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Larry Kudlow of CNBC Reporting of Emergency Federal Reserve Meeting Tonight
CNBC television | 7/23/2002 | Larry Kudlow

Posted on 07/23/2002 5:11:52 PM PDT by 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.


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: cnbc; democratsdream; federalreserve; larrykudlow
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To: My Favorite Headache
bUMP
301 posted on 07/23/2002 10:06:56 PM PDT by TLBSHOW
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To: Endeavor
whole darn lot of them weren't in cahoots on the whole thing - they were willingly running their companies into the ground solely because of their own personal greed (just like the Enron execs). Is that the correct read? 28 posted on 7/23/02 5:34 PM Pacific by Endeavor [ Post Reply

NO doubt all these white collar thiefs are part of that East coast Ivy League good ole boy club! When will we rise up and SMASH THIS CLUB??!

302 posted on 07/23/2002 10:09:18 PM PDT by timestax
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To: dixiechick2000
IMHO, raising their taxes is stealing their savings. heheh

Well I tend to agree with you I'm just speaking about the public in general .. many folks don't realize it is the same

303 posted on 07/23/2002 10:10:52 PM PDT by Mo1
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To: #3Fan
Oh <expletive deleted>. All I have to say is round up S(l)ick and all his gang and shoot them.
304 posted on 07/23/2002 10:10:55 PM PDT by steveegg
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To: Diddle E. Squat
Relax. Even if it totally goes to Hell in a handbasket(socialist HRC government takes over), all the good conservatives can simply migrate to Texas and we'll threaten to seceed.

Sounds good. I want the western panhandle!

Any such movement would likely be joined by Alabama, Mississippi, Oklahoma, Kansas, Utah, Wyoming, and Idaho. Given such a revolt, one or more of Colorado, Montana, Nevada, Arizona, Lousiana, Tennessee, might also be coaxed into threatening to seceed. Should most of these join, Kentucky, Ohio, and one or both Dakotas would also be in play. Now you would have too big a movement to suppress militarily, thus provoking a constitutional crisis. HRC might have the electoral college and popular vote(and a newly packed 15 member USSC), but not the land mass, resources, and distribution of economic producer assets in her favor. So it could come down to resign, or we seceed. Either way, conservatives triumph in the long run. Though it will never come to this, its nice to remember that good productive people usually find a way to regain the trump card. Recreational tinfoiling can be fun.

I know what you're saying. When it looked like this country wasn't going to snap out of it's Clinton haze a few years ago, I thought this was going to be necessary. Western California, Western Oregon, and Western Washington state are basically the same tribe and are liberal new age types. The big Great Lakes cities and New England down the eastern seaboard to Washington DC forming a crescent are bacically the same tribe and are liberal union types. The rest are the freedom-loving heart and soul of the original American spirit. We get San Diego though, we need a West Coast seaport, and San Diego is the most conservative. And I'd imagine a few of those gun-loving western Canadian provinces would join up with us, also. We might as well solve their liberalism problems the same time we solve ours.

Recreational tinfoiling, this is fun. :^)

305 posted on 07/23/2002 10:11:58 PM PDT by #3Fan
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To: Scott from the Left Coast
I dunno, seems like the demographics battle has been lost somewhat overwhelmingly in Washington and Oregon, so my guess is any dissension would be effectively contained by their governors. So first, portions of those states would have to seceed from that state, by the time that's done the train has left the station. Better shot at adding Alberta, but BC is probably too left(Vancouver-centric). Don't know about the Yukon and NW Territories, so I'll assume no. But Alaska would certainly be on board. Seems like some alliance(payoff) with Mexico would be needed to establish a Pacific port(Tijuana, or Gulf of California south of Arizona).

So I guess ya'll have to migrate, or wait until the economic success of the republic is luring enough to mount a campaign to regain your statehouse.

Kinda like playing Risk without the armies.
306 posted on 07/23/2002 10:14:28 PM PDT by Diddle E. Squat
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To: Mo1
I was just funnin' ya'...
and, you're right, sadly, that many people don't realize that fact.
307 posted on 07/23/2002 10:14:43 PM PDT by dixiechick2000
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To: TLBSHOW

This 188' Abeking and Rasmussen will only cost you $280,000 per week to charter, and you can bring 11 of your friends.

These are the kinds of pals the Rubins of the world have. They're not worried. The rest of us can sell apples, it will still be lobster and champagne for them. They are untouchable, or as they say, "borders and laws are for the little people."

