billp37

Wall Street Breakfast: Must-Know News

"Wednesday August 20, 6:46 pm ET The banks are the three biggest players in the auction-rate securities market that have not already reached a settlement with Cuomo, who is seeking deals on behalf of regulators and state authorities. Five major Wall Street firms including Citigroup Inc. and Switzerland's UBS AG have agreed to $42 billion in settlements.

For the next phase, Cuomo has directed staff to spend more time gathering facts and talking to the three banks about the sale of the risky securities, said a person inside the attorney general's office who asked not to be identified by name because he was not authorized to speak publicly."

www.prosefights.org/th...


[[t]he $330 billion auction-rate securities market ...]

MSM [aka corp/media according to george Ure] may be playing games with this story.

"The courts, in practice, can do anything they want for the reason their actions are invisible to the public. But citizens are generally powerless to do anything about it for the reason of the reason of unaccountability in this system.

"Newspapers don't report the news, they shape the news." quipped Libertad co-founder John Gowan.

Mark Twain expressed a similar sentiment when he wrote "Do not fear the enemy, for your enemy can only take your life. It is far better that you fear the media, for they will steal your HONOR. That awful power, the public opinion of a nation, is created in America by a horde of ignorant, self-complacent simpletons who failed at ditching and shoemaking and fetched up in journalism on their way to the poorhouse."

www.prosefights.org/