Banks face "new world order," consolidation: report

This article is featured in the mainstream news, it has now reached the point that even they are talking about the NWO.

NEW YORK (Reuters) - Financial firms face a "new world order" after a weekend fire sale of Bear Stearns and the Federal Reserve's first emergency weekend meeting since 1979, research firm CreditSights said in a report on Monday.

More industry consolidation and acquisitions may follow after JPMorgan Chase & Co on Sunday said it was buying Bear Stearns for $236 million, or $2 a share, a deep discount from the $30 price on Friday and record share price of about $172 last year.

Global stocks fell sharply on Monday, and U.S financial stocks tumbled in early trading, led by a 86 percent slump in Bear Stearns.

Financial share prices could fall further by as much as 50 percent, Oppenheimer & Co. analyst Meredith Whitney said.

Source: Reuters.com

Larger banks purchased smaller banks following the last depression of the US. Smaller banks were snapped up by the Chase Manhattan bank owned by John D Rockefeller. Incidentally, this time around JPMorgan Chase is owned by non other than David Rockefeller (he is the majority share holder).

Therefore, this current banking/sub prime/depression crisis (call it what you will) is fabricated by the leading bankers of this world in order to acquire smaller banks and their assets at a knock down price. It is also worth noting that one of the majority shareholders of the US Federal Reserve is David Rockefeller.