michaelblomquist

Five Reasons the Market Could Crash This Fall

Wall Street is broke(n). This is not a short or long argument. At one time Wall Street provided a much needed boost for businesses to access capital, but now it more closely resembles a rigged casino.

Unfortunately, the Casino and the rampant corruption within our government may have just destroyed our Nation.

If you can NOT see that you are blind.

There are NO valid arguments for this behavior or those within our government which have tolerated it.

On Aug 04 08:23 AM JosephN wrote:

> Wow, the fear mongering in this article is palatable.
>
> Yes without program trading there likely would have been no bid during
> the crash and the country could now be in Great Depression II. However
> the liquidity added by HFTP insured there was a bid, thereby propping
> the market up long enough to for us to try and fix it. And while
> some people claim to think this is a bad thing, I just smell 'short'
> when I see articles like this.
>
> The bottom line if the banks are manipulating the market, they are
> doing so to save themselves, the world economic system, and the rest
> of us to boot, almost certainly in that order.
>
> Nothing to do but buy the banks and sit tight.
>
> And if they don't then a war is coming to realign the political and
> economic world. Its easy to see, deficit spending on the military
> to pull out of an economic malaise is a time honored tradition right
> out of Imperial Japan or Nazi Germany and all the way back to the
> Roman emperors.
>
> In which case, buy defense, sit tight.
>
> Now that's fear mongering!

Paulson Should Remain Treasurer Through the Elections

What NO ONE realizes is the amount of fraud and worthless debt that still remains within Fannie/Freddie and hundreds of banking institutions. The market has maybe...MAYBE realized 30% of the pending losses from many years of fraudulent lending.

These enormous bailouts will only kick the can into 2009; if that long. America is bankrupt. PERIOD. Instead of digging deeper we need to restructure our debt before we completely collapse or our "leaders" get us into WWIII.

Call congress and demand prosecution of these white collar crimes and criminals. The financial losses will be nothing compared to a complete loss of confidence in "free market" capitalism and the US of A.

Mortgage Fraud Is on the Rise, Infecting the GSEs

I highly doubt the fraud is up; the problem is depreciation. I know some of you may find this hard to believe, but the Lenders, I-banks and credit rating agencies were looking the other way and knowingly funding fraudulent loans. In they heyday there was little reporting of fraud, but it did exist. Today, there is no double digit appreciation to bail out the defaulting borrowers, Lenders, etc. so they are stuck with a bad loan instead of being able to sell it or refi the turd.

Dinochick: Did you work for any of the I-banks, which lenders?