT is where we're at right now.

You're all upset because you can't find out who placed these withdrawal orders.
Please, don't try to be a mind reader for a living as you'll starve. I could care less about who placed those withdrawal orders. I was looking because I, and you as well, were asked to do so.

Were you as upset when you couldn't find out who held the puts on American and United Airlines for the September 2001 contracts?
No, because I never looked. Nor did I care about that either.

Keep digging. You might find something someday.
You're not a mind reader and you can't tell a joke. You're just as poor in spirit as you are in humor.

[Obamageddon]

Keep digging

Money Market Meltdown Sep 18 08 07:52 GMT |
Wakeup Call: Money Market Meltdown

[philman_36]

Keep digging
ONE link? That's all you've got to support your claim...even after you've made numerous links before on this thread yourself that contradict your 9-18 claim?
And all because of the title...You're hilarious! No, you're a joke!

[Obamageddon]

Keep digging

Even Wikipedia knows about Sept. 18, 2008

[DainBramage]

PMUB (dyslexic)

[Sequoyah101]

Noted for reference.

[Sequoyah101]

Bookmark but I expect FREP files to be mysteriously erased any day.

[philman_36]

Bookmark but I expect FREP files to be mysteriously erased any day.
What do you mean by FREP? Free Republic?
And if so, why do you expect them to be erased any day? (any day meaning sometime soon)