Shumer and probably Soros appear to be responsible for the timing of it. The electronic bank run back in September that drained 500 billion from the banks in a few hours in the middle of the night could only have been pulled off by Soros. He controls many times the amount money he “owns” and heavily influences several times what he controls. Senator Schumer deliberately triggered the IndyMac run with a speech. The response to the financial meltdown WAS/IS a conspiracy for real, a conspiracy to get as much money into the pockets of the money managers and officers at Goldman Sachs as possible. I am sure lots of that bailout money is going offshore to sit in gleaming yellow bars in safe Cayman Island and other discrete banks.
Summary:
- The Democrats, especially Housing Secretary Andrew Cuomo, caused the housing bubble.
- The bubble propagated thru the financial system via AIG, Lehman, et al in ways probably best described by psychology and chaos theory.
- It is certainly likely that the bubble burst when it did because Schumer and Soros deliberately punctured it for fun and profit. The market digested the news of the bubble, sinking but not entirely tanking.
- Paulson panicked, Bush followed, and a critical mass followed. Including John McCain. Even Thomas Sowell bought it.
- Obama was elected, and we are in the soup.
Most of our AM Radio heroes took in the bait and the hook. Only Rush, of the ones I can listen to, saw it all for what it is from the beginning. Bennett and Hewett, whose intellect and insight I have always, until now, respected highly are still in the bag. They “know” the government had to spend our great grandchildrens’ inheritance and income but they quibble about how it should be spent. It was a shock to hear Libertarian Boortz even bite at first. He seems to be thinking a little more clearly now, though I won’t know for sure because the local talk station just dropped him.
“Shumer and probably Soros appear to be responsible for the timing of it.”
Which puts the Sheeple in a panic just as McCain begins to take the lead over The Magic Socialist! MCain bungles it, now America is screwed.
MISSION ACCOMPLISHED...
I also find the elimination of the "up tick" rule in 2007 to be very curious and the timing is very, very suspect. If you were going to short the market in a huge way, elimination of the up tick rule would be paramount.
The more this onion is peeled back the more it looks like a financial coup took place.....