Reporter Warns Staged Financial Crisis Part Of Fascist Coup , page 3
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reply posted on 23-9-2008 @ 04:41 PM by jprophet420
reply to post by ninthaxis


You should really listen to Ben Stein. He explains it pretty well. In a nutshell when one of these huge financial companies goes under, it doesent just not have billions of dollars. It needs to have a certain amount of assets to meet all of its needs, but is s few percent short. Its like you coming up 20 bucks short on the rent and needing to borrow it till later. Its not like you have a 250,000 dollar home and owe all 250 grand.



reply posted on 23-9-2008 @ 06:17 PM by Anonymous ATS
reply to post by ninthaxis


If you have been following the stock market, this manipulation has been stewing for years. Google CMKX to find out how the market can be used by the greedy to milk money out of middle to working class investors.

This didnt just "happen"

short selling is a way for the people in control to manipulate the market -- sell it, drive the prive down with dilution and smear campaigns on the internet, buy it back cheap. As far as the actual share, they dont care if it exists!


reply posted on 23-9-2008 @ 10:35 PM by TheAgentNineteen
Originally posted by The Revealer
www.prisonplanet.com


[edit on 22/9/2008 by Mirthful Me]


The source says it all as far as I am concerned. Alex Jones takes issue with every last breathing thing. He could find a conspiracy in a 3 Year Old charging him 50 Cents for a Lemonade, when the "Market only calls for a glass at 35 Cents". Also, what is up with the labelling of Right leaning Conservatives as "Phony Patriots"? That is more of a personal attack than anything else. You are either a Patriot, or you are not, simple and plain.

Another misconception which Jones himself seems to be propagating is that the current United States Presidential Administration can in anyway wrest away control of everything. The United States House of Representatives and the United States Senate have far more power on such an issue than any single U.S. President (or his appointees) ever could.

I for one have been a staunch opponent of our current 110th Congress, which has been doing nothing but conducting themselves in a completely vengeful manner. HOWEVER, The House Members are absolutely correct in this case. They want to slow the process down, and have a chance to understand ALL of the fine print and details which compile this new "Bailout Plan". I feel the American people have a right to understand what such a plan entails as well. Why you ask? Because we need to go after these greedy CEO's and Board Members, and nail them to the wall. If we slide this Plan through without any further thought, these Scrooge McDuck wannabe's are going to sail away on their lovely "Golden Parachutes", never to be seen nor heard from again. They need to have the chords to their bailout 'chutes cut for good.

[edit on 9-23-2008 by TheAgentNineteen]


reply posted on 24-9-2008 @ 12:05 AM by candide
Originally posted by Jim Scott
As a Republican, I am shaken that this fiasco and the savings and loan fiasco have both happened during Republican presidencies, Reagan and Bush 43.

However, I am comforted in knowing that former president Clinton and the democratically-controlled congress were the ones who signed the laws into effect that permitted the present fiasco to happen.

These events show the overall lack of professionalism and patriotism of members of congress, IMHO. The opposite of progress is apparently congress.


It makes me crazy when people completely flip their opinions and dont seem to notice. No, there were no WMD's in Iraq despite everything we were told, but not one republican friend of mine seemed to care. The message they cared about had apparently moved.

In the same vein, it has been republicans that I have heard as far back as Reagan saying that deficits dont matter and that we need to deregulate as much as possible. It hit an art form in the current administration where Bush has not just worked to deregulate, he has appointed industry lobbyists to almost every oversight organization (fox watching the chickens) and directed that regulatory laws that exist not be enforced.

You didnt give any real details on why the current situation is all clintons fault in your post, but this is my best guess as to what you are talking about.


The Gramm-Leach-Bliley Act
I have seen a lot of people trying to pin this on Clinton, saying he voted for it as president. Take a look at the name, this was a republican bill that overturned parts of the Glass-Steagall Act of 1933.

The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation. Some provisions such as Regulation Q that allowed the Federal Reserve to regulate interest rates in savings accounts were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999 by a bipartisan, conference committee version of the Gramm-Leach-Bliley Act signed by President Bill Clinton


This bill passed on almost party lines: Gramm-Leach-Bliley Act

Phil Gramm is McCains economic advisor and was an author of the bill, this is an obvious republican bill.

The Community Reinvestment Act (CRA)
Despite Clinton strengthening CRA, it originally came into effect in 1977. Over half of modern sub-prime loans come from mortgage companies beyond the reach of CRA. In fact, you may notice that lenders have not pointed a finger at CRA because there has not been a significant default rate for this class of loan.

Conservative economists claim that the CRA encouraged risky lending and the development of the subprime debacle, but this is disputed, as Robert Gordon has pointed out that approximately half of the loans were made by independent mortgage companies which were not regulated by CRA at all, and thus had no government obligation to offer credit to minorities. These companies made subprime loans at twice the rate of CRA banks. Another third of the major subprime lenders had very little CRA involvement.[8] Further, the weakening of the CRA in 2004 was followed by intensified subprime lending.
en.wikipedia.org...



reply posted on 24-9-2008 @ 12:09 AM by MoothyKnight
reply to post by TheAgentNineteen


The article never says that right wings are phony patriots he says he got attacked by phony right wing patriots. And yes all right wings are not phony patriots



reply posted on 24-9-2008 @ 06:12 AM by T0by
Originally posted by sos37
Originally posted by Jim Scott

However, I am comforted in knowing that former president Clinton and the democratically-controlled congress were the ones who signed the laws into effect that permitted the present fiasco to happen.



Finally, someone who knows what the hell they are talking about when placing the blame for this mess. It was Clinton who signed the laws into effect which created this mess. Did you know that Bush tried 17 times in 2008 alone to correct the situation but Democrats in Congress refused to allow him to pass his measures because they were too busy fattening their wallets!?

Here's the press release:

For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.


Source: www.whitehouse.gov...

[edit on 23-9-2008 by sos37]



Don't you love the timing of that info coming out from the whitehouse page:



For Immediate Release Office of the Press Secretary September 19, 2008


Upon reading that link i'm largely unimpressed. It looks mostly like brief mentions of the issue without any real action.
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