Didn't see it posted here but this is something that came out late last week by Mr. Chapman. I posted this on another site that I frequent. Thought you guys might like this http://eclipptv.com/viewVideo.php?video_id=8516 better interview here.
http://libertyarchives.com/farlive/FS2_WED.MP3 overview... - Bob Chapman claims a source highly placed in banking circles has told him the following: 1) All Banks that received tarp funds must report how much they can pay back by Jan 1, 2010. 2) Banks that received TARP funds must require 125% collateral on all commercial loans. 3) 2500-3000 Banks are in imminent danger of collapse. Cost of bailing them out would be between $800 billion and $1 trillion. 4) Fed wants to close as many banks as possible. 5) Treasury has given $80 billion to the FDIC. 6) The FDIC will be closed down by September 2010 or by year end 2010 banks will not then be insured. 7) The Fed needs to pull $1.5 trillion out of circulation by June in order to avoid hyperinflation. If this happens economy will collapse if not hyperinflation this is why they need banks to pay back taarp 8.)Bankers told to find room for new currency dollar devalued by end of 2010. 9) commercial real estate to implode next year. 10)Wall Street expecting complete crash of bond market (municaple) |