(and Bush was not on the inside)
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 01/17/2010 7:22:01 AM PST by opentalk
(and Bush was not on the inside)
But the Fed is private, not part of the federal government.
Interesting is that there are no GOP Talk show hosts or Fox News even mentioning this.
And, I do not think this was done to smite Bush or cost McCain the election. I think this was done by the international financiers to get bailout money....the current Liberal Free Trade Globalist economy is tanking...and cannot sustain itself.
Note that Soros, Bush 41 and 43, the Clintons, Al Gore, Jimmy Carter, John McCain, Barack Obama, a large number of the DNC and GOP Congress....are all Liberal Free Trader Globalists....they think Globally instead of American when it comes to economics.
Until we rid ourselves of internationalism....we are always going to have these problems. If you are still supporting Liberal Free Trade Globalism and International Economics of any sort.....you tacitly approve such doings....and also, you are an Economic Anti-American
You had the answers to whatever article you were reading.
This may be part of the reason they are threaten by Sarah Palin. She has the ability to rally people behind serving America and not internationalism
The Freedom of Information Act (FOIA), 5 U.S.C. § 552, generally provides that any person has a right of access to federal agency records, unless the records (or any portion of the records) are protected from disclosure by one of FOIA's nine exemptions or by one of three special law enforcement record exclusions.
The Federal Reserve Board (Board) maintains public and nonpublic records. Public records are available at the Board's conventional reading room and electronic reading room. A FOIA request is not required to obtain these materials.
The submission of a FOIA request is required to obtain nonpublic records. If you cannot locate the records or information you seek on the Board's web site, you may wish to file a FOIA request (making a request).
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> George Soros That's just crazy talk < /sarc> Just like the issue of $778 million ($150 million in September 2008) in campaign dollars that Obama received in 2008, much of it coming from 37,000 foreign sources, mostly through untraceable, one-time use cash gift cards (source Obama's Secret Campaign Cash: Has $63 Million Flowed from Foreign Sources?). The FEC surely would have revealed a scandal by now, if only Obama hadn't been the first major presidential candidate in American history NOT to accept funds from the Presidential Election Campaign Funds ... and therefore NOT subject to any FEC investigation. Foreign donations to Obama's campaign ... indeed. |
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I believe it would be traceable and feel it would go right to the string pullers of the current admin. This crisis was probably created to set the stage for their manipulation of the financial industry. And GWB took the bait and set the ball rolling.
Praise be to GOD!
Is this connected to the stories about the Russians getting into our financial systems and stealing billions?
See post #46, also there was a Bloomberg reporter that filed FOIA on missing tarp money, unfortunately, he died in November.
Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win,
Pittman’s push to open the Fed to more scrutiny resulted in an Aug. 24 victory in Manhattan Federal Court affirming the public’s right to know about the central bank’s more than $2 trillion in assistance to financial firms(Bloomberg Nov 30)
Not sure if it applies in this case. The way the Fed is fighting any attempt to be audited by congress, the more pressure the better. (IMHO)
Foreign donations to Obama's campaign ... indeed.
It all seems so scripted.
bama was assumed to be the next president a year before the election.....remember the entire media followed him around the world well before the election....
the fix was in.....
Soros, Ayers, and some of Obama’s Islamo buddies perhaps? Heck, Chinese agents might have been part of it too. Putin? All of the above?
“Sure, it could be pure coincidence that exactly at 11 a.m. a wave of concerned investors all decided it was time to electronically withdraw their funds thus creating this crescendo drawdown effect setting in motion a worldwide panic. It could be coincidence. But, it’s doubtful. The fact that the identities of those who simultaneously decided to withdraw their money at 11 a.m. on Sep. 18, precipitating this panic, were never released, does lead one to question whether or not something sinister was at work.”
I keep trying to see what effect the R A D I U M group brokerage had the run.
Seems they have all but dropped off the net, with the exception of thier energy sector stuff....
Well, I don't know about you, but I always make a point to withdraw all of my holdings each and every September 18th at 11:00 come hell or high water!
Which is why Bush is exactly right when he says that if he had done nothing we would be suffering depression right now instead of recession.
Here’s where I remember seeing references:
The key event in the sudden, massive withdrawal of dollars from the US financial system was the sale of assets and withdrawals of cash by European institutions to meet the terms of dollar denominated derivative and financial insurance contracts such as CDOs (collateralized debt obligations) and various other types of guarantees.
In essence, such contracts require that when adverse events occur, payments must be made or set aside and readied for payment by the guarantor. Thus an ongoing or anticipated fall in the value of a particular asset class or an impairment of credit based on such assets requires guarantors to scramble to raise cash or cash equivalents.
Most all of these derivative and financial insurance contracts were ultimately based on or contingent on the value of supposedly high quality US mortgage debt. Many of these contracts were written in Europe with European guarantors and priced in dollars.
When the US and international financial markets recognized that the massive pile of US mortgage debt was deeply impaired in value, it suddenly triggered a wave of calls on guarantors and holders of that debt. As assets were sold to raise dollars, it led to a sharp spike in the demand for dollars and a fall in the price of equities and other assets pledged or sold.
Bear in mind that the other side of these deals was that Europeans were selling assets in return for dollars, with the dollar often holding or rising in value despite the wreckage on Wall Street and in the US banking system. On the net, there was no loss to the American economy in this spike in the demand for dollars, although we and the rest of the world have experienced severe economic and financial losses due to the wave of bad mortgage debt and excess risk built into the system.
As for the Fed, in the crisis it did what had to be done: pump out liquidity (more dollars) to keep the US and world financial system from collapsing. And Wall Street then used the crisis to scare and confuse President Bush and Congress into the bailout and slush fund known as TARP.
With our electronic ability to track the movement of money by drug dealers and terrorists it is obvious we know who did what. If there were multiple people we may not know exactly who the ring leader was but we could easily surmise. So, the answer to your question is we don't want to reveal it because it would create a crisis of its own or there is little we can do about it so we don't want to say.
When you consider the history of where we are and how we got here I would go with a Pogo quote, "We have met the enemy and he is us."
The Community Reinvestment Act passed under Carter and re-energized under Clinton allowed the mortgage crisis to happen. ACORN and other Leftist activists basically forced the banks to make unwise loans.
Fannie Mae and Freddie Mac eagerly gobbled up the bad loans and the Democrats, primarily Barney Frank in the House and Chris Dodd in the Senate, stonewalled the Bush administration's attempts to stop the freight train.
The Democrats private investment firm, Goldman-Sachs, made tons of money packaging and selling bad loans. Moody's and the other rating companies gave AAA ratings to packages they didn't understand. So, the table was set for a crisis that could be manipulated.
For years the environmentalists, the government through regulations, and the labor unions had made our domestic car companies noncompetitive. They forced them through CAFE standards to make cars people didn't want. When people continued to buy SUVs and trucks they demonized those vehicles. The unions were unwielding during contract negotiations. Now the government and the unions own GM and Chrysler.
For the past eight years the Democrats and media, the Left, used the Big Lie to blast Bush and the Republicans from every corner. Simultaneously, they were grooming a little known black Communist to exploit white guilt and run for President.
We know the rest. The table was set and the trap was sprung. Now the beneficiaries are pretending they have a mandate rather than having sprung a finely crafted and successful coup de tete.
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