Archive for the ‘Wall street’ Category


Gerald Celente Art Bell Coast Jeff Rense America trends for 2009 Max Keiser US Treasury Bonds dollar banks china financial crisis recession depression decline economy economic collapse meltdown federal reserve Ron Paun Alex Jones Peter Sciff Jim Rogers wall street capital bailout car industry Chrysler stock market ron Paul


warrenbuffet101.Blogspot.com For More on Buffet http warrenbuffet101.Blogspot.com http Ron Paul Peter Schiff Warren Buffet Obama glenn Beck gerald celente warren buffet marc faber jim rogers gold silver money dollar max keiser lou dobbs bob chapman alex jones david icke economy collapse downturn fall stock marcket wall street trader gloom doom


Gerald Celente on Glenn Beck 14 Feb 2009 Gerald Celente Glenn beck Global Economic Meltdown America trends for 2009 Max Keiser US Treasury Bonds dollar banks china financial crisis recession depression decline economy economic collapse meltdown federal reserve Ron Paun Alex Jones Peter Sciff Jim Rogers wall street capital bailout car industry Chrysler stock market ron Paul


warrenbuffet101.Blogspot.com For More on Buffet http warrenbuffet101.Blogspot.com http Ron Paul Peter Schiff Warren Buffet Obama glenn Beck gerald celente warren buffet marc faber jim rogers gold silver money dollar max keiser lou dobbs bob chapman alex jones david icke economy collapse downturn fall stock marcket wall street trader gloom doom


On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. “There was literally a pause in that room where the oxygen left,” says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars’ worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. “Rumors are such that they can just plain put you out of business,” Bear Stearns’ former CEO Alan “Ace” Greenberg tells FRONTLINE. The company’s stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. “It was clear that this had to be contained. There was no doubt in his mind,” says Bernanke’s colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. “He more than anybody else appreciated what would happen if it got out of control,” Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank jpmorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns …


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