Posted on 09/15/2018 7:36:39 AM PDT by yesthatjallen
Nonsense! Crashing the economy right before an election to get the democrats into power??? Absurd!
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At no point in history has any government ever wanted its people to be defenseless for any good reason ~ nully's son
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
Clinton, Cuomo and Reno were responsible. Bush tried to fix it but was thwarted by congress.
There was no obama administration yet but supporters were probably at work.
There is an odd factor or two. There were several folks around who were predicting this already in 2006 timeframe, and getting no traction because no one from the Fed wanted to hear about the issue.
I might also go back to 1929, and discuss the whole decade prior to that crash...how dozens of warning indicators existed and no one (not the banks, the Fed, Congress, or the President) wanted to step into the middle of the mess.
STROLL DOWN MEMORY LANE Soon as they occupied the WH, Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the conservative-suppressing IRS). Read on.
"Mr President, you are now in complete control of the US Treasury."
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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
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Pres Trump needs to to ask US Treasury officials what exactly Rahm Emanuel and Obama were doing there.
PAUSE TO REFLECT--- As taxpayers were being gulled by the TARP fraud, Obama had tight control of Treasury and spent trillions of tax dollars. Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on the US Treasury via COS Rahm Emanuel's dual role.
I’m no fan of the Bush Crime Family, but as I recall he tried twice to reform the subprime lending scam but of course the libs started screaming “racism” and so he backed off like all RINOs do.
Democrats seized both chambers of Congress in January 2007.
They absolutely aided the fed in crushing the economy to bring a democratic radical to power
I agree. The crash had roots going back many years, and a number of factors came together to produce it. Community Housing (bad mortgages) and securitization (banks and mortgage companies made crappy loans, but packaged them and sold them to someone else)are two bit ones.
One of the best books I read on the crash was "The Sellout", by Charles Gasparino, which traces the roots of the crash back to the 80's. It reads like both a history book and a thriller. Highly recommended.
The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event it's needed, allowing the president to bypass direct congressional approval to make a settlement.
The U.S. previously paid out $278 million in Iran-related claims by using the fund in 1991. Republicans have decried the payments as ransom, a charge that Obama administration has rejected.....a group of Republican senators announced their support for legislation that would bar payments from the Judgment Fund to Iran until Tehran pays the nearly $55.6 billion that U.S. courts have judged that it owes to American victims of Iranian terrorism.
UPDATE H.J.Ansari Zarif, the deputy for parliamentary and Iranian affairs within Irans Ministry of Foreign Affairs, said he would expose "everyone who allegedly accepted bribes" to facilitate Obama's nuke deal with Iran. "... we will reveal which western politicians received monies during nuclear negotiations to make #IranDeal happen, Mr. Zarif reportedly said. NOTE: Mr Zarif is the FIL of John Kerry' daughter.
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CONCLUSION Looks like Obama and his crowd got filthy rich on this deal. In case you wondered how the Halfrican intended to pay for his billion dollar final resting place dedicated to the Sun God
.Obamas "presidential center." NOTE: Obama said no federal funds will be used......just tax dollars with an Iranian postmark.
And McCain helped by suspending his campaign.
Hell no they didnt, the dim-0 congress did it and intentionally. Look at the economy for the first 6 years that GW was prez and dim-0s controlled nothing. THEN look what happened after dim-0s took over both houses of congress in jan ‘07.
NOW think about what is likely to happen if the dim-0 sonsofbitches take over congress again in jan of 19.
Bush was still President but Pelosi took over Congress
Something was ‘up’ earlier.
IIRC, it was around February 2007 the Bush economics advisers/officials showed up on the Sunday morning news-talk programs for a couple of weeks. Their talkingpoints were how great the economy was, how solid, no problems, everything looked rosy.
I thought it strange that they were doing such a ‘hard sell’, considering things looked pretty good on the homefront — fly-over country.
By mid summer, we began to hear rumor and read news reports of economic problems, banking problems, etc., and by fall the rumors were turning into truths, and the GW advisers were talking massive bailouts.
[That was pre-Obama. It developed during GW’s 2nd term. I think the earlier news-talk appearances were nothing more than attempts to try to head off what the experts saw coming. They tried to keep things ‘up’ until Bush left office, but they fell short and it hit during GW’s last 2 years.]
It stuck in my mind and shortly after that posting the S&P fell to 12000. I got spooked and I begged my husband to get out of the market and into cash. But we didn't.
If only.
thanx for the heads up
Aquila: the red alert Wilber sounded when the dems get elected by the adult debtors and vote to have the taxpayers pay for their folly.
I suspicion it was Soros as well.
Being it was a financial attack and an act of war, that would make him a legitimate military target.
Technically when the debt is extinguished the remainder is put on the government. IMO the gov,who is you and me, should clawback the tuitions paid for degrees which never supported repayment.
When you push banks into making unsafe loans, the system will eventually collapse.
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