, 17 tweets, 7 min read Read on Twitter
Stock Market Crashes

📌Post 9/11, September 12, 2001
📌2008 Iceland 👉🏼2008Meltdown
📌BrexitCrash (& likely others)

📌We will soon learn It’s all connected
A DAY OF TERROR: THE MARKETS; Stocks Tumble Abroad; Exchanges in New York Never Opened for the Day
SEPT. 12, 2001

📌Evidence for Informed Trading on the Attacks of September 11, 2001
📌The 2008 world financial crisis began in Iceland,
Wall Street on the Tundra

Just after October 6, 2008,

Iceland effectively went bust.

“You have to understand,” ...

“Iceland is no longer a country. It is a hedge fund.”

“Before lulzsec broke apart, they came to us to hack the entire government of iceland,” said Sabu (#LutzSec)

The chats may reveal an instance when ASSANGE may have specifically solicited a crime — the theft of official docs from within the Icelandic gov’t
U.S. ramping up probe against Julian Assange, WikiLeaks says
Federal prosecutors have formally approached people in the U.S., Germany and Iceland and pressed them to testify against Assange, according to WikiLeaks.
2017: 9 years after a giant banking crash made Iceland a symbol of the global financial crisis, the gov’t effectively declared that financial stability had been restored as it ended longstanding restrictions on the flow of money into & out of the country

In the US, the 2008 financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives.
Banks then demanded more mortgages to support the profitable sale of these derivatives.

They created interest-only loans that became affordable to subprime borrowers.

#Whoprofited? Many...
September 17, 2008:

SEC puts 'naked' short sellers on notice

Regulator enacts new ruling banning 'naked' short selling on all public companies.

SEC bans short-selling
September 19, 2008:

📌Short sellers borrow stock with the aim of selling it, then buy it back at a lower price, hoping to pocket the difference
5 Top Investors Who Profited From The Global Financial Crisis

Warren Buffett
📌John Paulson
📌Jamie Dimon - JPMorgan
Ben Bernanke
📌Carl Icahn (Fmr Trump Advisor)
📌Millions of average Americans lost their livelihoods and homes as the 2008 global financial crisis spiraled out of control.

📌But not Trump and his administration's top financial advisers, who treated the meltdown as a chance to get richer.
📌Following Iceland’s banking deregulation lead:

📌5/24/18: Trump Signs Biggest Rollback of Bank Rules Since Dodd-Frank Act

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