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Wall Street Bank Run
- Text size
David Ignatius
Washington Post
February 21, 2008
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| A bank run, April, 1933, during the last Great Depression. | |
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It doesn’t look like an old-fashioned bank run because it involves the biggest financial institutions trading paper assets so complicated that even top executives don’t fully understand the transactions. But that’s what it is — a spreading fear among financial institutions that their brethren can’t be trusted to honor their obligations.
Frightened financiers are pulling back from credit markets — going on strike, if you will — to escape the unraveling daisy chain of securitized assets and promissory notes that binds the global financial system. As each financier tries to protect against the next one’s mistakes, the whole system begins to sag. That’s what we’re seeing now, as credit market troubles spread from bundles of subprime residential mortgages to bundles of other kinds of debt — from student loans to retailers’ receivables to municipal bonds.
Investors are nervous because they aren’t sure how to value these bundles of securitized assets. So buyers stay away, prices fall further, and the damage spreads.
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February 23rd, 2008 at 4:20 pm
Now if some of those bastards felt sorrow or compunction they might throw themselves out of the nearest window, and some good could come out of this. Who needs money I’m a creative bastard I’ll trade my art or electrical skills for barter and so on. I hope the whole s--- and shebang goes up in flames, you greedy pukes. I have access to fresh meat and vegetables all year round baby. I catch you in my bean garden you’ll get some rocksalt in your ass, NWo or not.
February 23rd, 2008 at 4:54 pm
You got it brother Aaron. The elite got to be elite by being greedy. Human greed is the primal fuel for human suffering. It is evil and ignorant. Most don’t even recognise greed in themselves. The elite are like stick chasing dogs and somebody needs to train them to not crap on the floor. Ultimately evil always consumes itself.
February 23rd, 2008 at 5:11 pm
Apostle Paul, over 2000 years ago, Written in the Bible :
THE LOVE OF MONEY IS THE ROOT OF “ALL” EVIL.
February 23rd, 2008 at 5:22 pm
response to mark c…
“so you think that money is the root of all evil. have you ever asked what is the root of all money?”
–ayn rand
February 23rd, 2008 at 5:38 pm
one only need to look at the soaring price of gold & silver to see how dangerous this suitation really is.
My money is in mostly in gold, silver, oil and swiss francs, so I am unhappily profiting from americas financial demise.
February 23rd, 2008 at 6:14 pm
Well here in northern michigan we are fighting off a potential concentration camp through a private company called Sovereign Deed. Go to northernmichiganupdate.com click on the message board and In The News and read it. So far we are winning, but they are planning on building 100 of these around the US, one near you?
February 23rd, 2008 at 6:45 pm
Rabach : One in Taylor, TX…reports have circulated on the net, in the paper, etc that children are being separated from their familes…being molested and reports of them being RAPED! This is no BS. The governmenbt will not allow a third party investigative team access.
February 23rd, 2008 at 7:46 pm
Please be prepared for 5 to 6 bucks a gallon this summer.
February 23rd, 2008 at 7:49 pm
Federal Reserve SCRIP…backed by ” force “, NOT value, and that force
is the U.S. Secret Service with the help of a police
state mentality that says, ” Accept this worthless paper
pegged to NOTHING, surely not gold, silver or scrambled
eggs, just good old American force.
The Roman Empire fell when it’s military machine fell into economic ruin and its worthless
coinage of cheap molten iron, was not accepted in lieu of copper, silver and gold coinage.
Like our worthless paper, the Roman molten iron coins could not be converted into
anything of value. Other countries were seen as a store of value .
The Romans literally got sick from the bastardized , and feindish blend, of debaucherized
values that internally caused a swell of resentment and internal rebellion against Rome.
” Internalized War ” will destroy the United States of America just like Rome.
” War is the only situation where you can be absolutely sure about your position with
another human being or Government. ….There are no innuendo’s in war. “…Arduth Bay
February 23rd, 2008 at 7:57 pm
Arduth Bay Says:
February 23rd, 2008 at 7:49 pm
Federal Reserve SCRIP…backed by ” force “, NOT value, and that force
we need a patriot currency, backed by labor or trade.
patriot bucks. not legal tender.
February 23rd, 2008 at 8:28 pm
Ronald Regan appointed Alan Greenspan and during his tenure at the Fed the USA has gone from the largest creditor nation to the largest debtor nation in the world. His replacement Bernanke was groomed by his master Greenspan. This is the fall of Modern Rome (USA) and our currency has become wampum. Most of our currency is in the form of electric credits that works its way down the food chain through the largest banks and brokerage firms and it buys politicians and gobbles up utility companies, coal companies, water rights and anything of worth. The elite of wall street owns you and they can shift their massive wealth into euros, swiss franks, gold and silver while we face hyper-inflation with a more and more worthless currency..
