CNBC: AIG, Merrill, Lehman, all DONE!!!

Can I correctly assume that it is the sheep that are losing their shirts on wall street this week? Should I feel bad about it? I dont. Maybe this will wake some of them up. I was advising my friends and family to get out of stocks last fall. I dont know if any did. I do know that two friends of mine that didnt heed my advice have lost just about everything they had in the market since. They listen to me now. Oh and AIG is reportedly done for if they cant raise 73 billion tomorrow. Now isnt that just stupid.

McCain and Bush both say the fundamentals are strong. I would like them to state what the fundamentals are and how/why they are strong.

Goodbye.

I would be surprised if they keep their doors open this week.

As far as the OP goes, I was merely quoting the experts.

WAHOR!!
http://www.dailypaul.com/node/48994

http://biz.yahoo.com/ap/080915/paulson_markets.html
Theres nothing wrong. We the sheep should hold faith in the nations financial system. Everything is going to be alright you guys. We are all safe. Go out and take out some loans to have a night on the town. Yippee. Hip hooray.

It's hard to believe that Merrill and Lehman have both managed to survive through a civil war, a depression, two world wars and multiple recessions but neither company can survive the 'so-called' recession that the media keeps telling us that we're in.

Dump the dollar and buy gold and silver while you still can!

-John
http://www.voteubele.com/AIPAC.htm
john@voteubele.com

Who will sponser Manchester United next year?

HOW ABOUT A PARTY BOMB!
View Edit
Posted September 15th, 2008 by ruckmanite
It seems to me that if all of us switch to third party now, perhaps all on the same day it would create alot of news for the revolution especially with the way the stock market is headed. The headlines could be:

" worst day on wall street in 90 years appears to cause a loss of confidence in the democratic and republican parties as 100,000 former ron paul supporters launched what they called a party bomb today by signed up for the constitution party sending a very loud vote of no confidence in the two party system that has created the present financial crises".

This could be bigger exposure than ron pauls money bombs especially if we have a baldwin money bomb on its heels.

"Ron pauls assertion that the country would be better off without the fed and paper money while drawing criticism from wall street is apparently helping his supporters as 100,000 gave a vote of no confidence in the two party system by pledging 7 million dollars to third party candidate 'the day i take office the nwo comes tumbling down' Chuck Baldwin!

The two stories create a third story. problem (stock market) reaction (loss of confidence in fed and paper money) solution (switch to third parties).

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

How much per individual will it be if we divide the cost by the U.S. population?

Or, how much per household will it be if we divide the cost by the number of households in the U.S.?

Will this number be a pretty good rough estimate of the cost of the bailout per tax payer?

What a bone head!!!!!!!!!

You'll start thinking this is a good thing!

These hosts are like robots... with the exception of Rick Santelli who has at least pointed to the fact that the govt. is Socialists.

Mike
"Fire Team for Freedom" and "Revolutionary Business"
visit www.mikeandjake.com

http://news.yahoo.com/s/ap/20080915/ap_on_bi_ge/financial_me...

Christopher Whalen, managing director of Institutional Risk Analytics, a research firm, predicts that approximately 110 banks with $850 billion in assets could close by next July. That's out of 8,400 federally insured institutions, he said, which together hold $13 trillion in assets.

Individual customers are starting to get nervous about the financial health of their banks for the first time in generations, he said. Whalen's firm analyzes the safety and soundness of banks for business clients, but began receiving inquiries from individuals in the past two months for the first time, he said.

"If we don't get ahead of this, we are going to face a run on the retail banks by election day," he said.

i googled: weimar germany burning german marks photos - and got this!
http://www.bitsofnews.com/content/view/5955

a new site for me. some good info and graphs...check it out!

check out the infamous photo at the bottom of the link of the woman burning
her german marks in her wood stove.

FROM THE ARTICLE!!!

Happy Birthday!

