WASHINGTON — The government’s seizure and sale of Washington Mutual Inc. eases pressure on a federal fund that insures Americans’ bank deposits and places a high-stakes opportunity — with minimal risk — into the hands of JPMorgan Chase & Company Inc.
U.S. taxpayers, meantime, could end up shouldering billions of dollars worth of shaky mortgages and other investments that contributed to WaMu’s demise. Such a scenario assumes the massive bailout proposed by Treasury Secretary Henry Paulson, or something like it, will be approved and JPMorgan will sell WaMu’s least desirable assets to the government.
For its $1.9 billion investment, JPMorgan gets control of the nation’s largest thrift — more than 5,000 branches in 23 states. It also assumes a highly stressed loan portfolio that could result in a $31 billion write down.
While JPMorgan would be in a position to limit such a hit by taking advantage of a Paulson-like bailout plan, analysts said the bank is strong enough to shoulder the write-down on its own.
“I don’t think they need the government bailout to make WaMu work,” said Len Blum, managing director of Westwood Capital. “They have the capital, they have the strength to hold those assets and take the write down.”
Perfectly calculated risk is more like it. Anyone thinking this is an unplanned response to an unplanned crisis has some research to do.
It's been happening in the U.S. since Rockefeller used his big voice to perpetuate the collapse of the market in the early 20th century.
"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it"
-David Rockefeller
That's the New World Order he speaks of. Go back and find the YouTube video of our presidents father giving his NWO speech and tell me the hairs on your neck don't stand up. Then consider all of the invading we're doing in the name of what we're doing it in. It's the NWO, baby, and if we don't deal with it now, we will be forced to deal with it later.
In an obscure, off-handed manner, it's all right there in the abocve Rockefeller quote. Being played off as, "trying to get everyone working together." Kind of like an extremely wealthy Rodney King, "can't we all just get along."
Except I think there was truth to what King said.
Calculated risk my left cheek.
Posted by Wright_Winger on September 27, 2008 at 11:28 a.m. (Suggest removal)Gee, and I thought it was just the Bilderbergers, the Trilateral Commission and the Masons that were plotting to take over the world.
Posted by MichaelH on September 27, 2008 at 12:06 p.m. (Suggest removal)Nope. It's the bankers, buddy. The bankers employ lobbyists who employ decision makers. It's not only obvious at this point, but the records are there. You can't deny family ties, you can't deny the names that keep reappearing at the top.
You're naive to believe that this is all some gigantic coincidence. I've read your writing, I know you know better.
How's this, do the leg work and prove me wrong.
Prove me wrong in anything I've said about those who are profiting and those who are suffering. Then prove it to me that it is simply a coincidence that those who profit and those in power are one in the same
My guess is you will either not respond or you will simply dismiss me as a conspiracy theorist unworthy of your response.
Your silence will speak volumes.
Posted by Wright_Winger on September 27, 2008 at 12:15 p.m. (Suggest removal)Ho Hum
Posted by MichaelH on September 27, 2008 at 12:26 p.m. (Suggest removal)'Nuff said.
Posted by Wright_Winger on September 27, 2008 at 12:37 p.m. (Suggest removal)The "threat" of the 'New World Order' has been chronicled since the 1700's. I studied it in the 1940's and 1950's in hopes of getting in on the riches that were going to be available to those on the ground floor. The beat went on and on with only the names changing; DuPont, Mellon, Roosevelt, Kennedy, (even Hitler in some of the literature), and now the Bushes. I say "Ho Hum" simply because I got tired of waiting for it to happen and am too old now to enjoy it if it did.
Posted by MichaelH on September 27, 2008 at 1:08 p.m. (Suggest removal)Okay, a real engagement in conversation, I like that!
First, I agree with everything you said in your last comment. However, just as you will surely agree, before the Bush Sr. speech, no one person in the history of the free world said it out loud.
I recognize that as a phase.
The first phase included publicly denying world takeover. Over the course of pre-calculated events, the agenda grows more bold, which resulted in a US president saying it out loud and gaining momentum from the weary public; phase two.
What you see happening now is a result of the third phase; implementation. We now see our rights being stripped in the name of terrorism, meaning we no longer possess certain constitutional rights if someone says we're a terrorist (the being an American part is secondary and inconsequential now). Now they have the American people, essentially, under control.
