And everything went haywire from there.
“Six months later, Jan 2, 2009, a seven-member group of investors agreed to buy the remnants of failed lender IndyMac for $13.9 billion. Other investors included a fund controlled by billionaire George Soros Fund Management”
This was news to me! Stunning!
Thanks for posting this great article.
It is simply unbelieveable that our own media cannot report the truth. Truth became optional quite some time ago...
BFL.
BFL
I’m not convinced that the economy wasn’t nudged, but to say the money market run came ‘from out of nowhere’ is either ignorant or disingenuous. This article completely ignores Bear Stearns, AIG, Lehman and all of the government’s actions in response thereof.
“Out of no-where, in the space of less than 2 hours, the Federal Reserve noticed a tremendous drawdown of money market accounts in the U.S. to the tune of $550 billion.”
Ok, I’ve been reading this everywhere lately.
What? They can’t tell who was yanking the money?
And while that may indeed have been orchestrated, Bush couldn’t bother to call them on it? Instead he had to open the floodgates?