September 29, 2008 How allies of George Soros helped bring down Wachovia Bank

"Largely ignored in this crisis is the key role played by Herbert and Marion Sandler, founders of Golden West Financial (GDW), one of the largest savings and loans in the nation. Wachovia purchased GDW for $24 billion dollars in 2006. This was one of the worst merger and acquisition deals of all time for the buyer, and remarkably excellent timing on the part of the seller. In essence, Wachovia bought a financial time bomb ticking away, one that exploded this year, bringing down yet another former financial titan and further wrecking Wall Street."

"The collapse was primarily caused by the GDW purchase, which became an albatross around Wachovia's neck soon after the purchase. "Wachovia found itself in ARM's Way" was the headline of a recent Wall Street Journal article. A huge percentage of these Wachovia ARMs were made to deep subprime borrowers with very poor credit scores. Most of these were "inherited from its ill-timed acquisition of Golden West" at the end of the housing boom in 2006.

The Sandlers have started to invest their billions of dollars politically, in the manner of George Soros, sugar daddy of many far-left wing groups and an early and prominent supporter of Presidential candidate Barack Obama. Soros has developed an empire of so-called 527 groups, putatively independent political activists groups that have influence within the Democratic Party. These 527 groups include the Center for American Progress, MoveOn.Org, Human Rights Watch, Media Matters and a slew of other like-minded groups .

This set of political organizations also includes the International Crisis Group, whose foreign policy staff is likely to contain the embryonic future of the State Department in an Obama Administration . Eli Pariser, who heads MoveOn.Org, boasts about his group's role in the Democratic Party:

"Now it's our party: we bought it, we own it, and we are going to take it back."

They have already done so, in large measure.

The top four donors to these 527 groups in the last Presidential election cycle (2004) were Soros, Peter Lewis of Progressive Insurance, Steven Bing, and Herbert and Marion Sandler . Collectively they gave 78 million dollars to left-leaning 527 groups. That was just in 2004. They have become much more ambitious over the last few years.

Soros, Lewis, and the Sandlers form a core group of billionaire activists and Democrat partisans who have formed a group called The Democracy Alliance. They realized that they could magnify their power by working in unison and tapping other wealthy donors to further their agenda (the superb Boston Globe article "Follow the money" is a good primer on how money and 527 groups have come together to have a huge impact on politics in America)." https://www.americanthinker.com/articles/2008/09/how_allies_of_george_soros_hel.html

"Also, he is the main reason for the 2008 market crash."

Evidently, the Sandler's Golden West Financial S&L was a major seller of sub-prime loans that precipitated the 2008 housing crash. Their golden parachute was Wachovia, which bought them just before the crash.

DETAILS:

"Golden West Financial was the second-largest savings and loan association in the United States, operating branches under the name of World Savings Bank."

"History

The business was founded in 1929 as Golden West Savings and Loan Association, a small savings and loan in Oakland, California.[2] Golden West Financial's subsidiary, World Savings, was established in Madera, California, in 1912.[2]

Golden West Financial

Golden West Savings and Loan Association was purchased in 1963 for $4 million by Herbert Sandler and Marion Sandler, through their newly created corporation, Golden West Financial. Some of the capital for the acquisition came from bank loans, with the balance coming from Marion's family money.[2] Marion Sandler, a former Wall Street analyst, and Herbert, a real estate attorney, would operate the company in tandem.[3] In 1968 the Sandlers took Golden West Financial public.[4] In 1969 Modesto Savings was acquired and became part of Golden West Savings.[5][6]

Growth in the 1970s and 1980s

The expanding popularity of savings and loan corporations in the 1970s led the Sandlers to acquire World Savings in 1975.[6] World Savings had been growing with other mergers in Colorado, so this acquisition expanded Golden West Financial out of California and 107 offices. The corporation began operating all of its savings and loans offices under the name World Savings.[2]

Lessening restrictions on savings and loans by the United States government in the early 1980s saw a rapid growth in the industry, and Golden West profited from it by careful examination of the market as it fluctuated and not over-extending its reach during the savings and loan crisis. Golden West continued to expand its portfolio, and remained marginally profitable for its investors."

