Larry Kudlow of CNBC Reporting of Emergency Federal Reserve Meeting Tonight

CNBC television | 7/23/2002 | Larry Kudlow

[rumrunner]

Larry Kudlow mentioned that the Federal Reserve may be meeting tonight to discuss the exposure of Citibank and JP Morgan Chase to derivatives and the stock market collapse.

Possible that both banks have billions of derivatives that need to be unwound. Would collapse the banking industry.

[cajungirl]

This is a scary thread but there is a light at the end of the tunnel,,if indeed we go thru a depression, the strong will survive. so my bet is on freeper survival. We might just have to do what our grandparents and parents did and in an odd way it might be good for us. I have often said we have had it easy in the last fifty years. And I have no doubt that I and my family could weather and thrive in a depression and maybe be better off. Sorry but I have to be optimistic here. BTW should I take my money out of the bank tomorrow?

[Swanks]

On the other hand, wasn't there a Saudi prince who just bought another $500 million in Citigroup stock?

No s**t. With these kind of funds you buy top notch intell. To immediatelly lose 25% of 500M in two days (with much more downside potential) tells you this Citi scam was well hidden even from the real money.

Some infidel's head will roll for this one.

[plain talk]

What is your evidence to the contrary?

[#3Fan]

The republicans controlled congress for six of those years. What about THEM?

Rubin is Clinton's boy. The media through their 24 hour a day propaganda wouldn't let the Republicans stop Clinton from committing perjury, they sure wouldn't let them stop Clinton from a crime that's even harder for the public to understand.

[Momaw Nadon]

"I have a bad feeling about this."

[justshe]

If he gets caught up in this mess .. he'll be crying like Jim and Tammy Baker

Oh, I would PAY to see that! And he MIGHT not look quite so good as a VP candidate. Anyone know what Gore's portfolio looks like?

[ElisabethInCincy]

I apologize .I already asked if anyone can explain this to me in lanaguage for a simple woman LOL :) Thnx i wont ask again .I am really trying to understand this thread and i just cant ROFLOL :)Someone help

[#3Fan]

This is a scary thread but there is a light at the end of the tunnel,,if indeed we go thru a depression, the strong will survive. so my bet is on freeper survival. We might just have to do what our grandparents and parents did and in an odd way it might be good for us. I have often said we have had it easy in the last fifty years. And I have no doubt that I and my family could weather and thrive in a depression and maybe be better off. Sorry but I have to be optimistic here. BTW should I take my money out of the bank tomorrow?

All Freepers move to Israel if the people and the media loved Clinton so much while he was destroying America. :^)

[gusopol3]

there's always hope--an asteroid is scheduled to hit us in only 17 years !

[DeaconBenjamin]

He already had invested (or his holdings were worth) $9.5 billion. http://www.freerepublic.com/focus/news/718658/posts

[BlackJack]

gulp

[NeoCaveman]

Anyone know what Gore's portfolio looks like?

Earth in the Balance AlGore has a truckload of Oxidental Petroleum shares, if he has any other investments...other than being a slumlord, I don't know.

[Uncle Sham]

"The media through their 24 hour a day propaganda wouldn't let the Republicans stop Clinton from committing perjury"

Are you saying that the republicans in the senate who voted UNANIMOUSLY with the democrats for those screwy, unconstitutional, designed-to-fail rules for the impeachment proceedings were FORCED into doing so by the media? Wake up. The pubbies are as corrupt as the dems in all of this. Everyone up there deserves the wrath of the citizenry. At the current rate, it won't be long. Invest what little money you have left in pitchforks.

[justshe]

Rubin is Clinton's boy.

And thank you God, and President Bush and the men and women of honor you brought to D.C. to staff your administration, that Rubin's call and his plea for help, was rebuffed by O'Neil. Probably won't be reminded of THAT bit of brilliance by the media either.

[flamefront]

Time to use the ... you know.

[Semi Civil Servant]

They can't hide Rubin forever ...

Right. And lookie here who signed my circa 1995 $5 bill -- a Mr. Robert E. Rubin!

If the Pubbies believed in fighting instead of rope-a-dope, a close up of this bill might make a real good political ad.

Wait, have we entered the anti-free speech season yet?

[Mo1]

I apologize .I already asked if anyone can explain this to me in lanaguage for a simple woman LOL :) Thnx i wont ask again .I am really trying to understand this thread and i just cant ROFLOL :)Someone help

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It a long story .. let's just say this is a big huge mess

Here is a thread from last night with a lot of information about Citi=Group, Enron and Rubin


http://freerepublic.com/focus/news/720424/posts?q=1&&page=101

[Thane_Banquo]

Prices and incomes changed daily. A former student recalls: "One fine day, I dropped into a café to have a cup of coffee. As I went in I noted that the price was say 5,000 marks - just about what I had in my pocket. I sat down, read my paper, drank my coffee and spent altogether one hour on the café, and then asked for the bill. The waiter duly presented me with the bill for 8,000 marks. 'Why 8,000 marks?' I asked? The mark had dropped in the meantime I was told. The 'index' based on the dollar exchange rate had altered so much that the price had gone up by 60% while I was sitting at the table. So I gave the waiter all the money I had - and he was generous enough to leave it at that."

What's interesting about this story (besides the way it illustrates hyperinflation) is that I beleive that about 1/3 of the American public probably doesn't understand what this student was talking about.

Only 1/3rd? You, sir, are an optimist.

[eeriegeno]

Miss M, Congressional hearings would not do squat to help stop the decaying US and world markets. Department of Justice indictments delivered to the crooked CEO's, analysts, accountants, and politicians would be a good start. Names like Ebbers, Lay, Rubin, McCauliff, Richardson, Clinton quickly come to mind. The market was hyped during the Clinton years to be better than it was. When Mr Clinton left the Whitehouse, trust me, he took more than the silverware...........

BUT, since this market collapse was created by politicians and for the politicians (and their wealthy friends) not a damned thing will be done about it.

[Mo1]

I don't recall his portfolio either other then Oxidental Petroleum

I think Clinton picked Gore because he knew Gore would sit back and shut up just to have a chance at being President

Just like he picked Janet Reno .. I mean that thing had NO business being Attorney General with her back ground