Financial Meltdown
An unprecedented upheaval in financial markets led to one of the most tumultuous times in Wall Street’s 216-year history. Here is a brief synopsis of major events in the meltdown.
http://www.cbsnews.com/elements/2008/09/22/in_depth_business/timeline4467709.shtml
Nelow are my records I kept which I felt may be relevant at that time period:
Democrats were WARNED of Financial crisis and did NOTHING (Fannie/Freddie)
http://www.youtube.com/watch?v=LPSDnGMzIdo&feature=related
Now when I look back to late 08, I see a lot of interesting things:
September 7, 2008
McCain Moves Ahead 48-45
http://www.gallup.com/poll/110050/gallup-daily-mccain-moves-ahead-48-45.aspx
To this very day, I feel there is something strange about the Paulsen advice to Bush to do the first bailout. Paulsen is a Goldman Sachs guy and so is Schumer. (They are both Democrats) Remember Schumer caused a run on IndyMac late June of 08. I don’t think he is a dumb guy.
IndyMac: Mini Bank Run, Thanks to Schumer (late June of 2008)
http://www.housingwire.com/2008/07/01/indymac-mini-bank-run-thanks-to-schumer/
I see Goldman Sachs made out like a bandit in the outcome of all of this. I do not know for sure, but I look backward and forward to now and it all makes me wonder. I just did a Google search and found this:
http://www.thedeal.com/dealscape/2008/09/goldman_eyeing_assets_of_small.php
Is Goldman eyeing failed IndyMac?
Per Rep Paul Kanjorski, Democrat, Pennsylvania:
On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.
Published September 23, 2008 at 2:26 PM
With Goldman Sachs Group Inc. converting itself to a bank holding company to strengthen its future, the New York-based financial institution is said to be on the prowl for deposits, but not necessarily an entire bank. Such speculation has led some in the media to ask whether Goldman could be looking to acquire the assets of failed IndyMac Federal Bank, which has fallen under the control of the FDIC.
Wednesday, September 24th, 2008 at 4:55 pm
Presidential Address: Bush on Economy
http://www.rightpundits.com/?p=2116
Wed Sep 24, 2008 12:48pm EDT
Obama ahead of McCain amid Wall St. turmoil: poll
http://www.reuters.com/article/topNews/idUSTRE48N17520080924
Glenn Beck Clips 07-15-09 You Won’t BELIEVE The Goldman Sachs Governmental Ties Chart!
http://www.youtube.com/watch?v=khGZ3a4zTNU
George Soros Major Sharehold In IndyMacOneWestBan.html