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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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DEar Nostatic....I am a man of wealth and taste.....why would I ever demean myself by watching such a show??? BTW: I have very rarily ever patronized Starbucks either, they are selling overpriced flavored hot water and milk.
Anyway to the issue at hand: Here is something that is not known by many people...that the USA Banking system was locked down within 15 minutes of the planes hitting the WTC. I was told that even the President of B of A didn't realize how quickly it could be done. A week after the Stock Market reopened it was taking 4 days to do a Wire Transfer of money. The reason the USA sent the European Banking system $80,000,000,000.00 in cash during the week of 911 is that the Europeans weren't as quick in shutting down their Banking system, and that was what was needed to prop up those banks.
Also if U recall a lot of Major Corporations announced Stock Buy Backs in order to keep their share prices stable. What isn't realized is that the major brokerage houses Make Markets for companies stocks that means they buy back the excess number of stocks that the system can't asorb on any given day. If they run out of cash in buying those stocks back those stocks can go into free fall. There was a lot more to the Stock Market and Bond Market being down for a week than just logistics.
Finially here is another news item that I only saw a couple of times during 911 and the aftermath....Somone or group had SHORTED TWA and United Airline stocks very heavily (many times more than the average number of Shorts) in the weeks leading up to 911.... That means someone was betting that the price of those shares was going to go down in the near term....Oh What a Lucky Guess!
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"Some Observer"
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