| UNDEAD 1 |
09/29/08 5:14am
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Major General ![]() Group: {MOB} Posts: 2753 Joined: January 17th 2006 Member No.: 1540 Xfire: UNDEADJAMES |
Please just delete if you are not interested in this. In March of '08 when Bear Sterns was about to fail, Paulson and Bernake had secret weekend talks and CHANGED THE LAW so investment banks could borrow from the Fed. All public knowledge if you want to do the research. At the time, investment banks were not allowed to borrow because they were not subject to the same regulations as commercial banks. All banks that borrow from the Fed, pay insurance premiums into the FDIC and are subject to regulations and oversight. At the time all of this occurred in March, there were 6 major investment banks. The SEC was suppose to administer oversight. But no one really did for at least the last 7 years. As a matter of fact, yesterday (September 28, 2008) NBC reported the SEC ends voluntary oversight program for Wall St. Banks. Unbelievable. Also worth noting that the FBI is investigating all of them for fraud. I suspect they will come away with clean hands as no one really broke the law! Right? So as far as I can see, everything that is unfolding now with this bail out package has been in the works for quite a while. So all of the investment banks on Wall St. (since Bear Sterns bail out in March) seek refuge by merging into each other with the help of our tax payer money. Then this past week they change the status of the two remaining banks (Goldman Sachs and Morgan Stanley) into bank holding companies. I am sure they will somehow benefit in the future from the bail out. There is no such thing as Free Market Capitalism when there is a financial crisis. You can look at this article below (to perk your interest). If you wish to see the full damage of what they have done to us, go to Google and start searching. We have been duped and the rats are scurrying to leave the sinking ship. They will be waving goodbye to us as they leave Washington in January with big, big grins on their faces. http://www.law.yale.edu/intruders/6632.htm One other interesting thing you should know is that there is a list of 800 stocks that are not currently allowed to be shorted.
Shorting is a normal function of daily trading. There is no such thing as Free Market Capitalism??? This shorting ban is scheduled to be lifted on Oct. 2, 2008 unless they extend it from there due to our crisis. What will happen to those stocks and the Markets when the ban is lifted is anyones guess. Even GE made the list. They derive 50% of their profits from financial. Also worth note is the FDIC may find it necessary to request a 150 Billion dollar bail out as our regulated banks continue to fail next year. They have rented 5 additional floors in their Dallas office building for what's to come. Source Bloomberg. Fox is reporting today (Sunday) that over the weekend emergency in Washington, lobbists were circulating among our representatives. Like sharks on fresh bait you say. All of the corporations they represent want to be in on the deals so they can get their share of the 700 Billion. In my opinion, neither party in Washington has represent the "people" for years now. The financial advisors to McCain. Carly Fiarino, (recently ousted from his campaign because she said he could not run a company as she did) left Hewlitt Packard with a huge golden parachute. I do not think she had planned to leave at the time. While she worked there, HP stock dropped by $60. a share. I also heard her say as she outsourced jobs, these jobs don't belong to Americans. If I remember correctly, Phil Graham (once McCain's chief financial advisor, now working in the shadows) initiated the law to deregulate the investment banks in 1999. If I remember correctly Bill Clinton signed it into law. This removed regulations for investment banks to allow free wheeling and dealing in the markets without restraint. Phil is known for creating the Enron loophole. He is now in the shadows advising McCain because of the ongoing UBS scandal. He is alleged to have helped U.S. Billion-Aires avoid paying U.S. taxes by di verting their money to hidden accounts in Leichenstein. Check it out folks. All public knowledge. McCain is expected to appoint him as the Sec. of the Treasury. Obama has been financially advised by Robert Rubin, Warren Buffett, Robert Reich and other former Clinton advisors. All of this is very scary folks. Remember, Paulson in the 8 hours of testimony last week said that this bail out package was an idea to try to start to help the problem we faced. No one knows for sure if it will start to work to free up the credit markets and start the lending again as we have never faced anything like this before. 256 members of Congress and the Senate have received campaign contributions from Fannie and Freddie. Fannie and Freddie had to be bailed out. China had 400 Billion invested and Russian had 80 Billion invested. Foreigners and sovereign wealth funds were also at risk. They have purchased a large portion of American companies as we continue our march toward globalization. Between '06 and '07 they alone have purchased 611Billion dollars worth of American companies. China's comment, when Fannie failed was, the US told us to watch them and we would learn how to make money, now the teacher has failed. Fannie and Freddie along with the lobbying firms on K street are also known as a place to work when you have finished with your Congressional job or are in between "jobs". So please be aware that what you are seeing and the sound bites you are hearing now is theater. Economists across the country have been e-mailing Washington for the last 4 days to say this current plan will not work. Don't think this is the end, it is just the beginning. Everything that I have stated here as knowledge is from information I have read, heard or discovered while doing daily stock market research for my own personal investing profits. I follow politics as it effects the stock markets. I cannot guarantee that what I have been led to believe is the truth for all. You don't want to get me started on AIG! -------------------- ![]() |
UNDEAD 1 Just wondering what every one thought about this . 09/29/08 5:14am
HammaTime Interesting stuff, James. This dovetails nicely wi... 09/29/08 10:00am
HammaTime James, thinking further about your post, I wonder ... 09/29/08 10:20am
Hellfighter ....
If you delve into his political theories, y... 09/29/08 11:10am
UNDEAD 1 This was actually sent to me from a close friend i... 09/29/08 12:21pm
HammaTime Well, now that the bill has failed (for now) and y... 09/29/08 1:42pm
UNDEAD 1 ive been marketing over seas ,i think with how che... 09/29/08 4:53pm
HammaTime
ive been marketing over seas ,i think with how ch... 09/29/08 9:21pm
HammaTime Gold down 23 already. That's an encouraging si... 09/30/08 9:13am
Robert Not saying this is my opinion but has anyone consi... 09/29/08 5:11pm
Genocide Junkie I'm certainly not smart enough to figure anyth... 09/29/08 5:29pm
Robert I just found it interesting because the DOW showed... 09/29/08 7:22pm
Hellfighter Although the market looks unpredictable with wild ... 09/30/08 12:34pm
Robert I plan on protecting my money by investing in big ... 09/30/08 2:39pm
tim I plan on protecting my money by investing in big... 10/06/08 11:07pm
UNDEAD 1 seriously! :dri 09/30/08 5:03pm
Jerry Lewis seriously! :dri
Lol that's a great ide... 10/04/08 8:10pm
Blitz If you had purchased $1000.00 of Nortel stock... 09/30/08 5:25pm
HammaTime TERRIFIC POST!!!! :P 09/30/08 10:09pm
UNDEAD 1 this coming from the same person as before,i found... 10/01/08 2:09am
UNDEAD 1 http://www.newsdaily.com/stories/tre48q2wi...ngres... 10/01/08 8:55pm
HammaTime I sure hope credit eases so people can actually bu... 10/01/08 9:26pm
UNDEAD 1 http://news.yahoo.com/s/ap/20081006/ap_on_...meltd... 10/06/08 3:05pm
Robert Dow down over 800 for the day.
As much as this wil... 10/06/08 3:09pm
THE Mechanic I plan on protecting my money by investing in bi... 10/07/08 12:47am
tim
"Tim" you've got "Robert... 10/07/08 6:09am![]() ![]() |
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