Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: NoGrayZone
Something to think about during the vote.

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
"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.
The treasury tried to help with $150 Billion.
But could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts
they estimated that by 2 PM that afternoon.
Within 3 hours. $5.5 Trillion would have been withdrawled
and collapsed and within 24 hours the world economy."


FLASHBACK: from 9/15/08:

“U.S. President George W. Bush said Monday he is confident
that the markets are resilient and can deal with the latest financial blows.
“We are working to reduce disruptions and minimize the impact
these financial market developments on the broader economy.” ...

U.S. Democratic presidential candidate Barack Obama
said eight years of Bush “brought us the most serious financial crisis
since the Great Depression.”

His Republican rival said John McCain said he was happy the
federal government decided not to use taxpayer dollars to bail out Lehman Brothers.”

How did Obama know THEN
that we would experience the ‘most serious financial crisis since the Great Depression’
when those who did not plan the takeover would not know for three more months?


October 10, 2008, another massive selloff.

3 posted on 02/10/2009 7:08:28 AM PST by Diogenesis (Quis custodiet ipsos custodes?)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Diogenesis; All


17 posted on 02/10/2009 7:18:26 AM PST by musicman (Until I see a REAL C.O.L.B. BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Diogenesis
I told my husband we should think about drawing all our retirement out.

At this rate, it is only going to lose more money & I don't see it ever 'reconstituting itself'.

Bastards.


53 posted on 02/10/2009 7:33:57 AM PST by texas_mrs
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Diogenesis

Obama met with Clinton on Sept.11th.He was going down in the polls.”Answering the phones these days at Obama transition headquarters is none other than Betty Currie, Bill Clinton’s former personal secretary.”
http://www.nytimes.com/2008/12/17/us/politics/17currie.html?hp


149 posted on 02/10/2009 8:18:43 AM PST by fatima (Free Hugs Today :))
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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