Pretty Narly stuff as my buddy Clay covered over the weekend as well in his post here and then another good one on the effect it had on the subsequent election and he also was on top this mentioning it to me the night after Rush had this all on his show that afternoon.
Rep. Kanjorski Drops Bomb... US Financial System Was Attacked On September 11th:Updated information, we're a little behind on this as Maggies notebook points to Pat Dollard who's blog reports this regarding the crazy video that sure sounded ominous and turns out not quite as it appears, or not at all actually:
Gateway Pundit: Woah!...Catastrophic Financial Attack On 9-11 Caused Economic Meltdown!
Rep. Paul Kanjorski (D-PA) told CSPAN: 'It would have been the end of our economic and political system.'
The catastrophic attack occurred on September 11, 2008?
Why is this news just now getting out?
Capitalism Gone Wild reported:Rep. Paul Kanjorski of Pennsylvania explains what former Treasury Secretary Paulson and Fed Chairman Bernanke told congress during the September 2008 closed door session. During the first third of the video an enraged caller is ranting to Rep. Kanjorski about how wasteful the first $700 billion bailout was. The best part is 2 minutes and 15 seconds into the tape where Rep. Kanjorski reveals what Paulson and Bernanke told congress that shocked them into supporting the first $700 billion bailout.
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 $5.5 Trillion would have been withdrawn and the entire economy of the United States would have collapsed, and within 24 hours the world economy would have collapsed.
Rush Limbaugh commented on this bomb earlier in the week:The question is who was doing this? Who was withdrawing all this money? And the next question is why? That's where my mind starts exploding, and this is dangerous to have these explosions going this way. Could it have been George Soros? Could it have been a consortium of countries -- Russia, China, Venezuela -- countries that are eager to have Barack Obama elected because they know that will make it easier for them to continue their own foreign policies in the world?
This is all very interesting-- When President Hussein was campaigning and the 'economic crisis' hit, he did not think it pressing enough to leave the campaign trail, but now we should push through a trillion dollars in legislation without oversight because a few weeks later the King deems it urgent?
Pennsylvania Democrat reveals the financial crisis was deliberate, planned, staged:
At 2 minutes, 20 seconds into this C-SPAN video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a 'tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.' According to Kanjorski, this electronic transfer occured over the period of an hour or two."
Atlas Shrugs
Rush Limbaugh
As Rush said: "It's amazing this was said on C-SPAN on Thursday, January 27th, and nobody picked up on it."
Pat Dollard:
The plot thickens. These are the only two major media sources reporting a retort to Kanjorski, so far. There’s nowhere to go with this, but deeper. Is Kanjorski lying, or is he telling the truth and being smeared? Here’s the latest before i keep digging and then report what I find…Conde-Naste’s Portfolio.com:
Kanjorski and the Money Market Funds: The Facts
With the Kanjorski Meme still spreading (see Ben Smith, Andrew Leonard, Moldbug, and more), I think I’m finally able to squash it with some hard figures: there never was a $500 billion outflow from any asset class in the space of a couple of hours or even weeks, and the Fed never shut down or froze any money-market accounts.
This is not the first time that Kanjorski has made these allegations. But first, it’s worth going through the timeline. continued:
The wicked bitch of the west, that's a good one I'm surprised I never thought of myself, I usually call her San Fran Nan now I'll add Piglosi to the end. We need to take these people out man.
ReplyDelete