Posted on 02/10/2009 1:22:01 PM PST by GOP_Lady
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If you post your essay, ping me please.
We where due for a correction, by right before an election???
I believe that as well.
It explains the sheer panic on the faces of all involved in the TARP and the vagueness of the explanations.
It was a Financial 9-11.
Too much coincidence isn’t?
It is... I’m glad I’m not the only who thinks this way..
Cedric, I find it extremely interesting that you’re hanging out at Nichole Wallace’s blog. You wouldn’t be Nichole herself, or one of her lackeys, would you?
I simply won’t allow charlatans, fools and simpletons to distort historical fact.
That’s why I’m so desperately needed around here.
Yes, I am an extremely interesting fellow....
...also amazingly virile.
Well, it's not like I was wasting anything of value.
How Chuck Schumer Caused the 2d Largest Bank Failure in U.S. History (Important Read)
CNBC ^ | July 12, 2008 | Jerry Bowyer
Federal officials arent supposed to cause bank runs. In fact, much of the New Deal bank regulatory apparatus was set up for the purpose of eliminating such panics. When FDR was hit with a massive set of bank runs shortly after taking office, he gave an address in order to calm terrified depositors, assuring them that the banks would reopen shortly, and that everything would be fine. But Chuck Schumer is no FDR. He doesnt stop bank runs; he starts them. Or, at least, has started one. The collapse of Indymac bank, the second largest bank failure in American history, began with a letter from the office of Senator Charles Schumer on June 27. He questioned the viability of the bank. When a senior senator who is in a number of influential posts regarding oversight of bank regulators directly attacks the confidence of a depository institution, it matters. Not surprisingly, the director of the Office of Thrift Supervision concluded that the collapse of the bank immediately following the Senators comments has not a coincidence. Director Reich concluded that Senator Schumer had given the bank a heart attack.
Why? Why would a federal official with enormous power, destroy an institution on which tens of thousands of depositors (not all of whom are insured) and employees depend? Why would a New York Senator attack a Pasadena bank, acting as some sort of amateur, self-appointed, long-distance bank examiner?
Perhaps this might help answer the question: Indymac has been under attack from the hard left. The Center for Responsible Lending issued an attack on Indymac within a few days of Schumers letter.
CRL is part of a small army of left of center research groups, community organizers, and public interest law firms who make their living accusing home lenders of racial redlining and predatory lending. On June 20th the Center accused Indymac of unfair practices regarding minority borrowers. [CRL is a left-wing group that refuses to disclose its donors, but somehow has raised enough money to open very expensive offices in Washington and Sacramento. They are the Democrats' favorite witness at hearings on mortgage lending. CRL is in some ways responsible for the subprime mess, because in December 2006 it released a completely bogus report that projected 2 million foreclosures would occur. That number is taken as gospel now, but it has not materialized. This is a group of lying leftists that is trying to break the U.S. mortgage industry, and appears to be succeeding, with the help of Chuck Schumer. Some people think that one or more large U.S. or foreign banks is actually bankrolling CRL.]
A suspicious person might think that a network of lefty attack groups proficient in bank bashing and frequently funded by trial lawyers and short-sellers, coordinated their activities with a law firm on the hunt and a Senator who works closely with the network.
On the other hand, maybe it is a coincidence that CRL and Sen. Schumer attacked the same bank in the same week. Maybe he didnt know about the CRL report, nor CRL about his letter. Maybe the community group didnt know about the trial-lawyer class action lawsuit which was launched against Indy a couple of weeks before all of this started.
Yeah, right.
The political class is shifting left. Were likely to get Obama and Nancy and Harry running the most advanced economy in the world next year. The investor class doesnt like what it sees coming. Thats why it is scaling back. Capital is going on strike, and we wont come back to the table until we see that we have a chance to a fair deal.
Ping, if you haven’t seen the Bowyer article.
The one person we know who benefited the most that day was Barack Obama. McCain was up 8 pts. in the polls, Obama was getting hit pretty hard and WHAM, it turned around over night. The contiunal reminder from the media regarding how Obama’s strength was the economy, changed the polls in two days. He never looked back.
Thank you very much for that information.
“Soros is famously known for “breaking the Bank of England” on Black Wednesday in 1992. With an estimated current[update] net worth of around $9 billion, he is ranked by Forbes as the 101st-richest person in the world.[1]”
http://en.wikipedia.org/wiki/George_Soros
I suppose the thought has never occurred to you that you might be doing the same things that you accuse others of doing? For example in #61 you have no link, so if I operated like you, I would accuse you of making it up. It would help to have a link, so we could see the context. What you posted in #61 seems to shift the blame to Pelosi.
Nancy Pelosi will doom the White House legislative agenda with her hyper-partisanship....
Maybe Wallace writes whatever pops into her head. I would not trust her based on what I have read.
That is a VERY good point....
Is this the result of SEC action due to the electronic run on Sept. 18,08 or is it unrelated to that:
http://www.sec.gov/rules/other/2008/34-58592.pdf
All of this was just way, way, way too coincidental for me, especially when the markets were up to 13,000 in June (Lets see, Market up to 13,000, 4.75% Unemployment...so what the heck was WRONG with the Bush economy?)
Good question, but there's no such thing as a coincidence.,
Amazing << Hear this. Feel this, and tell me that this isn't music.
Hey Barack HUSSEIN Obama, I went to Harvard too! That was the worst fieldtrip of my life, but I went there...
It certainly seems so.
There is nothing in her scatter-brain writings to legitimize the contention that she is now "an Obama supporter".
{Links? I don't need no stinking links!}
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