Financial Bankruptcy
In November of 2006, the Department of Housing and Urban Development warned that new home building permits were 26 percent lower than the previous year as transiting Jupiter was returning to the banking Jupiter-Pluto power cycle at 28 Scorpio after twelve years. Jupiter was also returning to a Jupiter-Pluto cycle on the Boston Massacre, the annexation of Texas, and the collapse of the National Bank of Arkansas.
The stationary Venus at 02 Virgo was square the Federal Moon at 04 Gemini and the Federal North Node at 01 Sagittarius while transiting Neptune at 20 Aquarius was conjunct the emphasized Venus at 21 Aquarius. Transiting Mercury at 22 Cancer was square an emphasized Neptune at 22 Libra. (more on emphasized planets)
A new Jupiter-Pluto cycle formed on December 11, 2007, at 28 Sagittarius 24 close to the Saturn-Uranus cycle at 29 Sagittarius. Weeks later, destructive Pluto made its ingress into Capricorn on January 25, 2008, with Mercury and Mars stationary. The dual Mercury and Mars retrogrades were seventy-nine year returns to a past financial crises.
The Federal Reserve dropped the interest rate as existing homes sales dropped to the lowest point in a decade. Homeowners unable to sell or refinance due to the resetting adjustable-rate mortgages went into foreclosure.241
Jupiter became stationary direct that day with Pluto stationary direct at 28 Sagittarius the next day, the first simultaneous stationary of the pair since they had formed the new cycle.
The counterfeits had soared in the forty-four trading days between July 7, 2008, and September 5, 2008. Jupiter had been retrograde during this period before turning direct on September 7, 2008. This appeared to the SEC to be an attempt to drive the stock prices of Fannie Mae and Freddie Mac to zero.
On September 21, 2008, the Federal Reserve signed an order that Goldman Sachs and Morgan Stanley, the last major investment banks left, would convert to commercial banks. The conversion would entitle them to massive emergency financial aid as Mercury was stationary retrograde at 22 Libra joined with transiting Mars at 21 Libra to conjunct the Federal Neptune at 22 Libra.
The stationary Mercury was a seventy-nine-year return to the September 20, 1929, arrest of Clarence Hatry, who attempted to buy United Steel Companies with fraudulent collateral.246 Clarence Hatry received fourteen years in jail for his fraud, whereas executives of Fannie Mae who committed fraud were allowed an apology agreement and bankers raked in Federal aid.
239. Ben Bernanke, The Courage to Act, (New York: W. W. Norton & Company, 2015), 140.
240. Congressional Record, 70th Congress, 3rd Session, Volume 70, Part 3, (1929) 2314-2315.
241. Kimberly Amadeo, “2008 Financial Crises Timeline,” The Balance, October 26, 2020, https://www.thebalance.com/2008-financial-crisis-timeline-3305540.
242. Mark Jickling, Fannie Mae and Freddie Mac in Conservatorship, (Washington, DC: Congressional Research Service, 2008), 1.
243. U.S. Securities and Exchange Commission, “The Counterfeiting of Shares of Fannie Mae and Freddie Mac,” September 17, 2008, https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf.
244. Gerald R. Ford Presidential Library & Museum, “Timeline of President Ford’s Life and Career,” accessed March 12, 2022, https://www.fordlibrarymuseum.gov/grf/timeline.asp.
245. Libertarian Party, “Investigate Fannie Mae Freddie Mac Lobbying, says Bob Barr,” (Washington, DC: Libertarian National Committee, October 20, 2008), http://www.lp.org/news/press-releases/investigate-fannie-mae-freddie-mac-lobbying-says-bob-barr.
246. Barry Eichengreen, Hall of Mirrors The Great Depression, The Great Recession, and the Uses - and Misuses - of History, (New York: Oxford University Press, 2015), 112-114.
Saturn rules bankruptcy, Saturn turned retrograde at 25 Leo in December 2006. On July 31, 2007, Bear Stearns Investment Bank declared bankruptcy with Saturn at 25 Leo as it came out of shadow due to mortgage-backed securities in the wake of falling home values, Venus was stationary retrograde with Jupiter stationary to magnify the effects.239 (more on transits to nation charts)
Simultaneous Venus stationary retrograde with a stationary Jupiter and an emphasized Neptune also occurred on the Caldwell Bank collapse. (more on stationary returns)
Stationary Jupiter of banking at 09 Sagittarius was square the Federal Midheaven at 10 Virgo while the transiting square of Mars at 25 Taurus and Saturn at 25 Leo aspected the Ascendant at 27 Scorpio. Bear Stearns would be the canary in the coal mine. (more on keywords)
Behind the scenes, powerful players would quietly target the economy for pillage when Venus came out of shadow in mid-October.
A new Jupiter-Pluto cycle formed on December 11, 2007, at 28 Sagittarius 24 close to the Saturn-Uranus cycle at 29 Sagittarius. Weeks later, destructive Pluto made its ingress into Capricorn on January 25, 2008, with Mercury and Mars stationary. The dual Mercury and Mars retrogrades were seventy-nine year returns to a past financial crises.
On January 28, 1929, a Senate resolution to investigate Federal Farm Loan Bureau of the Treasury Department stated, “now in open jeopardy by reason of the critical financial condition of such banks,” the resolution was nine months before the market crash.240
The Federal Reserve dropped the interest rate as existing homes sales dropped to the lowest point in a decade. Homeowners unable to sell or refinance due to the resetting adjustable-rate mortgages went into foreclosure.241
The Pluto Capricorn ingress in 2008 had Neptune at 21 Aquarius and Chiron at 15 Aquarius. The 1762 Pluto ingress had Neptune at 23 Leo in opposition and Chiron at 17 Aquarius.
