Posted on 08/08/2011 1:30:28 PM PDT by Nachum
The tremendous 7% crash in stock market prices over the last five trading days serves as over-whelming evidence that the President of the United States or someone in his inner circle leaked “material non-public information” to Wall Street traders that the AAA credit rating of the United States of America would be downgraded.. Leaking of such information is criminal activity for both the trader who profits and the leaker. Depending on the level of the leak in his Administration; the President may be forced to resign of face severe sanctions.
(Excerpt) Read more at biggovernment.com ...
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>>President may be forced to resign of face severe sanctions.
Over insider trading??? LOL. He wouldn’t resign if he got caught feeding children into a wood chipper, and the media would defend him for it, and the Left would claim that the Tea Party had been doing the same for years.
the President may be forced to resign.
Looks like someone just made a Billion dollars by shorting the u.s. dollar. From an article posted earlier:
OK, here's my guess, in the form of a riddle: Who's the most incompetent Treasury Secretary of all time, and a tax cheat to boot?
Why, you got it right! It's lil Timmy Geithner!
Moodys has been talking about for 2 months in clear language that the US needed to get its deficit spending and borrowing more in line with reality.
We passed the biggest increase to the debt limit and someone thinks the reaction was a big secret?
Surely 0bama will launch an investigation!
So now we all have 5-10% less in investments value to try to pass on to our kids who will never be able to save a dime. Now it is getting much more PERSONAL.
“Reuters News Service reported from a source familiar with the talks on Friday: “Obama was briefed earlier in the day regarding S&P’s intentions, but discussions only took place with Treasury officials and did not include the White House.”
I guess now we´ll find out how worthless the SEC really is.
So now we all have 5-10% less in investments value to try to pass on to our kids who will never be able to save a dime. Now it is getting much more PERSONAL.
If only we had listened and just gave Obama MORE of our money to spend. How dare the Tea Party look out for us little people against a mental giant such as Obama? (Sarc./ as if anyone would take that seriously...well maybe the Democratic Underground would have, but no one here!)
Wasn’t the possibility of a downgrade widely known?
wow!
if true, impeach.
They leaked it last Thursday after they knew they couldn’t convince S&P to change their mind - that explains the sudden 512 point drop in the DOW last Thursday for no real big reason, that was the Insider Sell Off
As if the last decade of non-prosecution of inside traders hasn't been enough. Maybe, just maybe, if the dumb/corrupt bastards at the SEC had prosecuted a bunch of people regarding the 2000 Tech Wreck then much of the last 5 years worth of insider dealing wouldn't have occurred.
Yes, but; Soros reportedly dumped most of his gold last week. Why dump it unless a better deal is a sure thing?
Insiders are always getting tipped on these kinds of decisions. But you can bet there is no direct link to Obama. There are certain things that are understood in the Washington-Wall Street game, without having to be stated. Obama is smart enough not to leave his fingerprints on any of this, but you can be sure that some underling passed info on to a select few in the Demo-rat family.
Wait a minute: I’m no insider, in fact I’m not even a very good investor, and I new the downgrade was coming the minute the ridiculous debt deal was struck.
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