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11/14/2008 Dennis Kucinich grills Treasury's Neel Kashkari on Bailout Scam in Oversight Committee (CSPAN)
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posted: 5/4/09      
            		 2       17
#1 



9/29/2008 U.S. stocks hammered after House rejects rescue
Dow posts biggest point loss ever, topping plunge after Sept. 11, 2001

Taking unprecedented steps, the Fed and other major central banks on Monday poured hundreds of billions of dollars of added liquidity into money markets left paralyzed by fears of further bank failures in the United States and Europe. (Wall Street Journal)
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posted: 5/18/09                   3       30
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9/29/2008 U.S. Stocks Slide, Dow Plunges 777 Points, As Bailout Bill Fails
Dow Hit By Biggest-point Loss Ever, Topping Post 9/11 Loss

The sell off is the largest percentage drop for the S&P 500 since Oct. 26, 1987. It also translates into a $700 billion loss for the day for the S&P, according to Howard Silverblatt, senior index analyst at Standard & Poor's. (CBS, Market Watch)
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posted: 5/4/09                   2       22
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12/28/1913 History of the Federal Reserve System
The enactment of the Federal Reserve Act

In its final form, the Federal Reserve Act represented a compromise among three political groups. Most Republicans (and the Wall Street bankers) favored the Aldrich Plan that came out of Jekyll Island. Progressive Democrats demanded a reserve system and currency supply owned and controlled by the Government in order to counter the "money trust" and destroy the existing concentration of credit resources in Wall Street. Conservative Democrats proposed a decentralized reserve system, owned and controlled privately but free of Wall Street domination. No group got exactly what it wanted. But the Aldrich plan more nearly represented the compromise position between the two Democrat extremes, and it was closest to the final legislation passed.

The day before the bill was passed, Murdock told Congress: "You allowed the special interests by pretended dissatisfaction with the measure to bring about a sham battle, and the sham battle was for the purpose of diverting you people from the real remedy, and they diverted you. The Wall Street bluff has worked." (Wikipedia)
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posted: 6/2/10                   0       8
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