February 23rd, 2008 at 8:32 pm
amm1972 Mark C didnt say money is the root of all evil, he said “THE LOVE OF MONEY” is the root of all evil, theres a difference. Having money and loving money is not the same thing.
February 23rd, 2008 at 8:45 pm
So what , Z.O.G. , what , are they taking over the world? There are just as many people trying to do that WHO ARE NOT JEWISH!! You stand with the Jews and Israel and against the dividing of Jerusalem and you have a MUCH BETTER CHANCE at life preservation, than if you don’t. Since the beginning of time evil men have tried to wipe out the Jews, It will never happen for their God is the one true God. I also agree with Richard…this is the fall of the Revived Roman Empire (USA)…straight ahead….battle of Armageddon and the return of the Lord Yeshua ha Mashiach…(not Barak Hussein Obama). The book of Revelation says that (soon) in the future it will take a DAY’S WAGES to buy a LOAF OF BREAD……if we do the math we’ll see we are headed there. Great depression anyone? Gasoline thru the roof? Homeless people because of using their homes as greedy ATM machines? Prepare to meet the Lord Jesus.
February 23rd, 2008 at 9:05 pm
money is not the root of all evil, its the LOVE of MONEY…
NWO LOVE it because it buys them POWER…
Come QUICKLY LORD JESUS COME!
February 23rd, 2008 at 9:16 pm
Actually Tina, they print it for themselves for free, and charge us illegal interest on illegitimate loans. Google videos “Money Masters”, and Alex Jones “Comprehensive Annual Financial Reports”.
February 23rd, 2008 at 9:26 pm
And to think Ron Paul took all that $20 million in campaign contributions and threw it down the drain by not running as an independent……..
Wall Street won’t change, and neither will politicians.
February 23rd, 2008 at 9:34 pm
Money Masters”, and Alex Jones “Comprehensive Annual Financial Reports”.
They are very good, I have the dvd’s, my wife copies them and I hand them out on the street all across this country!
February 23rd, 2008 at 9:58 pm
14
T.J. Says:
February 23rd, 2008 at 8:45 pm
So what , Z.O.G. , what , are they taking over the world? There are just as many people trying to do that WHO ARE NOT JEWISH!! You stand with the Jews and Israel and against the dividing of Jerusalem and you have a MUCH BETTER CHANCE at life preservation, than if you don’t. Since the beginning of time evil men have tried to wipe out the Jews, It will never happen for their God is the one true God. I also agree with Richard…this is the fall of the Revived Roman Empire (USA)…straight ahead….battle of Armageddon and the return of the Lord Yeshua ha Mashiach…(not Barrack Hussein Obama). The book of Revelation says that (soon) in the future it will take a DAY’S WAGES to buy a LOAF OF BREAD……if we do the math we’ll see we are headed there. Great depression anyone? Gasoline thru the roof? Homeless people because of using their homes as greedy ATM machines? Prepare to meet the Lord Jesus.
13
truthnow Says:
February 23rd, 2008 at 8:32 pm
amm1972 Mark C didn’t say money is the root of all evil, he said “THE LOVE OF MONEY” is the root of all evil, there’s a difference. Having money and loving money is not the same thing. [Should we hate it instead? If you hate it, do you just throw your money into the wind? If you do why go to work?]
12
Z.O.G. Says:
February 23rd, 2008 at 8:32 pm
The last three Chairman of the Federal Reserve Board of Governors have all been Jews.
Benjamin Bernanke – Jewish [Z.O.G. aren’t they Kazars who pose as Biblical Jews?]
Alan Greenspan – Jewish
Paul Volcker – Jewish
11
richard Says:
February 23rd, 2008 at 8:28 pm
Ronald Regan appointed Alan Greenspan and during his tenure at the Fed the USA has gone from the largest creditor nation to the largest debtor nation in the world. His replacement Bernanke was groomed by his master Greenspan. This is the fall of Modern Rome (USA) and our currency has become wampum. Most of our currency is in the form of electric credits that works its way down the food chain through the largest banks and brokerage firms and it buys politicians and gobbles up utility companies, coal companies, water rights and anything of worth. The elite of wall street owns you and they can shift their massive wealth into euros, swiss franks, gold and silver while we face hyper-inflation with a more and more worthless currency..
10
simpleman1776 Says:
February 23rd, 2008 at 7:57 pm
Arduth Bay Says:
February 23rd, 2008 at 7:49 pm
Federal Reserve SCRIP…backed by ” force “, NOT value, and that force
we need a patriot currency, backed by labor or trade.
patriot bucks. not legal tender.
