Showing posts with label Debt Slavery. Show all posts
Showing posts with label Debt Slavery. Show all posts
Sunday, July 5, 2009
Sunday, May 10, 2009
My Apologies...
...If You Followed This Banner Link Recently:
The link was being redirected to a site that I do not in any way support or condone.
I took it down as soon as it was brought to my attention.
My apologies to anyone to whom I have misrepresented myself. To be clear,
I am not a Nazi.
I support NOTHING Nazi-related.
Period.
Come back soon!
Sunday, January 25, 2009
3EN - Educating Bankers Since 2009
A Couple Of Our Friends From
JPMorgan Chase Stopped By Recently...
I hope you folks enjoyed your time with us.
Comments are always welcome!
Wednesday, November 5, 2008
Monday, October 13, 2008
Barack & The New World Order
I can't make the bipartisan march toward
a police-state One World Government any clearer than this.
We Must Wake Up And Face It!.
A preliminary step is to recognize simple symbolism.
Pyramids/Triangles, The All Seeing Eye, and Suns/Sunrises are the easiest to spot.
You can start with the Obama logo...
"We are grateful to The Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."
-David Rockefeller, 1991 Trilateral Commission meeting
It seems that TIME magazine and CNN agree:
Obama's New World Order
Wednesday, April 23, 2008
Subprime Crisis Far From Over
Banks' Credit Crisis Over? Not So Fast
By Rachel Beck
Associated Press
Bank CEOs missed the mark in forecasting the destructive path of today's credit crisis. That's why we shouldn't take too seriously their predictions that it is almost over now.
Some of Wall Street's biggest names have been proclaiming in recent weeks that the worst of the financial market turmoil is likely done. JPMorgan Chase's Jamie Dimon thinks it is "maybe 75 percent to 80 percent over," while Goldman Sachs' Lloyd Blankfein says "we're closer to the end than the beginning."
Those kind of comments helped put a positive spin on what otherwise would have been a tough earnings season for financial companies, which have tallied massive losses as mortgage and other debt woes continued to weigh on their businesses.
It's in the CEOs' best interests to steer sentiment higher. If people feel better about the state of the economy or financial markets, that will lead to more deals or stock trading and will boost bank profits.
The data don't back up their happy views, however. We're still stuck in a painful housing downturn, mortgage defaults continue to soar, and rising inflation is hurting businesses and consumers.
The credit crisis has led to more than $200 billion in write-downs taken by banks and financial firms over the last year — far more than anyone had expected, given the optimism of those companies' CEOs last summer.
As the housing market contraction accelerated and subprime borrowers were increasingly defaulting on their home loans in the first part of 2007, those executives were telling us not to worry.
Last June, Bear Stearns CFO Sam Molinaro talked about how the high level of subprime mortgage defaults hadn't "spilled" into other areas of the market. Merrill Lynch CEO Stan O'Neal said the subprime crisis was "reasonably well contained."
And in July Citigroup's CEO Chuck Prince said: "When the music stops in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing."
All those executives are now out of work and all their banks are now wallflowers.
By August, risk aversion spread through the marketplace, and has since paralyzed credit markets and caused a tightening of lending standards for consumers and businesses.
That's why we might want to listen cautiously to what the bank CEOs are saying now. Richard Fuld, CEO of Lehman Brothers, commented at the company's annual meeting that the worst is "behind us." Morgan Stanley CEO John Mack told investors that the collapse of the subprime market in the U.S. has reached its eighth inning or maybe the "top of the ninth."
Weighing against that are findings of a new CEO survey from the Financial Services Forum, which represents 20 of the largest U.S. financial companies. The survey showed that executives by a wide margin believed that the current credit turmoil has far to go; one in three of those CEOs polled put the likelihood of a recession at 100 percent.
Among the trade group's members is current Merrill Lynch CEO John Thain, who reported on Thursday that the investment bank had a $2.14 billion first-quarter loss and write-downs of $6.5 billion on its debt including mortgage-related securities and leveraged loans.
"I hope those who say we are at the end are correct. I am somewhat more skeptical," Thain told the Financial Times after the earnings were released.
Last summer, Bank of America's Ken Lewis seemed confident that the end was nearing for the housing slump. On Monday, the Charlotte, N.C.-based bank said its profits tumbled 77 percent in the first quarter due to trading losses and a $3.3 billion increase in reserves for problem loans.
"I think first it would be too early to strike up the band and sing happy days are here again," Lewis said Monday on a conference call with analysts during which he said the situation in the capital markets was particularly tough in March.
Forget about ninth, or even eighth inning. Maybe we haven't even gotten to the seventh inning stretch yet.
Some of Wall Street's biggest names have been proclaiming in recent weeks that the worst of the financial market turmoil is likely done. JPMorgan Chase's Jamie Dimon thinks it is "maybe 75 percent to 80 percent over," while Goldman Sachs' Lloyd Blankfein says "we're closer to the end than the beginning."
Those kind of comments helped put a positive spin on what otherwise would have been a tough earnings season for financial companies, which have tallied massive losses as mortgage and other debt woes continued to weigh on their businesses.
It's in the CEOs' best interests to steer sentiment higher. If people feel better about the state of the economy or financial markets, that will lead to more deals or stock trading and will boost bank profits.
The data don't back up their happy views, however. We're still stuck in a painful housing downturn, mortgage defaults continue to soar, and rising inflation is hurting businesses and consumers.
