Posted on 02/11/2009 3:03:27 AM PST by Halfmanhalfamazing
Not all conspiracies are fiction. Soros has made his money doing this stuff for years. Manipulating markets is what he does.
It’s pretty clear what happened, housing was going down companies like Bear and Lehman had to make good on the ‘insurance’ they provided investors...it was becoming quite clear they didn’t have the reserves to cover the losses...investors panicked. Had the government rescued Lehman it might have been avoided...Lehman going down triggered fear and uncertainty certainly. No matter what it would have happened eventually.
Thank God...I love Rush-don’t want to see him damaged by wading into conspiracy theories. If you look at history...how many parties retained the presidential office after two terms? Truman (war going on) and Bush (Reagan was beloved) are the only ones that I can think of...Pres. Bush had a terrible approval rating... so this hurt also. McCain was not a good candidate, but he faced terrible odds.
I can’t think of one theory that was ever proven to be true...Soros is a trader. He engaged in the same practices as all of them. He has lost a bundle as well.
Strange this happened just when the “Drill Now, Drill For Oil” was hurting the Dem. The Money Lenders from the Middle East and China were suddenly scared their mo-si-a wouldn’t be elected.
The same for Rick Santorum of Pa. The Dem. “Money Men” brought the price of milk to an all time low just before the election to ensure he would lose.
Soros has a method by which he always profits on the deal, read up on his attack on the Bank of England called Black Wednesday and well as how he manipulated the economies of Russia and other former soviet satellites to reap huge profits in the long run.
Just a quick note in case you don’t know, Moveon.org is Soros so when porkulus is paying money to Moveon.org that money is going to Soros.
“Rush is either kidding or has lost his mind...hope it’s the former.”
Your conclusion sounds like it’s soaked in DEmocrat thought.
This post sounds like it should be on DU...substitute Keith Olberman for Rush Limbaugh and bring up some leftard conspiracy...same thing.
This was the deal all of wall street was in on...use derivatives so that if the company goes up you win...if it doesn’t AIG or some other company covers your losses...this is what lead to investors taking excessive risk. They could not lose...only there was not enough reserves to pay off the bad stuff which is what caused the crash.
This is exactly what Soros wrote he expected the government to do was bail out Lehman. Why would he have that expectation? And did he have anything to do with a need for government to bail out Leham?
all the derivatives babies thought Lehman would be bailed out...the story is that Paulson wanted Lehman bailed out, but that Bush refused to do it. When traders realized that there would be no bailout-panic ensued...as they knew their essentially gambling losses would not be covered-sell, sell. All the traders had that expectation...Fox business discussed it endlessly
There's truth in the concept, even though the old story may be apocryphal.
Just like it was time to get out of the housing market when strawberry pickers started buying $500K houses, but only a few of us saw that one in time too.... there were as many Kool Aid addicts in 2006 as there were in 1928.
There's truth in the concept, even though the old story may be apocryphal.
Just like it was time to get out of the housing market when strawberry pickers started buying $500K houses, but only a few of us saw that one in time too.... there were as many Kool Aid addicts in 2006 as there were in 1928.
An article discussing the government bailing out Lehman before the collapse; Everyone knew about the situation and expected a government bailout.
“Despite the announcement, Sean Egan of the credit rating company Egan Jones said he thought a government bailout of Lehman was still likely, despite the moral hazard — the risk that companies will start making irresponsible decisions on the assumption that the government will save them should things go awry.
“In the struggle between moral hazard and market collapse, the fear of market collapse is too high,” Egan said.”
You are so correct...there have always been those who drink the kool aid...what do you think they called it before there was well kool aid...like in the middle ages?
If only Soros manipulated market, we would not be in the terrible shape we are in...they all do it.
That's the key there. If we had kept Lehman running, the government would have had to nationalize the banking sector through the Fed instead of TARP. The TARP crap at least pushed the problem out into the open instead of on an opaque Fed balance sheet. Either way we were/are screwed.
***IMO it was an intentional act***
George Soros
Bump
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