Posted on 03/30/2009 8:26:45 AM PDT by AJMCQ
Last summer, as McCain and Obama were in the midst of their campaigns to capture the presidency, a series of events dramatically changed the focus of the campaign from Iraq to the economy.
June 26, 2008: Democrat Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. This memo precipitated a run on IndyMac which led to its failure. Federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the banks failure. The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York.
This event, coupled with the Lehman Brothers collapse in September, marked the beginning of the current economic meltdown and provided the ammunition for massive government intervention in the private market.
* July 12, 2008: The federal government takes control of the $32 billion IndyMac Bank.
* Sept. 6, 2008: Fannie Mae begins the spiral, which will end with a crash in November. This crash was avoidable, as the problems with Fannie Mae and Freddie Mac were identified in June of 2006, when 15 Republicans on the Senate Banking Committee introduced legislation to address the problem. Democrats, led by Barney Frank, killed the reform efforts.
* Sept. 15, 2008: Obama and McCain are virtually tied in their race for the presidency. Out of no-where, in the space of less than 2 hours, the Federal Reserve noticed a tremendous drawdown of money market accounts in the U.S. to the tune of $550 billion. Rep. Paul Kanjorski of Pennsylvania said that if authorities had not closed the banks, $5.5 trillion would have been withdrawn from US banks, which would have caused the collapse of the US within 24 hours.
(Excerpt) Read more at americandailyreview.com ...
I ask how do we get SEC to investigate Soros for market manipulation? The libs scream about Kramer doing it.
“Contrived”
Perhaps. But at least some seem to have been aware of the timeline of events a year ago.
Check out this posting from March 2008. About all we haven’t seen (yet?) are the REX84 camps.
http://www.freerepublic.com/focus/f-chat/1994684/posts
(there were earlier similar “tinfoil hat” reports of this crash coming back in 2007)
Soros and two mega hedge fund (shorting) pals J.C. Flowers and John Paulson bought Indy Mac with Michael Dell. Kill the companies then let Uncle Sam sell it to you for peanots with tax loss carryforwards etc.
> I ask how do we get SEC to investigate Soros for market
> manipulation? The libs scream about Kramer doing it.
Soros is wanted in Russia for currency manipulation. From 1998 to 2001, he caused the Rouble to tumble from $0.16 to $.03. The Russian authorities raided his offices in Moscow in November 2005, and arrested pretty much everybody there. Unfortunately, Soros was not there.
We have no extradition treaty with Russia, else Soros would have had to go to Moscow to answer the charges.
I suppect the bank run was Soros organized and maybe directed! Soros is rich but even he could not pull this off by him self.
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This situation is more than frightening .. it is potentially catastrophic
Has anything been done to prevent it happening electronically during the night?
The stark reality is, it is possible for a total collapse to occur ... an on going threat, ... right?
ping
Conspiracy Alert. lol
A flaming A**HOLE, if ever there was one, like Chuck Schumer can cause a panic which severely damages our economy
and most of America doesn't even blink.
I'll say it again, if Rudy Guliani wanted to help America he would run against Schumer. This steaming pile of human excrement must be defeated.
The oil price spike was also big part of this. Someone needs to connect ALL the dots.
While Congress investigates steroids in baseball, they completely ignore what could have allegedly sunk the American economy within hours?
With the way things were held together with cheap chinese duct tape it was only a matter of time before it
(the economy )melted down. But I do believe the desire for a weaker ecomomy right before the election caused the final blow to the house of cards our masters have built for us.
I think the democrats thought a case of the hiccups would help them, unfortunately they opened a bottle labeled EBOLA.
I agree with your statement about the Dems ‘creating a crisis’ they thought they could control. It’s become a ‘snowball’ and they’re clueless as to how to reset the economy. They plan to reflate the ‘FIRE’ economy that just went up in smoke.
It’s the ‘animal spirit’ which the ‘progressives’ have no clue!
The “crisis” was designed to get Obama elected and to justify the spending on liberal social programs.
I agree. Remember Obama told McCain “Call me if you need me.”
June 26, 2008: Democrat Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. The the run on banks started the plot working as planed.
It was intentionally caused. The possible sources are obscured, diverted from our attention. We see the shadow and not the substance of the powers behind this ‘take over’
It was not by accident. There is good reason to expect the worst is yet to come.
God help America, please forgive our sins. We are putty in Your hands. What are we to do now? Turn to God in truth and sincerity of heart. We call out Your Name. Come to our aid. Thank You Father for Your Grace. In Jesus name. Amen.
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