Rep. Paul Kanjorski (D-PA) was interviewed last month on C-Span and told the story of the melt down of the financial industry and the TARP. He mentioned that on September 15, 2008 in the span of about an hour there was a $550 billion run on money markets.
Does anyone recall this being reported by the media? Can you think of anyone with enough money to pull off such a stunt? Listen carefully at about 2:40 into the video.
Update: There are a lot more questions out there than answers on this. Atlas Shrugs raises quite a few questions. Why haven’t we heard about this before? Surely people knew!
There is one more context. People where really abuzz trying to stop this latest round of Obama legislation, and considerable heat was being brought to bear on this.Obama & his minions choose this C-span broadcast/interview, complete with screaming put-upon lady, so that Rep. Kanjorsky (Democrat, Pennsylvania) can tell us all just how close we came to financial panic and collapse, no doubt to stir us to support for Obama.Can there be any other reason for it. Seems to me, you’d kinda want to keep a lid on it,just like everybody did.Now, the other question that comes to my mind, is just when the Republicans went into the tank on the republic election. It is too bad we don’t have the collective memory to remember just when McCain officially threw in the towel, and whether it had any connection to this. He most assuredly would have known. Palin most assuredly would not have, in all likelihood.The Wall Street boys knew.The regulators, the Federal Reserve knew, and nary a boo, peep or squeak out of any of ‘em, until now.A Congress that can keep a secret? Pretty unheard of in this day and age. but, up til now …. .So, why bust the news now?And while I do not pretend to be on the inside of any of these nefarious machinations – it can’t help but raise a red that the US treasury department, one week after nationalizing the banks, is giving seminars in Islamic finance and George Soros is buying our assets from the FDIC.
And WTF did Chuck Schumer know and when did he know it? Read full post at Atlas Shrugs.
I call bs on this. see my anono comments on
http://www.portfolio.com/views/blogs/market-movers/2009/02/11/kanjorski-and-the-money-market-funds-the-facts
How can the fed at the drop of a hat change the FDIC policy of a 100k, not announce it or tell anyone, and have this magical outflow of money stop? or better yet freeze bank accounts overriding the bank and then give out a guarantee of 250k for all these people that know something the rest of america doesn’t know? oh and also predict who is going to pull their money out and freeze it before the account holder himself knows when he is going to pull out his own money?
if I was a guy that knew something big was about to happen do you really think a 250k guarantee would help put my mind at ease? Really if I was that connected I would have a shi*load more than a quarter mill in the bank.
The story just doesn’t work. unless I can see a PR of the FDIC changing their policy on sept 15 or have some other facts like where, or what branch of the treasury or what bank(s)…
its only getting play because kankorski is a congress man. look what I found on youtube about him.
http://www.youtube.com/watch?v=77zYUEHIHIo
(posted back in may 2008)
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Missing something very important: The draw-down occured on 9/11, not 9/15! Listen the the clip again, and he clearly states THAT THE DRAW-DOWN HAPPENED ON THURSDAY WHICH WAS 9/11!!!
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Bubba-See update 3. Kanjorksi either made it up or exaggerated.
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you are a complete imbecile. you think the Rep. is fabricating a story about the mother of all bank runs to stir up support for Obama? And you think that crazed, ill-informed woman was planted? Get a life.
Maybe its just me, but didn’t he praise the administration (Paulson/Bernanke) for preventing the global collapse of the modern world? Sounds like a pretty fair assessment to me.
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Very little buzz about this anywhere in media or even the Internet in the aftermath Kanjorski’s revelations. You finally asked the question that no one else dared or think to posit: Who was behind this financial attack? That is what it was… one very wealthy person or a concerted effort to threaten the economy, and trigger the current crisis. Anyone powerful enough and well-positioned to yank over half a billion from the system over an hour or two of time is likely capable of destroying the global economy. I would think that the goal was to burst the bubble and act as the tipping point for this crisis, which has some other purpose in mind (perhaps a global reserve currency in place of the US dollar and a diminution of American power to advance the long-term desire of the globalists).
Here is a bit of insight that no one yet has advanced: We know who did it. First, we watch so closely that we pull the plug to stop the run on the banks. So we certainly investigated who moved the money. The sobering thought then becomes that whoever did it, is not being named. A lot of hush. This implies to me that someone has a firm and unmovable hand on our collective throat, that they are still poised to finish what they threatened to do to the economy, and that whatever actions we now are taking in addressing the crisis, are likely the actions they engineered. Whatever comes out of this, it will serve those who planned it.
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I don’t think he was wrong; I have only anecdotal evidence, things I was experiencing and overhearing at that time, from ‘people who know people’. And because it was said and overheard at the time, not after the fact or after this story came out, I don’t discount it. One of those things you can’t really articulate, but you can feel is true (OMG!! I JUST SOUNDED LIKE A LIB!!)Interesting, anyway, and something to look for as we cull through the opinion and ‘news’ going forward.
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It all makes you wonder. Part of the strategy of manufactured crisis? Obama just said (again) today that things are going to get worse. That’s one thing he’s honest about. Thanks to him, things will get worse.
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Most of what they are doing is manufactured crisis, do you agree? As long as we are teetering on the edge of CATASTROPHE! DEPRESSION! they can just shove through all of this stuff and The People are kept in a perpetual state of terror and agree that we must do something, anything. Every time things start looking up, they get on tv and talk about how it’s going to get worse before it gets better. They certainly seem to want to keep optimism down.
If one of those ‘people who know people’ is willing to talk, I’ll send you a note on it. So far they are being really cautious about what they say (brown shirts, anyone?) It was an unusual activity that they could see, so unusual they were all talking about it. Followed by Obama’s incredible disinterest for a person ‘surprised’ by this (call me if you need me; I can do more than one thing at a time…). It’s very telling that they had, pretty much, no reaction to this thing that came as a huge shock to everyone else in the world. That alone is creepy-interesting.
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They’re either the dumbest people in the world, or the most diabolical. Possibly both.
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I agree that this is not some diabolical plot, but you’ve heard Obama, Hilliary and Rahm Emanuel say: “You never want a serious crisis to go to waste”. Why? Very simple! When there is a national crisis, people call on the government to solve it, which of course means the government passes laws to solve the problem. Which of course means more government control and you can’t make socialism work if you don’t have control of people’s lives. As the last few month has made this self evident. So do I believe they (Dem’s) planned the run on the banks? NO! But do I believe that some part of the Obama organization was trying to create a crisis. YES! As they are now!
So as Thomas Jefferson said , “Who will govern the governors? There is only one force in the nation that can be depended upon to keep the government pure and the governors honest, and that is the people themselves. They alone, if well informed, are capable of preventing the corruption of power, and of restoring the nation to its rightful course if it should go astray. They alone are the safest depository of the ultimate powers of government.”
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THE ONLY PERSON WITH THE ASSOCIATIONS (CURRENCY TRADERS), MONEY,AND MOTIVIVE IS GEORGE SOROS, WHO IS MAKING A KILLING OFF THE BACKS OF AMERICANS. I BELIEVE HE ALSO DID SOMETHING SIIMULAR IN GREAT BRITIAN.
WHAT I DON’T UNDERSTAND IS WHY NO ONE WANTS TO FIND OUT WHO MADE THE RUN.
IAM NOT INTO BEING PARANOID BUT I GOT TO THINK THAT A THINKING PEOPLE WOULD WANT TO KNOW WHO ATTACKED THE USA AND IF IT IS EVER FOUND OUT WHO, THEY SHOULD BE TRIED AND SHOT!!!!!!!!!!!!!
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