9
Arduth Bay Says:
February 23rd, 2008 at 7:49 pm
Federal Reserve SCRIP…backed by ” force “, NOT value, and that force
is the U.S. Secret Service with the help of a police
state mentality that says, ” Accept this worthless paper
pegged to NOTHING, surely not gold, silver or scrambled
eggs, just good old American force.
The Roman Empire fell when it’s military machine fell into economic ruin and its worthless
coinage of cheap molten iron, was not accepted in lieu of copper, silver and gold coinage.
Like our worthless paper, the Roman molten iron coins could not be converted into
anything of value. Other countries were seen as a store of value .
The Romans literally got sick from the bastardized , and fiendish blend, of debaucherized
values that internally caused a swell of resentment and internal rebellion against Rome.
” Internalized War ” will destroy the United States of America just like Rome.
” War is the only situation where you can be absolutely sure about your position with
another human being or Government. ….There are no innuendo’s in war. “…Arduth Bay
8
Danny Says:
February 23rd, 2008 at 7:46 pm
Please be prepared for 5 to 6 bucks a gallon this summer.
7
THE LOWERY Says:
February 23rd, 2008 at 6:45 pm
Rabach : One in Taylor, TX…reports have circulated on the net, in the paper, etc that children are being separated from their families…being molested and reports of them being RAPED! This is no BS. The government will not allow a third party investigative team access.
6
rabach Says:
February 23rd, 2008 at 6:14 pm
Well here in northern Michigan we are fighting off a potential concentration camp through a private company called Sovereign Deed. Go to http://www.northernmichiganupdate.com, click on the message board and In The News and read it. So far we are winning, but they are planning on building 100 of these around the US, one near you?
5
woody in nova Says:
February 23rd, 2008 at 5:38 pm
one only need to look at the soaring price of gold & silver to see how dangerous this situation really is.
My money [your wealth, not your money since you exchanged it] is in mostly in gold, silver, oil and swiss francs, so I am unhappily [Why are you sad if you profit? This is a strange psychology.] profiting from Americas’ financial demise.
amm1972 your response (2.23.08 5:22 pm Post #4) to mark c…
“so you think that money is the root of all evil. have you ever asked what is the root of all money?”
–ayn rand. Is a good point. Furthermore Mark C. should axiomitize (to coin a word) what he means by evil.
3
Mark C. Says:
February 23rd, 2008 at 5:11 pm
Apostle Paul, over 2000 years ago, Written in the Bible :
Mark C You wrote: “THE LOVE OF MONEY IS THE ROOT OF “ALL” EVIL.” Mark C, money is used for
Transactions. If we did not use it, then we could all barter with each other. This is more in efficient, since you have to transport goods all over the place to complete a transaction to get what you want. So the love of something that leads to efficient exchanges is evil, then loving anything that makes life easier or better is evil. So evil is what makes life better? Think deeply about what you write Mark C. This “wisdom” you quote is useless. Prove me wrong.
2
Canyon Ranger Says:
February 23rd, 2008 at 4:54 pm
Canyon Ranger you wrote: “You got it brother Aaron.” What do you agree with that Aaron W wrote?
Canyon Ranger do you want Population Reduction [as the Elites want]?
Or do you desire to see the “system” to go up in flames?
Canyon Ranger you wrote “The elite got to be elite by being greedy.” Canyon Ranger go to Alan Watt’s website to learn how the Elite got that way: http://www.CuttingThroughTheMatrix.Com
Canyon Ranger you wrote: “Human greed is the primal fuel for human suffering. It is evil and ignorant. Most don’t even recognize greed in themselves.”
Canyon Ranger, if you live on a small farm and grow food do you want just a bare minimum for your survival, or would you like more bountiful harvests so you could save some for the future. If it is the latter, then you too are “greedy.” The concept of being “Greedy” is really a socialist [Communist] concept about how much you need, where others will decide this for you.
1
Aaron W Wrote: February 23rd, 2008 at 4:20 pm
“Now if some of those bastards felt sorrow or compunction they might throw themselves out of the nearest window, and some good could come out of this.”
[Aaron why do you believe in what the Elites want; that is dramatic population reduction? If someone commits suicide and this reduces the population by one person and you think this is good, then you believe this. Why?]
