Slick Rick

Ken Lewis Finally Gets It Right: 3 More Banking Myths to Add to His 6

Somewhere along the path of this chaos there exists a mountain of bold faced lies. a corporate news media has done its job of spreading the propoganda to the hilt without ever explaining what any of this means.

There is no bank without the people who run them. these people have paper work and accounting records that must be validated. I'm so tired of everyone making excuses for the people who were paid to know what was going on.

But instead we have time for steroid investigations. what a country?

The Fed's Last Stand: Lower Spreads vs. Default Risk

Why is everybody looking for this great depression? Is there an American fascination to watching people suffer? The fact is simple. If our government and the FED were not bigoted and self-conscious about actually appearing to help the middle class, then a financial tragedy could be avoided. Instead what I hear is a complete manufactured overwhelmngly amount of propoganda that is obssesed with their own talking points about how bad things are going to get. I'm starting to think there is a contest for the journalists who can continue to paint the bleakest most dire images of the future. What I don't hear are solutions. What I don't hear is a process of who is accountable. What I don't hear is angry media criticism of President Bush. What I don't hear is about how people who never loaned a dime will make money off of CDS through the settlement rate. To those readers, just let me tell you that there are many beneficiaries to these so called bankruptcies which is why our media is so complacent about this issue and fall of Wall Street.
In addition there are some other ideas and lies that will be promoted by the main stream media around the whole process of foreclosure, zoning, and gentrification that one would think we were a third world country. Frankly I'm selling eurodollars (libor) as far as the eye can see to get ready for another lie about rising inflation.

recommendation: Documentary called MONEY MASTERS on google video. A Must See!


On Jan 09 03:01 PM constructe wrote:

> Full faith and credit of the US government is laughable right now.
> There isn't enough of that to fill a bathtub.
>
> I agree that something needs to be done about the CDS market. It's
> crooked filled with a shadowy play of off balance sheet shennaniganism.
>
>
> The US buying them or supporting them by buying the crappy underlying
> bad bonds won't solve the situation. First and formost the CDS market
> needs full transparency. And the big CDS gamblers need to face the
> piper, not the US citizen.
>
> Suss out the muck before you start fixing things...

Why Aren't Stocks Falling?

Let's all recognize one important fact-markets and stocks don't rise on the facts of great earnings and seemingly solid performance. If that were the case then all an investor would have to do is find companies that continually make great earnings and presto mo money mo money.

But as any novice investor knows who has fallen into this fundamentals trap its not that easy. The dot com bust even thought it ended poorly proved that financial institutions are perfectly willing to BUY regardless of current proven information. I hate to say buy the rumour sell the fact here, but this is the single head fake that leaves the average investor scratching their heads. Will the market plummet? perhaps. But if you're a fund manager and don't want to see, outsmarted by your fellow risk takers in the next 12 to 18 months, then some buying has to take place under the support of a new administration that the global community sees as the biggest bullish signal since Google went publc. Besides at some point we're going to need inflation to be triggered by something.

Slick Rick


On Jan 08 12:11 PM Herbert Hoover wrote:

> Reality trumps hope every time. It's gonna get ugly - fast.