Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Obamageddon
I'm not easily brow beaten
Why do you assume I was trying to brow beat you? The information I had at hand at that point indicated it was the Thursday prior to Sept. 15, which was Sept. 11.
That and the Official Notice of the program from Treasury is proof positive of the date of the meltdown, September 18, 2008.
I'm still finding stuff out myself and you're not right on the date either. According to the article I just found and posted above from Bloomberg.com it started on the 16th, not the 18th.
49 posted on 02/13/2009 1:55:34 AM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
[ Post Reply | Private Reply | To 46 | View Replies ]


To: philman_36
The date of the events that Congressman Kanjorski is referring to in his CSPAN interview is September 18, 2008. That is the day of the actual meltdown. That is the morning that 550 billion in Money Market Fund withdrawals had to be stemmed by the fed and the Treasury.

As to the cause of that meltdown, it may have stemmed from a crisis of confidence caused by The Reserve Fund breaking the buck in previous days.

But there is no correlation between the meltdown and the events of 9/11/2001, as the Atlas Shrugs article implies.

52 posted on 02/13/2009 2:01:20 AM PST by Obamageddon (Birth certificate and college transcripts will be required for Federal employment, Mr. Soetero)
[ Post Reply | Private Reply | To 49 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson