Archive for October, 2008
Tuesday, October 14th, 2008
The bailout plan wants to give unlimited cash to the banks that need it with the only restriction is to use it prudently! Well if you look at the root causes of this you will see that the unlimited money to the banks is actually limited. It's really borrowed money ...
Posted in Lending Sources | No Comments »
Sunday, October 12th, 2008
Derivatives at the heart of the crisis, catastrophic losses are inevitable, financial system headed for oblivion, the new world disorder, EU doomed, Credit Default Swaps at the heart of the problem, Plunge Protection Team history, coverups for globalization failures, Bloodbath for the Yen, The heart of the current crisis is ...
Posted in Lending Sources | No Comments »
Tuesday, October 7th, 2008
Hugh Sunday explains the predators’ techniques in A short rough primer on leveraging and derivatives: “Leveraging means something like this. You sell $10 million in stock. You use this money as the basis to take out a loan so you can buy $100 million in mortgages. Now say you issue ...
Posted in Lending Sources | 1 Comment »
Tuesday, October 7th, 2008
Fed to Purchase U.S. Commercial Paper to Ease Crunch (Update1)
By Craig Torres
Oct. 7 (Bloomberg) -- The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding for corporations.
The Treasury will make a deposit with the ...
Posted in Credit Freeze News | No Comments »
Tuesday, October 7th, 2008
Twelve Step Process to ruin your economy:
1) Have a fiscal policy that creates immense deficits in good times and bad, burdening America's posterity with staggering burdens of repaying the debt.
2) Eliminate regulation of Wall Street and/or fail to enforce the regulations that already exist, instead trusting Wall Street and other ...
Posted in Credit Freeze News | No Comments »
Tuesday, October 7th, 2008
The BBC Reports that Customers of the Icesave internet bank have been warned they will probably have to claim compensation for money held in their savings accounts. Hopefully this is not a signal of things to come for more banks.
The authorities in the UK are preparing for the bank's parent ...
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Sunday, October 5th, 2008
The mass social engineering is designed so that the next installed puppet will have the benefit of blaming the previously installed puppet for all the wonderful austerity measures the US public will have to accept.
It's all over...the top takes effects that the bottom is being exposed to and then says ...
Posted in Credit Freeze News | No Comments »