Alex S. Gabor

Don’t Buy What Wall Street Is Selling

When are all the idiots and morons going to wake up and realize that the United States Dollar isn't worth trading with any more...????

Penny's will soon be worth more than a dollar just as collectors items!

Washington Mutual Busted: Too Early to Bottom Fish the Sector

Washington Mutual is a bankrupt bank. The only people who don't know it yet are the stock brokers who keep flinging the stock around the planet, and the employees who don't have a clue about customer service! Read my article about WAMU written presciently many moons ago! It doesn't take a genius to figure out which banks are corrupt! They all are!

Washington Mutual Busted: Too Early to Bottom Fish the Sector

ITS NOT JUST OPTION ARMS AND DEFERRED NEG AMS DISAPPEARING FROM BALANCE SHEETS. CONSIDER ALL THE SECOND MORTGAGES THAT WERE SPUN INTO THOSE OFF BALANCE SHEET ENTITIES LIKE THE ONE'S PRINCE GOT TANGLED UP IN AT CITIGROUP. IF THE FIRSTS ARE UNDER WATER, THE SECONDS ARE ALL POOF BALLS OF PUFFERING PUKE ON THE BALANCE SHEETS OF THESE PHONY PILLARS OF SOCIAL RESPONSIBILITY. IF I WERE THE KING OF THIS WORLD BANKS WOULD BE OUTLAWED AND REPLACED WITH INTEREST FREE MONEY MANAGED BY A GLOBAL NON PROFIT WITH 6 BILLION STAKE HOLDERS.

Washington Mutual Busted: Too Early to Bottom Fish the Sector

Washington Mutual, Citigroup, Bank of America, Freddie Mac, Fannie Mae, they are all part of the same flock of feathers that will be feckled out of this fiasco. A decade from now those names will be historic footnotes of the global depression of 2008.