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To: BMC1
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.

11 posted on 02/10/2009 9:47:53 AM PST by Diogenesis (Quis custodiet ipsos custodes?)
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To: Diogenesis

Soros has profited tens of billions from his manipulations after only spending a couple of billion to buy Congress, and now the White House. This porked-up bill surely has beaucoups billion heading his way as payback. His scheme is working as intended and I think Soros and company actually have Obama believing he is running things. They found a fine fool to put out front.

Predictions:

1 - After the pork package passes, Soros will spend a few billion to create the illusion of recovery to perpetuate the popularity of his puppet. This expenditure will be recovered in future pork bills.

2 - Sometime in the next few years we will go through leadership shuffles reminiscent of the Italian governments of the 60s-70s. Obama will resign for very sympathetic reasons. I’m sure they have a hidden scandal on Biden (how could they not) which will be publicized, and he will quickly resign. It remains to be seen if SoS Hillary is Soros’s real horse, or if she will be forced out also.

The crisis, accordingly, continues ...


23 posted on 02/10/2009 10:39:52 AM PST by fnord (There's a reason we don't often hear about a Michelob deal gone bad.)
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