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The Untold Financial Story of 9/11: Bailing Out Alan Greenspan’s Legacy. Billions of Financial Dealings by the Fed in Immediate Wake of 9/11

Tuesday, October 11, 2016 0:49
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(Before It's News)

Clerk Note: Follow the money. 9/11 was a robbery on many levels, from the gold below WTC-4; to the Black Eagle & Marcos Funds used for black ops and as collateral for playing with the Russian markets whose note was to come due 9/11; to the missing Pentagon $2.3 Trillion on 9/10; to the Hallibuton-style war profiteering in Afghanistan & Iraq; to Homeland Security and TSA and TSA machines; to the billions laundered in the days after 9/11. Connect the dots and the housing bubble and financial crisis were spawns.


The Untold Financial Story of 9/11: Bailing Out Alan Greenspan’s Legacy. Billions of Financial Dealings by the Fed in Immediate Wake of 9/11

By: Pam Mertens and Russ Mertens
Date: 2016-09-11

Today marks the 15th Anniversary of the tragic events of September 11, 2001 and yet the American public remains in the dark about critical details of hundreds of billions of dollars of financial dealings by the Federal Reserve in the days, weeks and months that followed 9/11.

What has also been lost in the official 9/11 Commission Report, Congressional hearings and academic studies, is how Wall Street, on the day the planes slammed into the World Trade Towers, was on the cusp of being exposed by the New York State Attorney General, Eliot Spitzer, as the orchestrator of a fraud of unprecedented proportion against the investing public. That investigation was stalled for more than six months. It would have been politically incorrect to do perp walks outside Wall Street’s biggest investment banks as families mourned the loss of their loved ones; as U.S. savings bonds were renamed Patriot Bonds to rally patriotism around the country; and Congress paid homage to the heroes at the big banks, the stock exchanges and the Federal Reserve for getting the system back up and running in less than a week.

The loony policies of laissez-faire capitalism of Fed Chair Alan Greenspan, who worshiped at the feet of Ayn Rand, were also bailed out by the events of  9/11. Members of the Senate Banking Committee praised him on September 20, 2001 for his performance. Amazingly, at this hearing, just nine days after the attack, not one Senator asked Greenspan how much money the Fed had spent or to whom it went. The percolating collapse of Wall Street was held off for seven more years until 2008 when it finally became impossible to deny that Greenspan’s brand of financial deregulation and the repeal of the Glass-Steagall Act he had pushed for, had left Wall Street in ruins – without any assault from the skies.

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