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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.

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

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