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Old 09-19-2008, 07:00 AM   #10
CosmicFever
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Default Re: Rumor: WAMU to close Friday

You know I've been watching these bank failures for a while. Back in the early 1900's JP Morgan started spreading rumors about the insolvency of the banks which caused a run and put the economy in turmoil. He then gobbled them up for pennies on the dollar. If I'm not mistaken this eventually let to Wilson allowing the central bankers to come in and establish the Federal Reserve. Do any of you think this might be going on here?

Peace and Love,
cosmic
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