CSPAN Rep Paul Kanjorski Reviews the Bailout Situation
June 1st, 2010 | by admin |
a1b5jj.blogspot.com Kanjorski has since tried to make the same point several more times, and Kashkari as well, but no one is paying attention, see the following: a1b5jj.blogspot.com NOTE - Kanjorski’s recollection of the dates may be inaccurate. The NYT shows the bank run as happening on the 17th 18th not the 11th. Some have alleged a 911 connection making the bank run an attack on the nation, but the failure of Lehman seems to have triggered widespread panic which accounts for the bank run. Limbaugh asserted a George Soros conspiracy theory which is pretty laughable. See this article: www.nytimes.com also a1b5jj.blogspot.com Wow, the nation’s #1 bloviating traitorius demagogue, Rush Limbaugh played this very clip on his 2/10/09 show and has a direct link to it on his website!!!! No wonder it got 30000 hits in one day! Also, Olbermann used this clip on his 02/10/09 show, maybe after hearing it on Limbaugh’s show. Olbermann’s guest commentator was skeptical about Kanjorski’s accuracy on the 550 billion number. Now quite a few news sites have links to this clip. At least, as far as I can tell the clip I posted is the only one on Youtube (though it has been cloned a few times via LiveLeak), and Olbermann featured a Youtube version which very likely is the same one I posted! WhoooHoooo! in response to the usual CSPAN hysterical caller, Rep Kanjorski gives his perspective on the bailout, it is especially interesting to hear how the money market drawdown threatened to collapse …
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No Responses to “CSPAN Rep Paul Kanjorski Reviews the Bailout Situation”
By kysmik on Jun 2, 2010 | Reply
If you want some REALLY INTERESTING reading, google “THE SECRET FINANCIAL NETWORK BEHIND “WIZARD” GEORGE SOROS” by William Engdahl. Actually, its such a scary eye opener and SO depressing, maybe you shouldn’t read it at all. ; (
By sandersz211 on Jun 3, 2010 | Reply
They do know. This is all engineered. Central banks, fractional reserve banking, debt based monetary systems, you don’t understand it because your not supposed to. Just keep listening to guys like this and give the government more power, to “save” our economy.
By shady1020 on Jun 6, 2010 | Reply
It is time we standardized the banking system. Get rid of thugs, crooks and cockroaches on Wall Street.
By BlueEagle8 on Jun 8, 2010 | Reply
Didn’t matter. Obama and McCain are two heads of the same snake.
By BlueEagle8 on Jun 9, 2010 | Reply
And what would be wrong if our Fiat Empire collapsed? This would be a good thing.
By artsnflies on Jun 12, 2010 | Reply
Don’t put it past George Soros and pals to have engineered this too to help Obama win the election. Remember by September 2008 McCaine was closing in fast on Obama in the pols!
By artsnflies on Jun 14, 2010 | Reply
My bet: China and the Saudi’s collaborated, maybe Russia too.
By joerobertsoncom on Jun 16, 2010 | Reply
At the 2:18 mark - here’s the facts - for over a year now it is amazing that we do not have an investigation on what or who did the controlled “Run” on the markets of some $500bn
By Angidebo on Jun 17, 2010 | Reply
@hesh2
Sadly yes it is…
By alphadawg44 on Jun 17, 2010 | Reply
Kanjorski is a tool, he voted to reconfirm bernanke, what else needs to be said
By brianpadraic on Jun 19, 2010 | Reply
More like the French Revolution… all hell breaking loose… and the Reign of Terror against the elite to the hilt.
By thin1966 on Jun 20, 2010 | Reply
So, the govt prevented its citizens from withdrawing their cash from their accounts? The citizens learned from the depression, take YOUR money BEFORE the crash. We live in a free country…NOT.
By jonathans8 on Jun 23, 2010 | Reply
“it would have been the end of our political system and economic system as we know it.”
what, socialism? gee. shucks.
By kenporich2006 on Jun 26, 2010 | Reply
We are living in the time of the old Chinese curse…”May you live in interesting times.”
By pelespoland on Jun 28, 2010 | Reply
His talking nonsens that Blenkfein and the rest made him believe and shit his pants,
“The world would end in 24 hours”,haha what an idiot
And it’s funny when he’s talking about that 3 or 4 trillion and saying that they only had 700 billion, what happened was the FED eventually bought all those toxic assets for probably more than 3 or 4 trillion with printed money and then….. GS had the most profitable year in history of the firm
By mrzog2000 on Jun 28, 2010 | Reply
The Bottom Line.
Bankers, who caused the problem, came to politicians, who helped them, for rescue via taxpayer money. They used the threat of the collapse of our economic system (based on fiat money) and our political system (corrupt to the core and beholden to special interest groups) to get free reign to “Save Us All) by having us pay for the continuation of the system that caused all this in the first place.
By puppetjaw on Jun 30, 2010 | Reply
@666sigma
It collapsed on the 11th - Kanjorski said it was “on Thursday at 11 o’clock in the morning” when the run on money market accounts occurred.
Who was drawing down the money markets in such huge volumes?
By puppetjaw on Jul 3, 2010 | Reply
at 4:25 he says the banks would have had to pay 3 or 4 trillion dollars for these bad assets and taxpayers would have to pay for it…hmm so buying bank equities to keep them from going bankrupt means there’s still 3 or 4 trillion dollars of bad assets out there (and counting)…doesn’t it?
Eventually the weight of this debt will bankrupt the system
By thomasucc on Jul 4, 2010 | Reply
Can the Irish Cental Bank have their money back?
By Antisemit on Jul 7, 2010 | Reply
Remember his words. The ponzi-scheme of fractional banking almost collapsed and it was rescued - this time.
But the fundamentals have not changed in any way. That means, it wil collapse one day. Use the time, to prepare yourself and your family and your children for that situation: don’t trust in paper currencies anymore. Bring your savings into safe havens.
And if you want to invest, invest in segments, that will survive and even profit from the collapse of the criminal ponzi-scheme…
By MarkMillionaireGuru on Jul 10, 2010 | Reply
Hi pn2543
I have just been watching your video and I must admit it really is very good.
I really enjoyed watching it.
Already looking forward to more of the same in the future.
Cheers to your success.
Mark McCulloch
By siesta000000 on Jul 11, 2010 | Reply
I was one of the people who contributed to the run on the money markets. There are no conspiracy theories. When the Reserve Fund “broke the buck,” I shifted all my money market investments into savings and checking accounts at banks. I did not want to be caught with worthless paper in the commercial markets.
I’m far from being a part of a conspiracy. Don’t believe everything you hear from conspiracy theories.
A run on the money markets was completely natural due to the circumstance.
By 666sigma on Jul 11, 2010 | Reply
It seems unlikely that it was during the 9/11 week. The big drops were Mondays: 9/15, 9/22 & 9/29 until 10/2.
Either way, the collapse on Wall Street was due to their gambling. i don’t believe that the US government would not know who was responsible for $550 billion electronic “run on the bank.”
If it was Soros then he was able to get his ACORN puppet in. You know. The one with the gift (for blab).
By laurierevill on Jul 14, 2010 | Reply
my husband and i have always said that happened on 9/11/08 but Rush Limbaugh started the lie that it was 9/18/08. that’s when i dropped my subscription to Limbaugh and realized he is working for the new world order. i began listening to alex jones and dr. bill deagle then. best thing i ever did!
By Oopaack on Jul 18, 2010 | Reply
And the meaning of such a monetary draw on that date would be what exactly? You connect these dates, but leave to the imagination any potential connection between them.
A bit of detail on that front would be appreciated. I’m willing to chalk it up to coincidence.