SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Snowshoe who wrote (55215)1/23/2010 3:08:07 AM
From: elmatador1 Recommendation   of 217580
 
They just stopped a bank run at the last months of Bush administration. Handed over the economy in a terrible state to Obama to make sure he would be finished in a couple of years.

Let's refresh some memories here.

September of 2008 was a panicky, defining moment in this crisis when in just one week people withdrew $144.5 billion from money market accounts versus $7.1 billion the week prior to it. In a dramatic meeting on September 18, 2008 Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke met with key legislators to propose a $700 billion emergency bailout. Bernanke reportedly told them: "If we don't do this, we may not have an economy on Monday." [7]

But that was not enough to arrest the downward slide of economy. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth.

By early November 2008, the S&P 500, a broad U.S. stock index, was down 45 percent from its 2007 high. To offset this decline in consumption and lending capacity, the U.S. government and U.S. Federal Reserve have committed $13.9 trillion, of which $6.8 trillion has been invested or spent, as of June 2009. In effect, the Fed has gone from being the "lender of last resort" to the "lender of only resort." [8]

usa.mediamonitors.net

Yes, the finance community set all the conditions for this administration to get the seeds of its own demise.

You need to add two on going wars. Finance and military-industrial complexes make sure Obama fails.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News