The only thing left is to impose our governmental policies in imperialistic fashion on the rest of the world who doesn't see things the way our government (which is only a chess piece in the banking chess game) wishes they would.
Sound familiar? It should - it's happening right now in Iraq, Afghanistan (anyone remember Afghanistan?), North Korea (again), and eventually Russia (again), Iran (again) and Pakistan.
I'm sorry you feel you're too old to have capitalized on the selling of Americans rights and any subsequent enjoyment you may have celebrated, really, I am.
Posted by MichaelH on September 27, 2008 at 1:14 p.m. (Suggest removal)Answer this question...
Where was George Sr. on September 11th, 2001? Who was he with and what were they doing?
Answer that question honestly and then put pen to paper and show me how I'm wrong to assume we've (American people) been sold out.
P.S. It's not hard to find out, with complete conclusive evidence, what a former US president was doing on 9/11. Google may even help you.
Of course, based on your comments, I'm inclined to believe you already know and it is of little importance to you which concretes my conclusion that people no longer care about people. They care about money.
Remember Christians, money isn't the root of all evil, the LOVE of money is.
Posted by Wright_Winger on September 27, 2008 at 1:17 p.m. (Suggest removal)Michael, when the whole plot got printed on the back of an American dollar bill I knew the chance of making a buck on it was gone forever.
Posted by MichaelH on September 27, 2008 at 1:22 p.m. (Suggest removal)Heh, you make me laugh.
Thanks for the conversation, definitely a refreshing change of pace as of late around here.
Posted by Wright_Winger on September 27, 2008 at 2:21 p.m. (Suggest removal)Glad to chat with you. Don't swipe any more of my lines.
Posted by MichaelH on September 27, 2008 at 4:24 p.m. (Suggest removal)???
Posted by MichaelH on September 27, 2008 at 4:56 p.m. (Suggest removal)So what - you're like 80 years old? Is that correct?
Posted by Wright_Winger on September 27, 2008 at 4:57 p.m. (Suggest removal)No problem, it probably wasn't intentional.
I should probably relate one of our schemes to you although you may have stumbled onto it or at least some clues with your research. Our group had accumulated a real fortune during World War 2 in manufacturing war machines and munitions. You aren't old enough to know about it, but wages were frozen, benefits were non-existent and the contracts were awarded on a cost-plus basis and did we ever "plus" them up!! We had no interest in Japan, but we knew Europe would again be as destitute as after WW1. We intended to follow the example Hearst set after the "Great Conflict" and buy up the treasures of Europe at pennies on the dollar. Russia held much of the territory where the riches were stored, especially those confiscated by the Nazis, but the agents we put in the U.S. and British zones of occupation identified plenty of treasures and willing sellers whether the property actually belonged to them or not. Unfortunately for us, the benevolent President Truman and his communist-ridden State Department put together the Marshall Plan to re-build Europe at the expense of the U.S. taxpayer and our plans had to be abandoned as we couldn't outbid the government.
Posted by MichaelH on September 28, 2008 at 10:28 a.m. (Suggest removal)I can only imagine you speak of Prescott Bush and his participation in the Union Banking Corporation which had it's assets frozen in 1942 as a result of, "Trading With the Enemy Act."
Bush did make millions at that time, and over $300,000,000 of that profit was linked directly to Nazi German money, hence the Trading With The Enemy Act.
Surprisingly, that conviction didn't prevent him from becoming a United States senator only 10 years later. Some government.
All the UBC was, was a ploy to allow the US government to receive large amounts of cash and assets from Nazi Germany without taking the cash and assets directly from them and without showing affiliation.
Using UBC as a cover up, they were able to generate millions of dollars, in the name of the company, and once acquitred, a pre-determined whistle-blower would do his job, and poof! The US government just became privy to every single share and asset of UBC.
After that was completed, they took the VP (Prescott Bush) of UBC, and appointed him a US senator.
If you're not talking about this scenario, I may be a bit behind you in my research, a penalty of my youth, I imagine.
And Ninjaman, what in the hell are you talking about?
Also - what, when and where did I "steal" any of your lines? I've got a big thesaurus leftover from college, I don't need to steal your words.
P.S. As far as your, "we had no interest in Japan" comment = FALSE. We imposed unnecessary sanction after sanction on Japan before we were ever, "involved." We were, in effect, provoking them to attack us so we could enter the war.