308 posted on 07/23/2002 10:15:36 PM PDT by Travis McGee
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To: TLBSHOW
Good work. I hope your keeping a file on all the exploits of the Rubin Mafia.
309 posted on 07/23/2002 10:17:02 PM PDT by Diddle E. Squat
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To: rumrunner
This could be very very bad.
310 posted on 07/23/2002 10:18:36 PM PDT by Vets_Husband_and_Wife
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To: Diddle E. Squat
Aha! But now the rest of the story (see, I'm getting in form for the new mag!):

Over the last 30 years there have been five efforts made by eastern Wash. and eastern Oregon to secede from the western parts of their states and join with northern Idaho as a new state (one of the bills -- in 1981, I think it was -- named the new state as the state of "Lincoln").

So, you see, there's precedence. And the Cascade mountains would make for one helluva great defensive position.

311 posted on 07/23/2002 10:19:58 PM PDT by Scott from the Left Coast
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To: All
Asian-Pacific Stocks Slide, Tokyo Lower at Midday as U.S. Plunge Continues

http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20020724/bs_dowjones/asian_pacific_stocks_slide__tokyo_lower_at_midday_as_u_s__plunge_continues
312 posted on 07/23/2002 10:22:10 PM PDT by TLBSHOW
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To: steveegg
All I have to say is round up S(l)ick and all his gang...

The sheeple were so selfish they said the only thing that mattered was that their 401ks were growing when Clinton and his gang were committing their crimes in the 90s. Now that the sheeple's 401ks are diving, maybe we can finally have justice. But I'm not really sure if the sheeple deserve to have these Clinton crooks held accountable for raiding these same sheeple's future.

313 posted on 07/23/2002 10:22:30 PM PDT by #3Fan
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To: rumrunner
you mean we don't even have 1 Freeper in the meeting, it is late in the evening now, I was hoping for a wrapup of what happened </joke>
314 posted on 07/23/2002 10:23:00 PM PDT by Red Jones
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To: Scott from the Left Coast
WASHINGTON (Reuters) - If the stock slump wasn't bad enough, shareholder value at some top oil and natural gas companies could fall by another 6 percent because of environmental costs and risks in the coming decade, according to a Wednesday report by an environmental think tank.

http://story.news.yahoo.com/news?tmpl=story2&cid=568&ncid=749&e=8&u=/nm/20020724/bs_nm/energy_investments_dc_1

315 posted on 07/23/2002 10:26:12 PM PDT by TLBSHOW
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To: #3Fan
They might not deserve it, but WE do.
316 posted on 07/23/2002 10:27:09 PM PDT by steveegg
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To: TLBSHOW
Living in the land of the enviro-wacko-druids (you know, the place where everything is burning up because they refuse to allow you to do anything to trees except hug them), I must warn you to disregard anything produced by an "environmental think tank".

Environmental think tanks are where all the Marxists have gone to moulder.

317 posted on 07/23/2002 10:30:26 PM PDT by Scott from the Left Coast
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To: Scott from the Left Coast
And the Cascade mountains would make for one helluva great defensive position.

Yeah, but can Seattle catapult their cows over that range? I'm sure that they could fart in your general direction. Talk about a nasty Chinook... Well, if rural eastern WA were able to seceed, I'm wondering if Clark(Vancouver, the most conservative part of the Portland metro) and/or Cowlitz County would leave, too. That would give access to the Pacific, no locks on the Columbia south of there. Kinda sticky relying on a river, but its a start. What about Pacific, Wahkiakum, or Gray's Harbor Counties, primarily logger or Native American dominated? Any of those three would provide an excellent harbor location for a base.

318 posted on 07/23/2002 10:30:33 PM PDT by Diddle E. Squat
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To: Nam Vet
Cold hard cash.
319 posted on 07/23/2002 10:30:44 PM PDT by steveegg
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To: #3Fan
The sheeple were so selfish they said the only thing that mattered was that their 401ks were growing when Clinton and his gang were committing their crimes in the 90s. Now that the sheeple's 401ks are diving, maybe we can finally have justice. But I'm not really sure if the sheeple deserve to have these Clinton crooks held accountable for raiding these same sheeple's future.

Sadder still, I doubt they even want them punished. It wouldn't surprise me at all to see the sheeple put them right back in power.

320 posted on 07/23/2002 10:30:54 PM PDT by comebacknewt
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