2008 Financial Crises
Bankers had profited by allowing subprime mortgages with adjustable-rate mortgages for borrowers with less credit and savings, Fannie Mae and Freddie Mac held billions of subprime mortgage debts. On September 7, 2008, the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac in conservatorship. Intervention by the Treasury Department was expected to return the markets to normal with the government covering their losses.242 (making yearly event page)
The stationary Jupiter at 12 Capricorn formed a transiting square with Mars at 12 Libra, Mercury at 11 Libra and Venus at 09 Libra to aspect the Saturn-Neptune cycle at 11 Capricorn, large-scale loss of stability. The Sun at 15 Virgo was conjunct Uranus-Pluto at 17 Virgo.
Jupiter stationary was an eighty-three-year return to the 1925 struggle over unpaid war debts that Britain and France wanted the United States to cancel. There were also simultaneous stationary Jupiter and Pluto when bankers and railroads in 1907 wanted government help.
The stationary Jupiter of banking at 12 Capricorn, Mars at 12 Libra and Mercury at 11 Libra took action and aspected the Declaration Sun of government at 13 Cancer and the Declaration Saturn at 14 Libra.
Transiting emphasized Saturn at 12 Virgo 22 was in a near perfect square to the Ascendant at 12 Sagittarius 21 of the public who would be burdened. The next domino was Lehman Brothers filing for bankruptcy followed by the bailout of insurance giant, American International Group (AIG), who had insured trillions of dollars of mortgages.
Fleecing the Public
The U.S. Securities and Exchange Commission published a report on September 17, 2008, that detailed the counterfeiting of shares of Fannie Mae and Freddie Mac, naked shorting, in a deliberate attempt to foist liability onto taxpayers, retirement funds were harmed to profit the counterfeiters.243
When the report was released, there was a double whammy of transiting Venus at 22 Libra conjunct the Federal Neptune at 22 Libra as transiting Neptune at 22 Aquarius was conjunct financial Venus at 21 Aquarius. Transiting Mercury at 20 Libra and Mars at 18 Libra were square the banking Federal Jupiter at 19 Cancer as Jupiter was stationary. Transiting Saturn at 13 Virgo 37 was in a near perfect opposition to the Federal Saturn at 13 Pisces 35.
The SEC report indicated the mortgage agencies were targeted on or around October 15, 2007, just days after Venus came out of shadow. (See the above Bear Stearns collapse)
The SEC report indicated the mortgage agencies were targeted on or around October 15, 2007, just days after Venus came out of shadow. (See the above Bear Stearns collapse)
Mercury was stationary at 08 Scorpio square the Paris Pluto at 08 Aquarius as the transiting Mars of attack at 06 Cancer opposed the Paris Saturn at 05 Capricorn.
The stationary Mercury was a thirty-three-year return to another time of secret information exposed on October 17, 1974. President Ford vetoed an amendment to the Freedom of Information Act that he believed did not protect sensitive and classified intelligence enough, which Congress overrode.244
During the fourth quarter of 2007, Morgan Stanley & Co. sold 94% of their 34 million Fannie Mae and Freddie Mac shares. Morgan Stanley had advised Treasury Secretary Paulson to put the mortgage giants in conservatorship.
The counterfeits had soared in the forty-four trading days between July 7, 2008, and September 5, 2008. Jupiter had been retrograde during this period before turning direct on September 7, 2008. This appeared to the SEC to be an attempt to drive the stock prices of Fannie Mae and Freddie Mac to zero.
Fannie Mae and Freddie Mac were hardly innocent victims; they had spent millions lobbying to prevent any legislative actions to rein in their corruption for years.245 The SEC identified regulators as responsible for turning a blind eye, doing too little too late and failing to enforce laws and that Wall Street firms operated in complicity to cause the financial collapse. The report sounded remarkably similar to actions by the Federal Reserve prior to the crash of 1929.
The stationary Mercury was a seventy-nine-year return to the September 20, 1929, arrest of Clarence Hatry, who attempted to buy United Steel Companies with fraudulent collateral.246 Clarence Hatry received fourteen years in jail for his fraud, whereas executives of Fannie Mae who committed fraud were allowed an apology agreement and bankers raked in Federal aid.
Later the public would discover that the bailed-out bankers got huge bonuses and stock options after homeowners had been forced into foreclosure by resetting mortgages. Throughout history, extreme events heat the embers of rebellion.
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Notes
239. Ben Bernanke, The Courage to Act, (New York: W. W. Norton & Company, 2015), 140.
240. Congressional Record, 70th Congress, 3rd Session, Volume 70, Part 3, (1929) 2314-2315.
241. Kimberly Amadeo, “2008 Financial Crises Timeline,” The Balance, October 26, 2020, https://www.thebalance.com/2008-financial-crisis-timeline-3305540.
242. Mark Jickling, Fannie Mae and Freddie Mac in Conservatorship, (Washington, DC: Congressional Research Service, 2008), 1.
243. U.S. Securities and Exchange Commission, “The Counterfeiting of Shares of Fannie Mae and Freddie Mac,” September 17, 2008, https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf.
244. Gerald R. Ford Presidential Library & Museum, “Timeline of President Ford’s Life and Career,” accessed March 12, 2022, https://www.fordlibrarymuseum.gov/grf/timeline.asp.
245. Libertarian Party, “Investigate Fannie Mae Freddie Mac Lobbying, says Bob Barr,” (Washington, DC: Libertarian National Committee, October 20, 2008), http://www.lp.org/news/press-releases/investigate-fannie-mae-freddie-mac-lobbying-says-bob-barr.
246. Barry Eichengreen, Hall of Mirrors The Great Depression, The Great Recession, and the Uses - and Misuses - of History, (New York: Oxford University Press, 2015), 112-114.