Black Money Business Jobs : US regulator shuts Washington Mutual - WaMu

Discussion in 'Black Money Business Jobs' started by Destee, Sep 26, 2008.

  1. Destee

    Destee destee.com STAFF

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    US regulator shuts Washington Mutual - WaMu

    Friday September 26 2008 07:44 BST

    Washington Mutual was closed by the US government in by far the largest failure of an American bank, and its banking assets were sold to JPMorgan Chase for $1.9bn (£1bn).

    The rescue marks a historic step to clean up a US financial system littered with toxic mortgage debt.

    Washington Mutual, the largest US savings and loan, was closed by the federal Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corp (FDIC) was named receiver. Customers should expect business as usual on Friday, the FDIC said.

    The bailout came after the thrift suffered deposit outflows of $16.7bn since September 15, the OTS said. "With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business."

    Click Here To Read Entire Article

    :heart:

    Destee
     
  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa!





    Destee,

    On fire again, you are all over this thing, and I am glad to be here, along with everyone else. Thanks-:)

     
  3. info-moetry

    info-moetry STAFF STAFF

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    No nation's central bank is more powerful today than the US Federal Reserve, but it wasn't always that way, and it now has competition for the top spot it hasn't known since WW II. The Fed, as it's called, has existed since it was first established by an act of Congress in 1913. But the Bank of England has been around since Britannia ruled the waves beginning in 1694 when King William III needed help funding the kind of escapade that takes lots of ready cash - war. Back then it was with France, and the king needed a friendly banker to print it up for him to help him fight it. He also needed financial help to facilitate trade and manage the country's debt that always mounts up when wars are fought. The Bank of England wasn't the first central bank, but it was the modern world's first privately owned one in a powerful country. It was called the Bank of England to keep the public from knowing that it, like our Federal Reserve, was and still is privately owned and not part of the government. It was also the model used in the formation of our own central bank and most others.

    http://www.populistamerica.com/how_the_federal_reserve_runs_the_us

    "bailout" is just the media's nice way of saying Hostile Takeover......

    This country has purposely been bankrupted and the financial institutions are being taken over by children of those who put the plan in motion (such as JPMORGAN) for dirt prices..........
     
  4. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    The conspiracy theorist are now putting out that this all is being done deliberately. It seems the plan is to change currency. Just like the Euro, we will soon have the Amero. It will be the currency for this hemisphere











     
  5. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Well if they don't replace the currency, I don't see how we are going to get out of this economic crisis.
     
  6. emanuel goodman

    emanuel goodman Well-Known Member MEMBER

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    This is just old game with new players! U cannot run out of some thing that dont exist. money dont exist. neither does the value that is placed on material goods. It is all worth nothing! This is all crap to control the masses of the world whom ebb and flow emotionally with the turns of the vibarations that are created by the few. They are required to give us something to worry about. no energy in motion no movement. Fear of life safety and well being is enough to make any one get involved. We are just sick sheep gatering around the lie box to wait for the next made upset holicost. hotep
     
  7. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Peace to the God!!!!!!!!!!!!
     
  8. Metaverse

    Metaverse Well-Known Member MEMBER

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    Bingo. I see some of us are hip to what "misdirection" is all about. This all "seems to be" a plan to introduce the Amero. Unfortunately, we have to be with it- because both Obama and McCain are not against it. The question is how will this impact America as a whole, especially those who believe America will lose it's sovereignty by joining with Mexico and Canada?
    This is major plan- countdown to 2012.

    Bro. E.GoodMan is on point!!
     
  9. Belsidus

    Belsidus Well-Known Member MEMBER

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    Yeah, whatever.

    I'm not concerned about it all.

    For every action there's an equal and opposite reaction.

    They have only hastened there own downfall.

    The RETURN is at hand, but not of the Nazarene as some may believe.

    Nor will December 21, 2012 be any different than any other day.

    The ONE who is many but is one is awakening.

    What was born in a small house in a rural part of a southern state is stirring.

    The People of the Well have come.

    They are here.

    Drown the Fire.

    Rust the Machine.

    For those who overstand...
     
  10. emanuel goodman

    emanuel goodman Well-Known Member MEMBER

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    panic and fear is an old ingrediant to the stew. Thier is nothing mccain and obama can do about it. for they are running to be the mangers of the coroporation known as the united states. They are not going to be CEO's but presidents of a corporation. As president allways answers to the board. The board has all ready voted and put this is motion since 1945. The corporation know as the united states is a branch of the united federation of the world. some will never overstand this. hotep!
     
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