Once Pearl Harbor took place it was business as usual for the war profiteers. Also, Pearl Harbor was as much as surprise to the US as the WTC's were - there is verifiable proof that our governmental and military leaders were informed from numerous sources that Pearl Harbor was identified as facing imminent attack from the Japanese.
I could go on all day...
Posted by Wright_Winger on September 28, 2008 at 11:34 a.m. (Suggest removal)No, my group was not associated with the Bushes, then or at any other time. The Carlyle Group meeting with the legitimate bin Laden family was of no concern to us, mainly because most of the group was deceased at the time it occurred. There are just a handful of us left; I am the youngest at 87. Neither did we associate with Joe Kennedy or Lindbergh back in those heady days when being pro-Nazi was fashionable in some circles. No, our group of industrialists simply did quite well during the war and we hoped to use part of that wealth to acquire European objects de art at rock bottom prices. It was really all quite above board except some of our foreign purchasing agents were not entirely scrupulous we later found out. At any rate, nothing came of the scheme because the Marshall Plan agents could simply outbid for all the items of interest to us. When I say Japan was of no interest to us, I only meant in the sense of our scheme to purchase valuables. None in our group had any interest in Oriental art. And the time frame is entirely after the war ended. The oil companies of course had tremendous interests in the South China Sea countries prior to Pearl Harbor. None of us were ever involved with them or the government in that part of pre-war planning. That about concludes my discussion unless you are interested in finding out how we finally invested the monies at a huge, but legal, profit.
I used the Rodney King quote in another post a few days ago. I am not challenging your vocabulary, you are obviously very intelligent. I just hate to see you get taken in by the New World Order hoax. Believe me, it is no more real than the coming of the Great Pumpkin.
Posted by MichaelH on September 28, 2008 at 12:30 p.m. (Suggest removal)That's it...
I want to meet with you. I've exhausted all of my familial resources in trying to find anything out, first-hand, about that period of time. I have one grandmother left and she is very sick so when I do get to talk with her, it's not in my interest to talk of such things.
I'm curious about Lindbergh though. Everything I've read about him suggests he was a man of genuine care for the welfare of people. Very much opposed to central banks for the very reasons we are witnessing today. Do you suggest he was pro-Nazi?
I think, like many historians, that Lindbergh was misunderstood. If he were alive today to speak of our current military conflicts, I think we would see much the same point of view - the only difference being we actually have access to information therefore his opinions would probably be well-received by the general public. Non intervention.
Those same people that grouped him into pro-Nazi would couple him with terrorism (or the almighty anti-semitism that gets thrown around so flippantly as if we're all haters of Jews) today, which is just the 21st century diagnosis for anyone who doesn't share the governments political views, much as the pro-Nazi label in pre and post WWII America was used.
In any case, I am glad to have had this conversation with you and would love to speak with you in person someday.
I must say, however, that the NWO, in my opinion, is hardly a figment of imagination with respect to it's planning, implementation and overall agenda. I feel it's very much alive and had my research not concluded that at the foundation of every major event in world history included the same names, over and over and over again, I might be inclined to believe you. However, it is fact that every major world event involves the same people, time and time again.
That is absolutely no coincidence.
I don't know who said it but it was something like this;
One event signifies a singular goal. Two events represent a plan and three events confirm an agenda.
So how about it? You drink coffee? I make a mean cup of Folgers Classic Roast... I'd share it with ya anytime.
P.S. I remember the quote you're referring to, although I didn't read where you wrote it, let's share the credit with Mr. King, shall we?
Posted by StJoeMoe on September 28, 2008 at 3:28 p.m. (Suggest removal)Great video point this current financial crisis directly on the responsible parties, and you'll never guess who tried to stop it - as well as who helped fuel it!
http://www.youtube.com/watch?v=H5tZc8oH--o
Posted by Wright_Winger on September 28, 2008 at 3:38 p.m. (Suggest removal)I shouldn't have left the impression that I thought Lindbergh was pro-Nazi; I didn't know the man well enough to make that assumption. He did, along with Kennedy, have contacts with the Germans which many in this country found questionable if not sinister. FDR nearly openly termed him pro-Nazi. There is no doubt he strongly warned against our involvement in the European War, but it may well be because he knew we were so ill-prepared to participate in major warfare. Plus, the country was DEEPLY divided on the question, much more than the partisan wrangling of today. It is probably better to remember his valuable contributions to America than to doubt his loyalty.
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