Which brings us to an ironic anniversary. While the Federal Reserve is busy monetizing debt by creating money out of thin air, today happens to be the 88th anniversary of the birth of the Weimar Republic.

Ron Paul is My President

Take a look at this video..............

http://finance.yahoo.com/tech-ticker/article/56654/Crisis-on...

GOD BLESS US ALL

http://news.yahoo.com/s/ap/20080915/ap_on_bi_ge/financial_me...

Ron Paul is My President

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

....a gulf of tonken event, martial law....bam.

are we at all far off from this?

Murray N. Rothbard ends his 150 page book "The Case Against the Fed" with a simple plan to abolish the Fed and return to the gold coin standard. From the last paragraph:

"One great advantage of this plan is its simplicity, as well as the minimal change in banking and the money supply that it would require. Even though the Fed would be abolished and the gold coin standard restored, there would, at this point, be no outlawry of fractional-reserve banking. The banks would therefore be left intact, but, with the Federal Reserve and its junior partner, federal deposit insurance, abolished, the banks would, at last, be on their own, each bank responsible for its own actions. There would be no lender of last resort, no taxpayer bailout..."

Available at
http://www.mises.org/store/product.aspx?ProductId=69

.

Wall Street crisis: Is this the death knell for derivatives?

Excerpt:

[Warren] Buffett made a gloomy prediction half a decade ago. "The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear," he said. "Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts."

That event has duly arrived. Lehman Brothers has declared bankruptcy. Merrill Lynch has rushed into the arms of Bank of America. AIG, once the US's largest insurer, is pleading with the Fed for funds.

World stock markets sink on Wall Street crisis

Excerpt:

A global consortium of banks, meanwhile, announced late Sunday a US$70 billion pool of funds to lend to ailing financial companies, a move geared toward preventing a worldwide panic on stock and other financial exchanges. The U.S. Federal Reserve chipped in with more largesse in its emergency lending program for investment banks.

The shake-up was needed to restore confidence in the markets, said Lorraine Tan, director at Standard & Poor's equity research in Singapore.

"A lot of people are getting burned," she said. "It's better to get this out of the system. Hopefully for the U.S. this could be it as far as potential failures of investment banks."

Stocks set for big sell off

Excerpt:

NEW YORK (CNNMoney.com) -- Wall Street braced for a huge stock selloff Monday after one of the most calamitous days in U.S. financial services history resulted in Bank of America's $50 billion deal to buy Merrill Lynch and the bankruptcy filing of Lehman Brothers.

And then there's this one, which has me a little confused:
Lehman Brothers file for bankruptcy

Excerpt:

Additionally, ten Wall Street banks have agreed to set up a collateralized borrowing facility, and committed to fund for $7 billion each.

The banks are Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, and UBS. These banks have said they are committed to fund $7 billion each for a $70 billion collateralized borrowing facility.

The banks add that they are working together to assist in maximizing market liquidity through ongoing trading relationships, dealer credit terms and capital committed to markets. This will also facilitate the orderly resolution of OTC derivatives exposures between Lehman and its counterparties.

All ten banks say they intend to use expanded federal reserve primary dealers credit facility this week. The banks say their actions reflect "extraordinary market environment".

Did you see Merrill Lynch included in that list? Yeah, so did I. How are they participating in a $70bn fund when they themselves are being bought out by B of A for pennies on the dollar?

ML's motto used to be, "We're bullish on America." I think that second word needs to be altered a bit now.

http://digg.com/business_finance/Lehman_up_for_auction_on_EBay

The Q and A section is hilarious!

--------------------------------------
http://silversnowball.com/291

So much for Bushonomics...

I am thinking about listing the "Federal Reserve" on Ebay. I have over 20,000 feedback's, and I am a power seller......I know this will go #1 on Digg if I do it...but should I risk my entire Ebay account for this???

I will post it with photos and full reference to how "We" started the Federal Reserve........can you imagine...

Should I do it or not??