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Lehman Brothers To File For Bankruptcy; Bank Of America To Buy Merrill Lynch; AIG Seeks $40 Billion Fed Bridge Loan

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Lehman Brothers to file for bankruptcy after suitors drop out; Bank of America to buy Merrill Lynch for $50 Billion all-stock deal; AIG seeks $40 Billion Fed loan, New York Times says;

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: Bloomberg

Length: 01:05
Rating: 4.88
Views: 4274

Tags: bloomberg  Business  News  NYSE:AIG  NYSE:LEH  NYSE:MER  television  tv  

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thomasst2 (November 30, 1999 at 12:00 am)
I encourage everyone to read "History of Money and Banking in the US" by Murray Rothbard. It details the US development of fractional reserve banking and from the gold coin to gold standards to fiat currency (thanks Lincoln and Salmon Chase) and the massive inflation and economic implosion under our 3 prior central banks. It also explains how the Govt and banking/business elite class profited while the public suffered. Sanity and the free market returned when the Gold coin standard returned.
haronmichael (November 30, 1999 at 12:00 am)
Let me get this real straight. The banking industry is now owned by the Central Banking families ($85 Bil for 79.9% of AIG's assets alone). The auto industry now owned by the Central Banking families ($51 Bil for Ford, GM, and Chrysler). Oil controlled straight through the Executive Branch. I don't think there's any mistake it is official, the USA is - what do you even call it - Fascistized, Internationalized, Stalin-ized. Get right with God and learn to garden, I say.
Medusa72 (November 30, 1999 at 12:00 am)
Oooh, you mean the dollar isn't worth anything? Um, yea! It hasn't been worth anything since they established the debt-based economy. Constant growth supported by constant consumption - now we're all fat, lazy slaves. Back to trade-based economy where talent and resourcefulness win the day!!!
Cossack007 (November 30, 1999 at 12:00 am)
The Lehman Building is going to be converted either to a section 8 welfare housing complex or a mental institute for former bankers. The Federal Reserve is responsible for this. The Federal Reserve is unconstitutional and the Founding Fathers warned about ever allowing banks to control the American currency. These men are so evil they make Darth Vader look like a Boy Scout.
wetalmorker (November 30, 1999 at 12:00 am)
You gotta wonder how BoA is absorbing Merrill, while it's parent, AIG is lobbying for bailout money. I just looked around me. Way too many of my fellow passengers on the "Sunrise Sufferbus" are truly Bozos! And, I'm riding along with our most "respected" leaders! BTW, our beloved Dr. Paul has been preaching this sermon since his first term in Congress, nearly 40 years ago. In other news, the Reverend was Wright after all. America's chickens have truly "come home to roost".
mrglazedonut2u (November 30, 1999 at 12:00 am)
OMG!! GOOD ONE!! Palin is a psycho!! Check her political policy out!! Definitely down the tubes with her near the Oval office!! She has a terrible track record as a "Public Servant"!! Peace2U!! Hand writing is on the wall folks!!
mrglazedonut2u (November 30, 1999 at 12:00 am)
what's going on is all by design. Look back to 1909. Banks failed on Morgan propped, Morgan founded Council on Foreign Relations buzz that caused run on banks. Publicly held gold confiscated by 1913. It's not the FED, or Treasury. It's the Central banking families. The culling and redistribution of wealth assets and proprietal assets. Peace2U!! More to come!!
czarwright (November 30, 1999 at 12:00 am)
Whooopee, get that hatchet ready. its survival gear under the new world order. Peace and Love
fckuvrymch (November 30, 1999 at 12:00 am)
goon one, bro. :D
fckuvrymch (November 30, 1999 at 12:00 am)
yea... isnt that nice... its nice... :P

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