dChan
Anonymous ID: e8b3ff Feb. 17, 2023, 7:14 p.m. No.18368127   🗄️.is 🔗kun   >>8365

>>18367785 pb The Panic of 1907 was an anomaly

 

Mkt Fag, Godzilla and Mecha-Godzilla present: The Gold Act of 1900 and the Market Crash of 1907-setting the stage for the creation of the Federal Reserve

 

>>>/qrb/140771, >>>/qrb/140772, >>>/qrb/140774

 

A completely manufactured event (as all boom/busts cycles are) with JP Morgan himself picking the winners and losers as the head of the committee to "fix it"-took out Kinckerbocker Trust who was a big competitor to Banker's Trust-moar of that entire set-up in the above links

 

Banker's Trusted lasted until 1999 and then sold to Deutsche Bank (DB). Jerome Powell was instrumental in loading them up with OTC derivatives (as Managing Director) from '93-'95 and then he left before it imploded-he went to Dillon, Read & Co for a short stay of one year and then a partner at Carlyle Group 97-2005

Banker's Trust and it's bloated balance sheet was "placed it" at DB similar to how Country-Wide and Merrill Lynch were placed at Bank of America

 

Plenty known about Federal Reserve Creation and then the Crash of 1929 but not many even know about how the stage was set for the Creation of the Federal Reserve through that Market Event in 1907

Anonymous ID: e8b3ff Feb. 17, 2023, 8:10 p.m. No.18368448   🗄️.is 🔗kun   >>8659

>>18368365

>WaMu

yep they wanted the depositor base and little else

>Shelia Bair

The Hair Bair! was our group's nickname for her

IIRCthere was a short-lived war for it…involving shitibank and they just gave it to the morgue with no fight

>bank that became WaMu

Washington National Loan and Investment or something like that?

 

OTC/FDIC

All those fake bank failures on fridays-used to call it BFF or Bank Failure Fridays when all the shotgun marriages done after markets closed-seeing which failed places would be merged with the other.

They'll probably do the same at some point