Six Reasons to Panic

As a rule, one should not panic at whatever crisis has momentarily fixed the attention of cable news producers. But the Ebola outbreak in West Africa, which has migrated to both Europe and America, may be the exception that proves the rule. There are at least six reasons that a controlled, informed panic might be in order. (1) Start with what we know, and don’t know, about the virus. Officials from the Centers for Disease Control (CDC) and other government agencies claim that contracting Ebola is relatively difficult because the virus is only transmittable by direct contact with bodily fluids from an infected person who has become symptomatic. Which means that, in theory, you can’t get Ebola by riding in the elevator with someone who is carrying the virus, because Ebola is not airborne.  This sounds reassuring. Except that it might not be true.

Read more at the Weekly Standard Read More......

Speculation: Why did Bush back TARP?

Shocker: Electronic Money Market Run Nearly Destroyed US Economy
Rush Limbaugh, February 10, 2008
U.S. REPRESENTATIVE PAUL KANJORSKI (D-PA): On Thursday [September 18, 2008] at about 11 o'clock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. It pumped $105 billion in the system and quickly realized that they could not stem the tide; we were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there. Read more at Rush Limbaugh (Hat tip: Hot Air)...



Relationship?

Caption: Obama at fund-raiser at Steven and Judy Gluckstern's home, April 9, 2007. George Soros is seated to the right of the stairs. (Photo [stitched]: Michael Edwards)
See NY Magazine article.

Related Articles/Video
Zero Hedge: How The World Almost Came To An End At 2PM On September 18
YouTube Video: CSPAN Rep Paul Kanjorski Reviews the Bailout Situation
USA Today: 'Buck-breaking' money market mutual fund returns initial $26B

Read More......