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The crisis deepens

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posted on Sep, 25 2008 @ 09:06 PM

The crisis deepens

But then came two less-than-expected developments. The first was that their plan was not immediately hailed as the savior of the U.S. economy, but came in for considerable sniping in Congress and from doubting commentators. It no longer looks like a done deal, and the markets have been sinking again as a result, despite the awful warnings that Paulson and Bernanke delivered to Congress in their testimony Tuesday.
(visit the link for the full news article)

posted on Sep, 25 2008 @ 09:06 PM
Neat. The others europeans banks are even worse off. The big ones could fail. This is a major robbery. Even the big guys like the Bilderbergers may have pushed it too far.

I think we'll see a lot more calls for a New Financial Order during this crisis and after... They already call for one a few times... in the Times Online they talked about a new world order where the US is no longer a superpower... ect...

The info from Bilderberg was that they would call for an international body, a new UN part, to control banks around the world.
(visit the link for the full news article)

posted on Sep, 25 2008 @ 09:16 PM
This lines right up with the UN calling for a Global Leader ..

UN chief calls for 'global leadership'
UN chief Ban Ki-moon on Tuesday stressed the need for "global leadership" as he pressed world leaders not to pursue narrow national interests in the face of hard economic times.

"I see a danger of nations looking more inward, rather than toward a shared future," he said at the opening of the UN General Assembly's annual debate.

He spoke of a "challenge of global leadership" to tackle the world's worsening financial, energy and food crises.

"We see new centers of power and leadership -- in Asia, Latin America and across the newly developed world," Ban told more than 120 heads of state or government, including Presidents George W. Bush of the United States and Nicolas Sarkozy of France.

"In this new world, our challenges are increasingly those of collaboration rather than confrontation," he added.

"Nations can no longer protect their interests, or advance the well-being of their people, without the partnership of the rest."

On the world's current financial crisis, the UN secretary general stressed the need to "restore order to the international financial markets".

Global Leader,Global money system ...
I knew it wasnt gonna end here with just our country .

posted on Sep, 25 2008 @ 09:24 PM
I'll say:

The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation. It dissolved into a verbal brawl in the Cabinet Room of the White House, warnings from an angry president and pleas from a Treasury secretary who knelt before the House speaker and appealed for her support.


What is going on in Washington? The whole place sounds like a mess.

posted on Sep, 25 2008 @ 09:28 PM
Crisis? Wait until all of these mergers and buy-outs are ratified and the
bank routing numbers (that's the 9 digits at the bottom of your checks)
start changing. We had one bank get bought out locally and suddenly
people's checks and auto-payments from their checking/savings
accounts started bouncing. Some bank customers are still trying to
get their credit repaired after the mortgage, car note, etc.. didn't get
paid on time. The CHASE takeover of Washington Mutual will cause
a lot of headaches, and worse, if it's rushed through before the
software is programmed.

With so many of these buy-outs in the works, the potential for great
harm to millions of businesses and families in this computer age is
a real (and frightening) possibility, IMO. -CWM

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