glenn777

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    • Fri Oct 17th 09:34 AM
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      Commented on:
      Deploying Paulson’s Capital: The Strong and Weak of It
      There is no strong of it. It's the same old con game brought to us by those who perpetrated this financial debacle in the first place. Bank inter lending rates and mortgage rates have increased since the plans announcement indicating investors aren't falling for it. The preferred stocks scam is simply a loan in perpetuity for Paulson's bank mafia (sorry to insult the mafia who are a least loyal to the US) with no chance of a profit and little chance of a payback.

      The key to solving the problem is writing down these mortgage backed securities, which hasn't been mentioned because so many are worthless that it would reveal the gross fraud perpetuated on the American people. Without a write down the banks will not trust each other and continue to hoard any money they are given in order to meet asset requirements. Sweden fixed a similar problem years ago in a few years and lost very little in terms of GDP but they forced banks to write down their loans. This is getting worse by the day. Unless the criminals running this country are removed from office forthwith and replaced with honest people like Kucinich and Paul, there is no hope and the system will crash.

      Expect a downgrading of America's credit at any time and a crashing of the dollar. America's credit is rated junk by Marc Faber and he's one of the best in the business, predicting this present crisis years ago.

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    • Sun Oct 12th 11:56 AM
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      Commented on:
      What a Look Back at the Japanese Market Tells Us
      The amount of corporate welfare is difficult to assess, but $3.3 trillion is missing from the US Treasury. American wages have been falling in real terms since about 1970. Most Americans have fallen for the mass corporate media brainwashing that transpires on American TV each day.

      Japan aside, your assumptions about what Americans need to do comes right out of the corporate playbook. Basically you are advocating a kind of corporate fascism that has proved fashionable the past 30 years or so. Look where it has led to: Cheney and his neo-nazis and a busted financial system and people, along with a government focused on its military empire and not its people.

      However, there is an individual playbook that says if the funds now going toward corporate welfare and our military empire, and our welfare system were made more efficient, money could be allocated toward education and motivating Americans to live healthier and more productive lifestyles unlike that which corporate TV now promotes. The result: Americans standard of living would rapidly rise.

      The present corrupt Enron (1/2 the Congress was involved in Enron payoffs) written large Junta running American government needs to be removed and replaced with a honest efficient government working for the health, freedom and welfare of the people. I believe if these ideals were enacted America, within 10 years, could again lead the world, by example, in freedom, progress and spirit and be debt free.

      Nothing will change until the present system collapses and Americans realize that this collapse is no accident but due to rampant corruption and mismanagement. Governments can run economically and efficiently and for the good of all, but not when they are controlled by the present corporate mafia who neither respect the Constitution nor the people they represent.

      www.rense.com/general7...
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    • Wed Jul 23rd 10:12 AM
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      Odds Are GSE Bailout Won't Cost Anything
      One would think people would wise up by now, regarding the real cost of various government projects. They manipulate taxpayers into putting up money by quoting a low cost or just the cost of the first few months or year. S&P resports the bailout could cost more than $1.0 Trillion!
      www.clusterstock.com/2...-

      Here's an expert with experience on the subject. Listen to this video and wake up:
      www.bloomberg.com/avp/...
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    • Sun Jun 29th 19:36 PM
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      Time To Start Buying Some Dogs?
      or the past 20 years, GE Mortgage and GE Capital, now Genworth Financial have been misstating earnings and illegally swapping assets between their many companies to cover up their losses. If the rating companies knew of their fraud, they would be finished as a company. Shareholders, uniformed, don’t know of their deceipt and intentional manipulation of the numbers to meet quartely earnings projections. Their value is synthetic just like the trades they make throughout the world. Their marketing genius cannot cover up their desperation and failing companies. Indeed, the chickens have come home to roost!

      By sandra stevens-miller on Jun 22, 2008

      reggiemiddleton.bankim.../
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    • Sun Jun 29th 14:23 PM
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      Commented on:
      Adding to My GE Position
      Suitors Drop Out Of Auction For GE Card Unit

      Suitors are dropping out of auction for GE's $30 billion credit card unit. Had GE tried to sell that card unit 2 years ago there would have been 10 banks chomping at the bit to pick up that portfolio. Now, no one wants it.

      globaleconomicanalysis.../
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    • Mon Jun 23rd 07:29 AM
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      Valuing GE (It's Cheap)
      GE is virtually bankrupt. Check out it's Cash Flow. It borrowed over $50M in 2007, over $43M in 2006 and less than $9M in 2005. Borrowings are increasing exponentially while the cash to pay for those borrowings is approaching zero. It's cash flow is coming from its borrowings. It's cash flow for 2007 was under $2M. What happens to GE as the financing and credit situation worsens?

      Debt/Equity ratio is 4, way too much debt. Where is it going to get the money to finance operations? From Bernanke?

      If you fail to understand the above then take a look at its stock price, going the way of Bear Stearns and why are investors buying so many puts on this company if it wasn't about to go bankrupt?
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