Supermodel Between Rock and Hard Place
(Conspiracy Nation, 06/30/08) – The economy was a supermodel, a “new
economy.” It was born in 1987, when “Maestro” Alan Greenspan rode to
the
rescue of the swooned stock market damsel.
Coincidentally born in 1987 was Ruslana Korshunova, also a supermodel.
Saturday, in Manhattan's financial district, the safety net had been cut.
The supermodel was caught between a rock and a hard place. (Background:
“Headwinds Caused Model's Fall?”, http://www.shout.net/~bigred/
Headwinds.html)
Five days earlier, the Wall Street Journal (WSJ) had signaled the FDIC
safety net might be cut. Unlike investment banks, savers at FDIC banks
are guaranteed protection up-front. There is a contract: save here and
you are insured. But if pressures from the credit (credible) crunch
snowball into ordinary bank failures, “the FDIC could be
overwhelmed.” (“More Bank Bailouts Ahead?” by Antony Currie. WSJ,
June
23, 2008, p. C10)
The FDIC, in other words, could itself be a bubble.
No suicide note was found following the death of Ruslana Korshunova. “A
large hole was visible in construction netting... A spokesperson for the
city Buildings Department could not confirm whether Korshunova's fall
caused the hole and, if so, why the netting did not prevent her
death.” (“Death of model officially ruled suicide,” by Steve Ritea.
newsday.com, June 29, 2008)
Fortis Bank expects bankruptcies amongst 6000 American banks. Fortis
expects a complete collapse of the US financial markets within a few days
to weeks.
In other words, banks may soon plunge, as did Ruslana Korshunova.
Witnesses saw Korshunova plunge. This has transmuted into “saw her
jump”,
which is not the same as “saw her plunge.”
“A lot of banks are, er, teeter-tottering,” writes Irwin Stelzer in
yesterday's London Times. Treasury secretary Henry Paulson is the
nation's “number 1 bond salesman.” He went to Saudi Arabia, promoting
bonds. But decline in the dollar has been hurting Saudi investments.
“You
want more oil?” demanded the insistent sheikhs. “Then shore up the
dollar.” (“Saudis press United States to put an end to rate cuts,”
by
Irwin Stelzer. London Times, June 29, 2008)
The banks are teeter-tottering. The safety net has been cut. Will
witnesses see them plunge?
"I heard what sounded like a gunshot or a bomb or an explosion," said a
shocked Con Ed worker, Patrick, 32, of Brooklyn, who was talking to a cop
nearby before Ruslana Korshunova hit the ground. "All I saw was something
moving out of the corner of my eye, and then boom. It sounded like a bass
drum when she hit the ground," said Steve Metzger, 36. (From
alt.obituaries newsgroup)
The crash sounded like boom, synchronous with the FDIC safety net having
been cut.
Dubya Bush has signed an Executive Order to declare a "financial
emergency" as a prelude to Martial Law in the United States, re****ts Tom
Heneghan, a close associate of Sherman H. Skolnick (1930 – 2006).
Martial law might be necessary if FDIC turns out to be a bubble.
In Manhattan's financial district, a supermodel plunged. The safety net
had been cut. The crash sounded like a boom.
Conspiracy Nation
http://www.shout.net/~bigred/cn.html
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