Fed Caused a 30% Drop in Value of IRA/401Ks of Millions of Americans!

Fed Caused a 30% Drop in Value of IRA/401Ks of Millions of Americans!

07-27-2009, 01:07 AM

#1 (permalink)

Sled Dog

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Join Date: Apr 2004 Posts: 1,576

Fed Caused a 30% Drop in Value of IRA/401Ks of Millions of Americans!

By examining activity at the New York Fed’s dealing desk, Denninger detected a huge decline in liquidity of the stock market on September 24 of 2008, three days before the equity markets collapsed. Bernanke orchestrated this collapse via huge withdrawals of liquidity at the New York Fed dealing desk. This appears to have been an attempt to pressure Congress which was deliberating the TARP economic bailout package at that very moment in time.

Obstructing and Manipulating by Bill Sardi

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Last edited by Sled Dog; 07-27-2009 at 01:09 AM..

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