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This is what I know about the financial implications of the WTC attack.... some of my conclusions are based upon conversations with the gal who manages my money...

Her credentials are as follows nearly 40 years in the Financial services industry. The first 20 were in Banking, and from that experience knows the last 2 Chairman of the Federal Reserve Bank and is in fairly constant communication with the current Chairman. Also she from time to time is asked for advice by the RNC on a "quid pro quo basis" Also her ex-husband is in the electronic security end of banking.

The day after 911 I called and asked her if I would be able to survive the long term implications of 911 finacially. Her comment was, "Don't worry because it won't matter if you have no money, a wheel barrel full of money, or plastic ...we will all be in bread lines."

Several weeks later over lunch, she told me that that the USA was able to shut down its financial system within 15 minutes. That even 2 weeks after 911 it still was taking a week to do wire transfers of money. she also said that the Presidnet of Bank of America didin't realize how fast the USA was able to shut down the transfer of money. She also said, "There are many ways to make a run on the bank." One is that Brokerage houses make markets in stocks..that means that they provide a floor of value for a stock/company and will buy that companies stock when it is priced at that level...but what happens when the Brokerage house runs out of money to keep buying those shares...the absolute bottom drops out...thus the reason why the Stock Markets were closed for a week ...to provide a cooling off period (when it did reopen it immediately dropped 500 points). Second the Federal Reserve lowered interest rates 7 TIMES during this period...why to keep the system LIQUID...to provide money to the system...Also during ther 911 week the Federal Reserve LOANED the EUROPEAN BANKS 80 BILLION $$$$$...why because they were not able to shut their financial systems down fast enough..and the USA was keeping the Europeans Liquid.

She also mentioned that Sadam, when he invaded Kuwait in 1990 looted their bank accounts around the world by electronically transfering Kuwaiti money to his accounts. That her ex-husband was able to stop a transfer of 100M within the last 15 seconds because he saw that something was amiss with the account.

From even a later conversation with her about 911..she said that GMs decision to drop its interest rate to 0% on new cars was one of the important decisons that helped save America..it helped keep Amercans buying and thus supporting the economy. When people get scared about he futher they don't buy they save their money, and 0% helped induce greed in the American consumer.

Also during this period many corporations announced stock buy back programs to help support their stock prices.

Also a year or so later Hank Goldberg who is Chairman of AIG Insurance co said that the insurance companies in the world were able to asorb the losses from 911, but they needed the US government to act as a REINSURER to which the insurance companies would pay a premium to. This was in case of another attack, which he said the insurance companies would be NOT be able to make good on if the US government didn't act as a Reinsurer agent.

Further..The Shadow (Political Party out of powers) Minister of Defense to the United Kingdom before Parliment said during that week, "The USA has provided global security since the end of WW2, if America fails to act, global security will fail."

Read that as Global Economy.

From my paltry knowledge of the macro economic moves taken during 911 you can get the feel of just how serious an event the attack on the WTC.was