The US 3 hours away from martial law, and complete economic/political collapse.

[blazee]

Well, now we know what was said behind closed doors to get the first bailout approved.

[thrasher]

Originally Posted by blazee

Well, now we know what was said behind closed doors to get the first bailout approved.

"we're not any geniuses in the financial/economic sector, we're just representatives of the people." That's funny shit

Surprisingly candid talk about the bailout, and he's completely right about the money market. Had that money been drawn out in such a short period of time, our entire economy would have collapsed. An economy cannot function without lending ability. That's damn scary stuff

[blazee]

Originally Posted by thrasher

That's damn scary stuff

Yeah, especially when you start to think about who might have done it. It's someone with enough power over us to wreck our economy within 3 hours, and willing to crash the world economy just to take a shot at us. Wonder if they'll ever tell us who did it? I'm not going to hold my breath.

[HotZ28]

Just wondering if this vanishing money had something to do with the crash of Lehman Brothers on Sunday 9/14/08? Three days later, 550-billion disappears! (More than a coincidence)? The “electronic trigger” that spurred the massive withdrawal was probably related to any account that had deposits in excess of what they were insured for by the FDIC.

At the end of August, Lehman had $600 billion of assets financed with just $30 billion of equity. Do the math! Having so little capital meant that only a 5% decline in assets would wipe out the value of the company, which investors saw as a real risk due to the company's billions of dollars of mortgage securities.

Lehman Brothers Bank is headquartered in Wilmington, Delaware and is a member of the Federal Home Loan Bank System. Lehman Brothers Bank's deposits are insured by the Deposit Insurance Fund, which is administered by the Federal Deposit Insurance Corporation (FDIC).