The Conservative Cave
Current Events => General Discussion => Topic started by: FreeBorn on August 23, 2011, 05:50:11 AM
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This could have been posted in politics or economics. I split the difference and put it here.
We have all heard the griping and likely participated ourselves, grousing over the price of gas. Why do we bother anyway, we all know it's George Bush's fault, right? Right?
Jeff Lukens over at CFP makes the argument that there may be more to it. Makes sense to me, being that oil is a commodity which is traded on the markets like any other.
I think I'm going to have to agree with the Libtards on this one. It is all George's fault! George Soros, that is...
http://canadafreepress.com/index.php/article/39693
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On Monday, Sept 15, Lehman filed for Chapter 11 bankruptcy while other lending institutions lined up like dominoes teetering on the edge of bankruptcy. On Thursday of that week, a $550 billion electronic run on banks occurred within an hour or two, going mostly to offshore accounts. Instantly, there became a liquidity crisis within the banking industry. In an unprecedented move, the Treasury and the Federal Reserve had to act together to stop what had become a full-fledged panic. No one has ever investigated who withdrew the money or to where it went.
Maybe someone should look into this. If I remember correctly this was the major reason people like Paul Ryan voted for TARP 1.
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George, the Arabs or the Joooos.
When in doubt, always go with the Joooos, they're out numbered.