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Signs of Intelligent Life in D.C. - Washington Finally Questions Treasury Dictator Henry Paulson
9.23.2008 Updates, Breaking News:
Wall Street Wash-Out: Bush Tries To Calm A Worried World at UN Assembly
http://newsdaily.com/stories/tre48m8mb-us-un-assembly-news/
Wall Street Extends Losses
http://newsdaily.com/stories/tre48m8zw-us-markets-stocks5/
Pressure Cooker Theme Reiterated Again By Bernanke - ( Why The Rush?)
http://newsdaily.com/stories/tre48m69o-us-financial-bailout-congress-bernanke5/
"Action by Congress is urgently required to stabilize the situation and
avert what could otherwise be very serious consequences for our financial
markets and our economy," - Ben Bernanke 9.23.2008
Fed Tries To Avert A Run on Money Market Funds
http://www.mercurynews.com/personalfinance/ci_10513538?nclick_check=1
Paulson's Comments Carry Tone of Urgency
http://www.msnbc.msn.com/id/21134540/vp/26787924#26853498
See: http://www.salon.com/opinion/greenwald/2008/09/22/paulson/index.html
"Watching Washington rush to throw taxpayer money at
Wall Street has been sobering and a little frightening."
- Newt Gingrich
Apparently I was not the only citizen journalist who was alarmed by the lack of public discourse involved in the hasty decision over the weekend to bail out failed Wall Street investment banks with 3/4 of a trillion dollars in taxpayer money. Finally, Washington D.C. is showing signs of coming out of political and financial super shock.
"In my lifetime I have never witnessed such a cavalier moment as when it was decided that US taxpayer money would be used to rescue the fallen kings of Wall Street, whose failures stemmed from their own poor judgment in assessing massive value to huge blocks of questionable, possibly fraudulently acquired C grade mortgages." - wiki author CKH
These were cleverly renamed as "mortgage backed securities" and the in vogue "flavor of the season" investment product for NYC investment banks and commercial banks around the world. The dirty underbelly has been that millions of these mortgages were acquired using deliberately inflated and doctored up home appraisals, false income statements, doctored net worth statements, and every other kind of imaginable financial deception to push the mortgage through. Countrywide, once the largest mortgage lender in America, led the pack of crooked and corrupt mortgage lenders. Why on God's good earth would D.C. finance men want to reward the same companies who participated in this shameful scheme by bailing them out now that the chips have fallen squarely on the Wall Street investment banks?
Ron Paul Presents A Voice of Reason In A Sea of Financial Double-talk
The fallout from the collapse of these mysterious "MBS" financial products has been devastating. But no one really knew just HOW devastating until the oldest investment bank king pins on Wall Street began to finally topple. Here is my question: Why should the federal government reward the excesses of these investment bankers by bailing them out and re-purchasing 3/4 trillion dollars in bad loans with money earned by American taxpayers labor? What is wrong with this picture? Why does D.C. believe that reckless poor judgment and playing more fiscal Russian roulette with these bankrupt MBS loan scurities should be rewarded?
Hocus Pocus? New financial terms you may have never
heard before in the US mainstream media:
"complex securities fire sale price"
"housing correction"
"write-downs"
"no active market for write-downs"
"hold to maturity price"
"frozen credit markets"
Here's the new phrase I like the most:
"fundamental reform of the financial industry"
Wall Street has been sobering and a little frightening."
- Newt Gingrich
Apparently I was not the only citizen journalist who was alarmed by the lack of public discourse involved in the hasty decision over the weekend to bail out failed Wall Street investment banks with 3/4 of a trillion dollars in taxpayer money. Finally, Washington D.C. is showing signs of coming out of political and financial super shock."In my lifetime I have never witnessed such a cavalier moment as when it was decided that US taxpayer money would be used to rescue the fallen kings of Wall Street, whose failures stemmed from their own poor judgment in assessing massive value to huge blocks of questionable, possibly fraudulently acquired C grade mortgages." - wiki author CKH
These were cleverly renamed as "mortgage backed securities" and the in vogue "flavor of the season" investment product for NYC investment banks and commercial banks around the world. The dirty underbelly has been that millions of these mortgages were acquired using deliberately inflated and doctored up home appraisals, false income statements, doctored net worth statements, and every other kind of imaginable financial deception to push the mortgage through. Countrywide, once the largest mortgage lender in America, led the pack of crooked and corrupt mortgage lenders. Why on God's good earth would D.C. finance men want to reward the same companies who participated in this shameful scheme by bailing them out now that the chips have fallen squarely on the Wall Street investment banks?Ron Paul Presents A Voice of Reason In A Sea of Financial Double-talk
The fallout from the collapse of these mysterious "MBS" financial products has been devastating. But no one really knew just HOW devastating until the oldest investment bank king pins on Wall Street began to finally topple. Here is my question: Why should the federal government reward the excesses of these investment bankers by bailing them out and re-purchasing 3/4 trillion dollars in bad loans with money earned by American taxpayers labor? What is wrong with this picture? Why does D.C. believe that reckless poor judgment and playing more fiscal Russian roulette with these bankrupt MBS loan scurities should be rewarded?
Hocus Pocus? New financial terms you may have never
heard before in the US mainstream media:
"complex securities fire sale price"
"housing correction"
"write-downs"
"no active market for write-downs"
"hold to maturity price"
"frozen credit markets"
Here's the new phrase I like the most:
"fundamental reform of the financial industry"
NR's Yuval Levin proclaimed that nobody could read through the
Paulson proposal "without concluding that everyone in Washington has lost their minds."
Paulson proposal "without concluding that everyone in Washington has lost their minds."
This story is fast breaking and will no doubt have hourly twists and turns all week, so this page will be updated daily with the
breaking news, or the breaking heartbreak of it all, depending upon one's point of view. - CKH 9.22.2008
breaking news, or the breaking heartbreak of it all, depending upon one's point of view. - CKH 9.22.2008
Links and Quotes courtesy Salon.com
Other Internet "Lab Experiments" in Truth Revealing &
Global Spiritual Unity authored by CKH include
http://goldenheart888.wordpress.com
http://heartmanifesto.wordpress.com
View most recently updated pages on 2012 Pole Shift Witness
Help this site to continue to be here and help our research to expand. Following the twists & turns of the
mainstream media as they "spin" the New World Order's secret plans into "public media news & events" is a
tireless, thankless 24-7 job. The author of this site spends about 80-100 hrs per week tracking news feeds,
press, sites, links & videos. Please support that effort! Thank you so much.
Donate via PAYPAL to Support
2012 Pole Shift Witness Research
mainstream media as they "spin" the New World Order's secret plans into "public media news & events" is a
tireless, thankless 24-7 job. The author of this site spends about 80-100 hrs per week tracking news feeds,
press, sites, links & videos. Please support that effort! Thank you so much.
Donate via PAYPAL to Support
2012 Pole Shift Witness Research
Copyright BCI / CKH 2008-3008 All Rights Reserved.
International Copyright Secured in Perpetuity.
Every effort is made to properly credit compiled articles, links, video, audio, images from other sources. 2012 Pole Shift Witness supports international copyright law protections and discourage "content theft" in all forms.
International Copyright Secured in Perpetuity.
Every effort is made to properly credit compiled articles, links, video, audio, images from other sources. 2012 Pole Shift Witness supports international copyright law protections and discourage "content theft" in all forms.
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