In one sentence, the reason why the 'elite bankers' have created the "credit crises"
One option is for the Fed to take the unprecedented step of issuing debt, which it would then lend on into the credit markets. Another plan is to ask the US Treasury to issue more debt which the Fed could put to work.
Source: Independent.co.uk
Showing posts with label Credit crisis. Show all posts
Showing posts with label Credit crisis. Show all posts
Thursday, 10 April 2008
Tuesday, 18 March 2008
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.
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.
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