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Originally posted by David9176
It's starting to sound like it. Something happened and we aren't being told what the real facts are. Bah, i wish i could find more info on this.
Money market funds insurance and short sales prohibitions
On September 16, the Reserve Primary Fund, a large money market mutual fund, lowered its share price below $1 because of exposure to Lehman debt securities. This resulted in demands from investors to return their funds as the financial crisis mounted. By the morning of September 18, money market sell orders from institutional investors totalled $0.5 trillion, out of a total market capitalization of $4 trillion, but a $105 billion liquidity injection from the Federal Reserve averted an immediate collapse. On September 19 the U.S. Treasury offered temporary insurance (akin to FDIC insurance of bank accounts) to money market funds. Toward the end of the week, short selling of financial stocks was suspended by the Financial Services Authority in the United Kingdom and by the Securities and Exchange Commission in the United States. Similar measures were taken by authorities in other countries. Some restoration of market confidence occurred with the publicity surrounding efforts of the Treasury and the Securities Exchange Commission
Originally posted by Grey Magic
reply to post by David9176
Maybe the same people who bought half of England's gold supply..
There is enough evidence this is all planned, the former president who spends trillions on a war about oil, combined with people like Madoff, a failing SEC, and the central banks selling their gold.
banking, stocks, and money should become the dirty words they are. [edit on 10-2-2009 by Grey Magic]