What Really Happen on Sept 15th 2008?

[dapoes]

Someone threw us in the middle of the Atlantic ocean without a life raft. We are trying to determine which is the closest shore and whether there is any chance in the world to swim that far. We don't know.

We heard about the infamous meeting behind closed doors.

Congressional Leaders Stunned by Warnings
By DAVID M. HERSZENHORN
Published: September 19, 2008

WASHINGTON — It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.

But now we learn why the alarm bells rang: Video Link

On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.

The Treasury tried to help, opened their window and pumped in $150 Billion but quickly realized they could not stem the tide. We were having an electronic run on the banks. So they decided to closed down the accounts.

Had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and the entire economy of the United States would have collapsed, and within 24 hours the world economy would have collapsed.

Some other gems from the recording:

It would have been the end of our economic and political system.

We would have had to spend 3 to 4 Trillion dollars to buy up all the toxic assets. But we didn't have that much we only had 700 Billion.

Without a banking system you don't have an economy.

We are no better off now than we were three months ago.

Someone threw us in the middle of the Atlantic ocean without a life raft. We are trying to determine which is the closest shore and whether there is any chance in the world to swim that far. We don't know.

So it begs the question, what did Chuck Schumer know and when did he know it?

The FDIC has just announced that a consortium of private equity and hedge fund firms would be buying IndyMac. IndyMac was an independent "bridge bank" spun off of Countrywide Mortgage in the late 90s. IndyMac acted as a "bridge bank" to Fannie Mae and Freddie Mac.
New York Democrat Charles Schumer precipitated the fall of IndyMac in May of 2008 by releasing "inside" information that the mortgage company was in dire financial straits. This disclosure created the initial "bank run" that is credited by many economists as the initial trigger that prompted the current mortgage crisis. The FDIC took over the operations of IndyMac in late summer of 2008.

So much for history. George Soros is in on the deal to buy IndyMac from the FDIC. Soros has a long history of making loads of money by first creating a financial crisis and then stepping in to grab up the bargains. Perhaps the most famous example of this tactic is "Black Wednesday," when Soros nearly sunk the entire economy of Great Britain through currency speculation.

George Soros has helped bankroll the campaigns of the Democrats in Congress who created this mess. Now, it appears, he is cashing in on his investment.

 

[UAL_TECH]

You focus on this stuff too much.
Do like the rest of the country and stimulate the economy by buying weed.

B) xUT

P.S.
Sarcasm

 

[delldude]

It would have been the end of our economic and political system.

This would be bad?

 

[freedom]

for once i actually believe you .

 

[dapoes]

You focus on this stuff too much.
Do like the rest of the country and stimulate the economy by buying weed.

B) xUT

P.S.
Sarcasm

Im waiting for Michaels Phelps bong to come via ebay.

 

[UnionAMT]

The Democrats didn't create the mess. They're simply looking the other way.
If you want deeper meaning into what's taking place in our couintry then you may want to read the book "Report From Iron Mountain".

http://en.wikipedia.org/wiki/George_Soros

You may find this interesting; http://www.americanthinker.com/2008/09/how..._soros_hel.html

 

[Seatacus]

That's what I advocate, G.R.I.P - (Get Rid of Incumbent Politicans)

Piney- that's pretty hard to do considering the electorate doesn't take the time to learn about who they are voting for. I believe most just listen to the main stream media and follow their advice.

 

[Don Smith]

http://www.americanthinker.com/2008/09/how..._soros_hel.html

Read this entire story...Don't be bored with the first couple of paragraphs. Does it occur to anyone that these (Extremely) Fat Cats, the Soros, Sandlers, etc are playing the world for fools? People at this level are interested in one thing and one thing only, the money...SUPRISE! If all of these Fat Cats were interested in the "Liberal" agenda then they would be managing foundations giving huge amounts of money to worthy causes. When someone has a net worth in the Billions, throwing $10 Million at something might seem like a benevolent act but its just window dressing. For proof I give you the Wachovia Bank in the article. The Fat Cats sold their stake to Wachovia "just in time" for the crash. Do they care about the employees or the towns affected by the collapse of that bank??? Nope.
Now the actual conspiracy part. With greedy senators and congressmen at the helm of the Legislative Branch, and a bleeding heart liberal at the head of the Executive Branch. How easy is it now for these Fat Cats to do whatever they want with the monetary systems of the country and even the world? I would say its a slam dunk for them now. And how does our government respond to the "crisis" (created by the FAT CATS)? Why read the article...bailout the financial sector. When the balance sheet was running in the trillions of dollars streaming our of the treasury they immediately threw more money at it. Eventually they had to turn off the spigot or the treasury would have gone bankrupt...I have news sports fans, it already is. Where is all of the money?? Fat Cats.

 

[delldude]

Did I miss this?

Who exactly was siphoning the 550 billion 9-15?

 

[dapoes]

Did I miss this?

Who exactly was siphoning the 550 billion 9-15?

Remember on 9/18 when there was a meeting with Paulson, Bernanke and congressional members (Link)

“When you listened to him describe it you gulped," said Senator Charles E. Schumer, Democrat of New York.

What they discussed was this very event. The run on the US money market (electronic). Now it has been leaked out there is speculation on who was responsible. Soros did the same thing back in the early 90's in Britain, so there is some concern he may have been behind the Sept event. There is also speculation that this was timed appropriately before the election and Soro's. He was also on of the biggest campaign contributors to the dem party as well.

 

[dapoes]

how quaint...

George Soros: Economic Meltdown the "Culmination of my Life's Work".....

A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.

George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.

Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.

But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.

And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.

'It is, in a way, the culminating point of my life’s work,' he told national newspaper The Australian.

Yes im sure it is... :down:

 

[Gilding the Lily]

how quaint...



Yes im sure it is... :down:

Hey, Dapoes. Are you upset that he made big-time money with his foresight when others failed to see what was happening, or are you dissapointed due to his alleged past currency manipulation and insider trading conviction?

 

[dapoes]

Hey, Dapoes. Are you upset that he made big-time money with his foresight when others failed to see what was happening, or are you dissapointed due to his alleged past currency manipulation and insider trading conviction?

More like disgusted at his foresight into participating in possible past currency manipulation and insider trading that lead to this problem we have now.

 

[Gilding the Lily]

More like disgusted at his foresight into participating in possible past currency manipulation and insider trading that lead to this problem we have now.

Despite some of his questionable investment tactics, I have always found his "reflexivity" theory to be interesting, particularly his ideas on punitive reregulation.

I don't think insider trading (while unfair) is much of a factor that led our economy into the current situation.

 

[dapoes]

Despite some of his questionable investment tactics, I have always found his "reflexivity" theory to be interesting, particularly his ideas on punitive reregulation.

I don't think insider trading (while unfair) is much of a factor that led our economy into the current situation.

Im not much of a conspiracy theorist but there are some oddities that happen last fall. $550 Billion dollars in a matter of an hour or two, being removed electronically from money market system suddenly out of the blue. Something or someone triggered the electronic run on the banking system. Some say it was Soro's as like he did in Britain in the 90's or China perhaps.

Knowing that Soro's is also the single largest contributer to the democratic party causes much suspicion as well. This crisis may very well be manufactured as a whole as everything changed after Sept 15th 2008.