Aaron W you wrote: “Who needs money”
[You can do this in the small scale. But how will you pay your rent or make your house payment? Banks do not accept barter. If you bartered with your landlord for your rent, how will the landlord pay their property taxes and mortgage payment? Local tax offices do not accept barter. Neither do banks. Another option would be for You to live in your vehicle, but then growing anything will be difficult and how will you purchase gasoline; can you barter for it? Also how will you pay your license fees for your automobile? Eventually by avoiding FRNs you will find yourself in a fight with the minions of the Bankers. If you “owned” your property, how would you pay your property taxes [the Government really owns the property, since if you stop paying your property taxes, then you will be evicted from the land]? With the coming hyperinflation your [small plot that today might be worth $5,000] land could have a stated value of say $5 Million Dollars so the property taxes could then be unpayable at $10,000 per month or so.]
Aaron W you wrote: “I’m a creative bastard I’ll trade my art or electrical skills for barter and so on. I hope the whole s--- and shebang goes up in flames, you greedy pukes.”
Aaron W, if you hope for literal flames, then factories would be gone, so where would the products you need come from? If you hope for figurative flames, that is numerous bankruptcies, then businesses would not operate. Either way you will not get what you want if that happens. Do you want to not get what you want? You only like the entertainment value of this occurring not the consequences.
Aaron W you wrote: “I have access to fresh meat and vegetables all year round baby.”
Where would you get these? Do you steel these things from a Farm?
Aaron W you wrote: “[If] I catch you in my bean garden you’ll get some rocksalt in your ass, NWO or not. “ Obviously this is “your” property your defending, so you obviously want the system that gives you a right to occupy this land to continue, but with only barter the minions will eventually come to evict you or kill you. Think very carefully Aaron W.
I recommend that you listen to Alan Watt at http://www.CuttingThroughTheMatrix.Com, he will enlighten you.
February 23rd, 2008 at 10:50 pm
RON PAUL SHOULD HAVE BEEN AROUND 1913.$.04 ON A DOLLAR?HE SAID WHAT NEEDED TO BE SAID IN FRONT OF FIN. COMM..,BUT WAY TO LATE.NOBODY HAS SAID s--- THE LAST 95 YRS ?? SO SADD PENGUIN@MICH.
February 25th, 2008 at 11:14 am
all we have to do is print up another currency, I mean it’s only paper anyways.
but, when the fed crahes, we’ll back the patriot bucks with labor or trade, sort of an IOU, bearer can demand labor at anytime and or pass it on and the new bearer can demand labor from the giver.
the only real value to a fed note is in your mind. so in all actuality, a patriot dollar will be worth more then a fed note
February 25th, 2008 at 5:19 pm
When a sitting president of the United States has the unmitigated gall to say the Constitution is just a piece of paper,( which he has sworn under oath to protect ) and has stated there ought to be limits on freedom why is it we are dumbfounded when those working with him are allowed to run amok? Because the general population are basicly permantly in a comotose state, being spoon fed drivel via the major network news rotting their brains, they know no better. It is up to the few now!!!! as it was in the 1770`s who know the truth to forge ahead and fight the fight, to the end if necessary.
February 26th, 2008 at 3:00 am
Just everyone think for a moment.
If we went to a gold standard, one’s savings could not be evaporated by the banksters.
The banksters use the fiat paper monetary system in a way simlar to hydrological rain cycles, where water evaporates, forms into clouds and then rains down. We The People try and run outside and capture this rain in pails that are full of holes by law, but the banksters have built a complex water run off collection network.
Think for a moment, a real silver or even a gold coin when locked in a vault does not gain or lose weight at the bankster’s whims. They can’t shave it down while you sleep and even 20 years later it still weighs the same. Lets see now, a real siler dollar is now worth about $18.00, but that same paper buck is only a paper buck worth about 4 cents due to inflation.
Now the banksters would not like for money to be backed 100% by actual gold bullion or silver for one(1) reason only. That reason is because they can’t get their greasy hands on actual bullion that’s locked away in a vault while the owner sleeps. Ahh, but through the magic of fiat paper money and inflation tax, your savings can be siphoned off as you sleep, simply when the bansters move the “00″ back and forth at the central banks.
This is an absolute fact! Try this. Place a real silver coin in a tin can for a year. Weigh it before and after and I guaratee you it will have the same weight and will buy as much if not even more 20 years later. With fiat paper you will ALWAYS come up short and this is the bankster’s intent, lie and rigged game. It works better than selling highly addictive drugs for a profit and it most certainly leads to insanity, distruction of morals, ruins family values and is probably the biggest killer of the human soul and freedom. Sometimes I think it’s as bad as trafficing children the way fiat money robs the world, breaks hearts and seems to justify the mass insanity we are see today.
Very sincerely
February 26th, 2008 at 4:53 am
500 DOLLARS FOR A BIG MAC????
February 26th, 2008 at 6:22 am
man cannot serve God and mammon (mammon being money)
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