Posted on 02/10/2009 9:43:07 AM PST by an amused spectator
http://www.boingboing.net/2009/02/09/rep-kanjorski-550-bi.html
Rush just talked about this in his opening monologue.
Right. It was posted yesterday, but in chat.
FLASHBACK: from 9/15/08:
How did Obama know THEN
that we would experience the most serious financial crisis since the Great Depression
when those who did not plan the takeover would not know for three more months?
I liked Rush’s take on the whole thing, it confirms my suspicions that this is a manufactured economic crisis for political purposes. I also hope someone investigates who were the players pulling their money out of the money markets.
Who was doing the selling? Why the sudden selloff?
“Rush just talked about this in his opening monologue.”
Yep: http://www.freerepublic.com/focus/news/2182367/posts?page=83#83
Bookmark! Excellent work!
Top detectives will always tell you - when a crime occurs, find out who stands to benefit.
The Democrats benefitted enormously for the current economic collapse.
They are responsible.
We pulled our money out last Thursday!!! Good, let it all crash! OBAMA’S FAULT!!!!!!!!!!!
Here may be a clue. Soros, J C Flowers and John Paulson all run HUGE hedge funds. They “bought” Indy Mac bank recently with Michael Dell. Probably got tax loss carry forwards forever plus govt money.
Schumer slimed Indy Mac back in October which then caused a run on the bank and it imploded. My guess is it was heavily shorted by those three hedge funds with the help from others.
I saw all of this unfolding in october. they lined em up and picked em off one by one. This was a manufactured crsis (Cloward-Piven & Alinsky) to grab power.
This is not over. The GOP needs to start fighting. Dr. edwin Vierira said the BC will eventually come out and standing will not be an issue when the first case is filed based on any law he signs by a defendant. Orly’s new case may also get around the standing issue. If he gets bounced - any law he signs is voided.
We may also find out who was behind this looting. Businesses and others are going to get sick of this criminal soon.
Thanks for posting. Bump for later read - I expect this thread will generate some good comments.
bttt
Here is a verbatim transcript of Rep. Paul Kanjorski (D-PA), Capital Markets Subcommittee Chairman, speaking on C-SPAN, February 6, 2009.
On Thursday [9/11/08*], at about 11:00 o'clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion...was being drawn out in a matter of an hour or two.The Treasury opened up its window to help. They pumped $105 billion into the system, and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn't be further panic out there. And that's what actually happened. If they had not done that their estimation was that by two o'clock that afternoon, five-and-a-half trillion dollars would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed.
Now we talked at that time about what would happen if that happened. It would have been the end of our economic system and our political system as we know it, and that's why, when they made the point we've got to act and do things quickly, we did.
You know, we're not any geniuses in economics or finances on the Hill, we're representatives of the people. We ought to take our time, but let the people know this is a very difficult struggle. Somebody threw us into the middle of the Atlantic ocean without a life raft, and we're trying to determine what's the closest shore, and whether there's any chance in the world to swim that far. We don't know.
*NOTE: In the video, Kanjorski says this occurred "about September 15th," and then says that the beginning of the problem occurred on "Thursday." The 15th was a Monday, but the previous Thursday was September 11, 2008.
Moved it to Frontpage - that seems a good fit.
Some of us here have long, long thought that Obama is nothing but a front man whose fantastical rocket-rise to the top of American politics was funded by enemies of this country.
As for someone investigating who the players (or just player) were, if we have to rely on Obama's anti-Justice Department, it will never happen. Conyers, Leahy and company are busy agitating for investigations of the Bush administration's "torture" of Islamofacist terrorists. Leahy's brush with death during the anthrax attacks apparently get through to him.
Kanjorski was talking about the massive attack on our financial system that occurred last September, not last Thursday.
Thanks. Much appreciated. :)
It disappeared into their own pockets!!
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