The credit crisis has led to more than $200 billion in write-downs taken by banks and financial firms over the last year — far more than anyone had expected, given the optimism of those companies' CEOs last summer.
As the housing market contraction accelerated and subprime borrowers were increasingly defaulting on their home loans in the first part of 2007, those executives were telling us not to worry.
Last June, Bear Stearns CFO Sam Molinaro talked about how the high level of subprime mortgage defaults hadn't "spilled" into other areas of the market. Merrill Lynch CEO Stan O'Neal said the subprime crisis was "reasonably well contained."
And in July Citigroup's CEO Chuck Prince said: "When the music stops in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing."
All those executives are now out of work and all their banks are now wallflowers.
By August, risk aversion spread through the marketplace, and has since paralyzed credit markets and caused a tightening of lending standards for consumers and businesses.
That's why we might want to listen cautiously to what the bank CEOs are saying now. Richard Fuld, CEO of Lehman Brothers, commented at the company's annual meeting that the worst is "behind us." Morgan Stanley CEO John Mack told investors that the collapse of the subprime market in the U.S. has reached its eighth inning or maybe the "top of the ninth."
Weighing against that are findings of a new CEO survey from the Financial Services Forum, which represents 20 of the largest U.S. financial companies. The survey showed that executives by a wide margin believed that the current credit turmoil has far to go; one in three of those CEOs polled put the likelihood of a recession at 100 percent.
Among the trade group's members is current Merrill Lynch CEO John Thain, who reported on Thursday that the investment bank had a $2.14 billion first-quarter loss and write-downs of $6.5 billion on its debt including mortgage-related securities and leveraged loans.
"I hope those who say we are at the end are correct. I am somewhat more skeptical," Thain told the Financial Times after the earnings were released.
Last summer, Bank of America's Ken Lewis seemed confident that the end was nearing for the housing slump. On Monday, the Charlotte, N.C.-based bank said its profits tumbled 77 percent in the first quarter due to trading losses and a $3.3 billion increase in reserves for problem loans.
"I think first it would be too early to strike up the band and sing happy days are here again," Lewis said Monday on a conference call with analysts during which he said the situation in the capital markets was particularly tough in March.
Forget about ninth, or even eighth inning. Maybe we haven't even gotten to the seventh inning stretch yet.
Monday, March 10, 2008
A Crash Course In Zionism & The Ashkenazim
The Political And Economic Control Of This Country By
Criminal Zionists Is One Of The Greatest Threats We Face
You Have Been Warned!
The Other Israel
Please Listen To Or Read The Speech Below
For A Concise History Of Global Zionist Crimes
Benjamin Freedman On Zionism (Text)
More Info:
Prothink
Seeking Truth News
Wednesday, January 30, 2008
FBI Smells A Rat In The Subprime Crisis
FBI Investigates 14 Firms In Subprime Crackdown
By Randall Mikkelsen
Reuters
The FBI has opened criminal investigations into 14 corporations as part of a crackdown on improper subprime lending, agency officials said on Tuesday.
FBI officials told reporters the probes involved potential violations, including accounting fraud and insider trading.
They did not identify the companies. But the probes reached across the industry to include developers, subprime lenders, companies that securitized loans and investment banks that held them, said Neil Power, head of the FBI's economic crimes unit.
"We anticipate in the next year that another wave of adjustable rate mortgages will reset and with that we anticipate that the mortgage corporate fraud potential cases to increase," said Sharon Ormsby, head of the FBI's financial crimes section.
The FBI is investigating the corporate cases in parallel with the Securities and Exchange Commission, which has opened about three dozen civil investigations into the subprime market collapse. Some of the probes overlap, an official said.
Targets of the SEC probe include Swiss bank, UBS, AG and U.S investment banks Morgan Stanley, Merrill Lynch, Bear Stearns, as well as bond insurer MBIA.
The SEC, which has formed an internal subprime mortgage task force, is looking at how financial firms priced mortgage-based securities and whether they should have told investors earlier about the declining value of those securities.
The agency has about 1,200 active cases, up 40 percent from 2006, with 321 criminal complaints or indictments, officials said.
"Subprime loans are decreasing but ... suspicions of mortgage fraud are increasing," Ormsby said.
FBI officials told reporters the probes involved potential violations, including accounting fraud and insider trading.
They did not identify the companies. But the probes reached across the industry to include developers, subprime lenders, companies that securitized loans and investment banks that held them, said Neil Power, head of the FBI's economic crimes unit.
"We anticipate in the next year that another wave of adjustable rate mortgages will reset and with that we anticipate that the mortgage corporate fraud potential cases to increase," said Sharon Ormsby, head of the FBI's financial crimes section.
The FBI is investigating the corporate cases in parallel with the Securities and Exchange Commission, which has opened about three dozen civil investigations into the subprime market collapse. Some of the probes overlap, an official said.
Targets of the SEC probe include Swiss bank, UBS, AG and U.S investment banks Morgan Stanley, Merrill Lynch, Bear Stearns, as well as bond insurer MBIA.
The SEC, which has formed an internal subprime mortgage task force, is looking at how financial firms priced mortgage-based securities and whether they should have told investors earlier about the declining value of those securities.
The agency has about 1,200 active cases, up 40 percent from 2006, with 321 criminal complaints or indictments, officials said.
"Subprime loans are decreasing but ... suspicions of mortgage fraud are increasing," Ormsby said.
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