James Wilson

Preview from Europe: Another Bumpy Day for Stocks

If USA produces more things at home and the trade defict drops that will be good . Other countrys can benifit from the high rate of production in China.
The USA should not be the dominate consumer of China's production .

:)~

Credit Card Crunch: Creating a New Generation of Subprime

Let Taxpayers write off GOOD WILL just like the big banks.

Good will only has any value if someone is looking to sell their business or to buy a business. How in the hell was losses of Good Will figured the last 3 quarters on the banks taxes. What base was used for the value ?

I would love to hold court for sub prime lenders in the woods with a rope.

Mr. Market Has Spoken

Now you can't trust the Largest Depositers of the Banks.

On Feb 23 12:21 PM reality chk wrote:

> Bill.
>
> Thank You.
>
> In 1959 I was 6 years old in Europe. I remember my grandfather taking
> me by the hand to a grocery store where he needed to settle up with
> the owner for the past months groceries now that he got paid. We
> passed the bank, the coffee shop, and the bakery before we got to
> the grocery. Passing the bank he said "the Devil lives in there".
> pointing to a very skinny old man sitting by the window. Later I
> remembered that and I asked for an explanation. He said "Never Trust
> a Banker" he proceeded to tell me how many wars have been started
> by greed and corruption the kind you find at the banks.
> I hope your atricle makes it past the blogs because people need to
> see the depth of the greed and corruption we are faced with today.
>
> The sad part of all this is that very few people will understand
> it, only those that have close intimate knowledge of these crooked
> practices.
>
> It is so easy for People to write thousands of stories and articles
> and blogs about the auto industry thinking that they are experts
> at it, probably because they have driven a car. Hardy anyone has
> the guts and the knowledge to write about the the Predators and Theives
> and their crooked schemes that are buried in the bowels of the banks
> and scheme wall street financial institutions.
>
> Bill
> Thanks for having the Guts and the knowledge to put something this
> controversial out in publication.

Mr. Market Has Spoken

Offshore Hedge Funds that hide profits from investors are income trying to short U.S. Banks into bankruptize .

DOES THIS MAKE SENSE ?

Why Friday Was Such a Critical Day for Bank Stocks

LOL If they only could tie gaint hedge funds/banks/subprime lenders into a RICO CASE.

What a hoot that would be to watch unfold around the country.

Why Friday Was Such a Critical Day for Bank Stocks

The President of the United States said We WILL Support the Banking System.
To some that means nothing.
To Others that means the U.S. President just threw the weight of the U.S. Government behind the banking system.
Just like the Fannie and Freddie who were foced to assume the lions share fo the fraudently written loans with overvauled appraisials. The U.S. Treasury stands behind their value.

Looks like the Hedge Funds have enough money to lay off shore and Short the U.S Market into a deep recession or depression at will.

Unless the SEC or Congrees ties the Hedge Funds to ownership of the Banks and the Subprime Lenders showing a clear picture of CRIMINAL BEHAVIOR with this being a TERRORIST ATTACK ON THE U.S. ECONOMY by PROFITEERS!!!!!!!!

Five Laws That Government Should Pass

add one more thing. Credit cards can only bill on a 30 day cycle.

This 22 day cycle of bill has customers paying compounded compound interest.

That is interest on interest on interest.

That is like Las Vagas adding the "00" to the rouletee wheel. This doubled their profits.

Fed Needs to Stop Approving (Goofy) Bank Holding Companies

If they stop allowing GOOFY bank holding companies how would JEB BUSH or KARL ROVE cash out like the did under the last bank failure with Daddy Bush ?

Top Dividend Yields of the Dow Jones Industrial Average

Funny the companys that invested the most in the USA are the ones taking the hardest hits today.

Will they want to invest in the USA in the future after being treat like this ?

Are there other places they can invest ? hmmmmmmm

Financial Firms Need to Control Their PR

So Citi would save a lot of money servicing their international investments and working with forgien Governments but now they will be forced to pay more in the short term for transportation to airports, transportation to hotels, hotel rooms, transportation back to airports and then transportation back to the office for each person. So 20 to 25 people x all those cost = 3 times the yearly cost of owning a plane out right !!!!!!!!!!!!

Bailout Accountability: Something's Rotten in the Treasury's Kingdom

Citi can create a Smith Barney overnight with the number of good talented people unemployed right now.

What is so hot about Smith Barney ?

They did not prevent Citi from buying to many overvalued mortages !

They did not even do the simple acid test for value of the AAA Paper they were buying.

30% of the AAA Paper will have Fraud from Collusion with the Appraisers and the Lender to over value the properties so it lookked good on paper.

S&P Set for 50%+ Gains? Not So Fast, UBS

All the banks are tied togeather !

They each hold a big stake in their competition which makes the banks basically Sisters in the Fianical Sector.

Here Comes a Consumer Killer

Take a look at the economic crash as a whole. Interest rates lowered. Greenspan warns at Congesssional Hearing "These artifically low interest rates can not be held logn without doing GRAVE harm to the Economy". Green Span REPLACED. Country Wide begins selling it's subprime loans. Elliot Spitzer doing a great job enforcing laws on Wall Street. Spitzer moved up and away from Wall Street. Warning begin to be heard the the Community Devolpment Act meant for poor neighborhoods to keep out drug and crime was being abused by Country Wide to make subprime loans for Gated Communities. Bush shuffles in EX-Lobbyist to head all the U.S. Programs including the Treasury, EPA and the FDA.
Country Wide expans Nation Wide. Country Wide employees it's own in house Property Appraisers to overvalue the properties. The Overvalued loans are packaged and sold as AAA+ paper.
Spitzer, as Govenor trys to stop the Predatopry Loans. The Bush Adminstration take New York and many other states to court to prevent Comsumer Protection Laws from being emforced in states around the Country.
California does not wait and files suit against Predatory Lenders.
Spitzer writes warning to the American People about the Bush Adminstration preventing state from protecting Consumers.
Spitzer get busted for sex scandel.

Bush and his buddies have planned this Economic Crash !!!!!!!!

NAFTA and Cafta can't work with U.S. Wages so high.

How low do they want to wages is what we can't figure out. Unemplyment is really about 14 % or higher and more comming.

Watch your money !!!!!! If they go for Fort Knox before Bush leaves office we are done for at least 25 years. See hyper inflation !

U.S. Credit Card Performance Indicators Continue to Weaken

What a hoot. Citi with international offices in 109 countrys stock is at $6+ while Dollar Tree which sell cheap imported junk stock is at $40+.

Some values are really out of wack.

Wall Street Breakfast: Must-Know News

Brazil where 90 % of all the farm land is owned by 4 % of the population. What a country ! Personal Security is the largest industry in Brazil. Seems people like to get home alive. Wornder Why ????

Brazil is demanding changes to the world banking system . They find a little oil off shore and now want to demand we make changes to genifit them. Keep your oil and enjoy the malaria. We can poweer the USA with wind power and geothermal. Our vechiles can run on Natural Gas and with all the Politicans we have who are full of it our Natural Gas Reserves will never run out.


On Nov 11 09:51 AM archivesDave wrote:

> Still awaiting current news on the G 20 meets in Brazil and this
> coming Sat Nov
> 15th in Wash DC. No one seems to be on top of it and the scuttlebutt
> says
> they will bring up two very important issues: A new global currency
> and slamming
> the door on off shore investing and corporation shuffling/transfer.