Archive for October 7th, 2008
Let George Washington explain about this Thursday being D-Day for Lehman Brothers’ auction (D for ’derivatives’) and how much hinges on the auction’s outcome in spite of anything Paulson and Bernanke have done or might do.
And if you read George’s last paragraph, you’ll see that Oct 23 is D-Day for Washington Mutual.
Oct 23, 1907 is the 101st anniversary of the day top financier J. P. Morgan said enough’s enough and rescued America’s financial patootie, although there was more than met the eye concerning that panic, too…like the problems of NY’s Knickerbocker Trust.
“This is the place to stop this trouble!” J. P. exclaimed, yet Neptune had opposed his natal Jupiter on Sept 30, 1907. And he was enjoying a fresh Jupiter Return which had recently occurred on Oct 1, 1907! Hmmm.
Noel Tyl calls them “Jupiter Reward Cycles.” (See J. P.’s Page in the sidebar column – there’s a link to Daniel Gross’ article on the subject of Oct 23, 1907 – the Panic of 1907 – as it relates to 2008.)
Well, 2008′s most powerful banker is Jamie Dimon, J. P.’s successor of sorts as head of the firm descending from the House of Morgan. The Robber Barons just keep steam rollin’ along, don’t they?
Now I turn you over to George Washington: