thelastpatriotCT

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the last patriot CT

Hank Paulson: Smartest Man in the Room

"Paper is poverty,... it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788. ME 7:36

Paulson has bankrupted the treasury. Inside it's vault's you will find worthless paper. It has been used as a slush fund by his 6 friends GS, JPM, MS, BAC, AIG, and C. Redistribution of wealth orchestrated by King Henry. Unprecedented abuse and corruption, was the reserves of entire nation not enough? Now they must blunder even more from our citizens?

Is Wachovia the Worst Run Bank in America?

I will say that I have a difficult time analyzing banks but at a minimum I think it can be stated that WB's prospects are poor. I have some shorts and I am getting squeezed so I can relate. But the more I think about it the more I am inclined to short this stock even further. I would be interested to know how big a stake WB holds in Freddie and Fannie bonds. As large bond holders like China just got bailed upout by Joe taxpayer. That aside the only thing I can think of that is supporting the stock price is hype and hope! Who knows maybe manipulation. And if you think that WB is too big to fall and our grandchildren's grandchildren will have to pay to bail them out too. Then I would say take a look at the Fannie / Freddie bail out and ask yourself what is going to happen to the common shares. I am betting against this bank with my only reservation being the real possibility of a white knight. If you really think this bank will survive and be an on going concern than consider a straddle. But I would say that house odds are calling for WB to fold.

Stunning Reversals: Is This a Market or a Casino?

Great article and all excellent comments from obviously in tune investors and brilliant thinkers. Let me add this comment and correct me if I am wrong. But aren't Fannie and Freddie bond holders the real beneficiaries of the tax payer's forced generosity? And my fellow citizens doesn't that make China and middle eastern countries the ones who benefit the most? Jefferson warned us about the banks! Is their no one left with honor to rise up from this sea of corruption? The neo-cons have another five months left to completely destroy our constitutional republic. Will either of the two major candidates have the character, the lust for freedom, and the fortitude to save our union?