Podesta (born January 8, 1949) is the Chairman of the 2016 Hillary Clinton presidential campaign.
Podesta previously served as Chief of Staff to President Bill Clinton.
More recently, Podesta was Counselor to President Barack Obama.
Posted on 10/19/2016 9:01:39 AM PDT by Lorianne
Edited on 10/19/2016 10:19:29 AM PDT by Sidebar Moderator. [history]
This is super fascinating. The current chairman of the 2016 Clinton presidential campaign, John Podesta, knew the economy was headed for trouble at the start of January 2008---long before the financial crisis was in full bloom. He made this clear in an email.This is the first indication anywhere of an individual linked closely to high levels of the United States government indicating that he was aware of serious problems so early, that were developing for the economy. How did he know it? Who was he talking to?
(Excerpt) Read more at economicpolicyjournal.com ...
But all we get from the OFFICIAL currents is that the economy is fine, everything is fine ... still today we get this.
Their were a number of economic indicators that the bubble was in the process of busting. It recession started in Dec. 0. The housing bubble popped in ‘06 and continued it’s downward spiral through 07 and 08. Mortgage securities began their downward spiral also during the housing bubble bust.
Podesta KNEW it wold be getting much worse. After all, the Dems took over the House and Senate in 2006 and the ensuing destruction of the economy was a given. Had to do it to help Obama in 2008.
Make that the recession started in Dec. 07.
“who was Podesta talking to that he got his very accurate call on the economy?”
Soros, of course.
Better question: How could he not know? He knew Obama and his plans to devastate our economy and country,
Bill and Hillary Clinton are the penicillin-resistant syphilis of our political system.
Podesta (born January 8, 1949) is the Chairman of the 2016 Hillary Clinton presidential campaign.
Podesta previously served as Chief of Staff to President Bill Clinton.
More recently, Podesta was Counselor to President Barack Obama.
Podesta (born January 8, 1949) is the Chairman of the 2016 Hillary Clinton presidential campaign.
Podesta previously served as Chief of Staff to President Bill Clinton.
More recently, Podesta was Counselor to President Barack Obama.
Maybe, but at this point he was still supporting Hillary and probably thought she would win.
My guess Podesta talked up Rham Emanuel---Obama's COS---- that the calculating Obamatons placed in the Fed Reserve as they took over the Executive Branch. Read on.
"Don't worry, Mr President, the Dept of the Treasury is under your control."
=============================================
ONCE UPON A TIME, IN THE PRIVILIGED ENCLAVES OF
OUR NATION'S CAPITAL, RHAM EMANUEL HELD TWO JOBS Soon as they occupied the WH, Obama and the Chicago con artists (a) took control of the US Census; (b) Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS).
PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role Read on.
==========================================
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html -tlEOg5l.jpg">
==============================================
NOTE Rahm was also a Clinton fund-raiser, Clinton's COS AND a lobbyist for Goldman Sachs.....all at the same time.
EXCERPT--The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
PODESTA (giggle): "Monica's outside puckering up to see you, Mr President."
CLINTON: "Tell her to wait a sec till I unzip."
Chris Dodd and Barney Frank? After all, it seems they were architects of the collapse by ignoring all warnings.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.