"The 1990s and 2000s

Marion and Herbert Sandler continued to serve as co-CEOs, with Marion overseeing the operations and Herbert working on the lending practices side. In 1990 The New York Times called the company "the Nation's Best-Run S.& L." saying that "the core of their business is decidedly—some might say refreshingly—old-fashioned".[4] As the mortgage market revived in the mid-1990s, Golden West Financial Corporation expanded its reach to the east coast of the United States as struggling savings and loan associations were put up for sale. By 1995 Golden West held $31 billion in assets, making it the third largest mortgage lender in the country."

At the same time, the United States government set up Freddie Mac to provide assistance for first time or low income home buyers who may not have received assistance from the private banking system. With diligence, Herbert Sandler devised an adjustable-rate mortgage system for Golden West's holdings to provide as alternative to the other options available. The system and implementation was enormously successful.

In 2000 the bank was one of the highest-rated stocks in the industry. Golden West was mentioned industry-wide in a positive light, once described as "They are in a sweet spot right now in the mortgage business, and that is driving extraordinary earnings compared to other thrifts. They are the best ARM lender, and they have superior interest rate management".[8] As with the late 1980s and early 1990s, Golden West continued to expand assets and lending opportunities during the market decline after a burst of refinancing.

In 2006, Golden West Financial was named the "Most Admired Company" in the mortgage services business by Fortune magazine.[9] By the time Wachovia announced its acquisition in 2006, Golden West Financial had over $125 billion in assets and 11,600 employees.[10]" https://howlingpixel.com/i-en/Golden_West_Financial

SENATOR BARNEY FRANK OVERSAW THE COLLAPSE OF THE SUB-PRIME HOUSING MARKET.
https://www.youtube.com/watch?v=a5NrqqK60OI

8th photo down: SENATOR BARNEY FRANK AND FRIEND DAVID BROCK AT CAMP REHOBATH https://www.camprehoboth.com/letters/2000/july-28-2000-campshots

Yeah, I've always wondered about those missing emails, too.

It's one of the things that makes me think that the Podesta email leaks are connected to the Q Leaks as part of one larger operation. Either Assange held them back, or whoever gave them to Assange did, which would fit with the gradual disclosure plan outlined by Q, in which the full exposure about human trafficking and Haiti will come last.

There is some interesting evidence from Assange himself that he is working with Q. One piece is that Wikileaks effectively demonetized the Wolff book attacking Trump by publishing a full copy of it before it was published. In that pdf, the "O's" in some of the chapter titles were turned to "Q's" . The day afterward, Q said it wasn't a coincidence.

Another is the curious case of the January 12, 2018 Assange chess board tweet depicting the famous "Capablanca Defense". There was much speculation about why he posted it:

• https://www.zerohedge.com/news/2018-01-13/assange-tweets-famous-chess-match-depicting-safe-white-king-one-day-after-ecuador
• https://www.rt.com/news/415802-assange-cryptic-chess-tweet/
• https://en.chessbase.com/post/wikileaks-founder-on-capablanca-vs-marshall-1918

However, the next day after, January 13, 2018, was the date of the Hawaii missile alert scare .

Believe it or not, the very next move on the Capablanca vs. Marshall chess game that Julian Assange tweeted was "Queen to F3" .

Q has repeatedly mentioned "Fox 3" or "Fox three" as military code for a missile launch. Q's reply to the anon who realized this: "Impressive, Anon."

January 19, 2018 Q posts “How about a nice game of chess?” A phrase he first used a month before either Assange's tweet or the missile scare:

December 18, 2017 QAnon makes a drop containing the phrases “Shall we play a game?” and “How about a nice game of chess?” Lines from the movie War Games about a hacker that accesses a U.S. military supercomputer and nearly starts WWIII. The last two lines of the drop, he states “SPLASH. FOX 3.”

Maybe! We should be keeping a running list. It's getting crazy.

I feel the same way. Even if it was natural, everything else is still enough for the same significance regarding numbers.

Yea, it's a 50/50. But still he is such a key figure in the Pizzagate thing it does seem pretty odd timing.

Yeah, absolutely insane. Just one more on top for the week.

Whaaaat? Man, pizzagate-related people are dropping like flies!

Ouchy mama