subscribe to my videos… 5/29/09 – gold up bigtime – bond market burst – economy getting worse – stock update Swine Flu cases in U.S. Mexico Stock market Update Obama Bernanke summers lGerald Celente unemployment glenn beck Peter Schiff obama ron paul gerald celente warren buffet jim rogers gold silver money dollar max keiser lou dobbs bob chapman alex jones david icke economy collapse downturn fall markket wall street trader lousala NWO financial meltdown subprime mortgage real estate president commercial Circuit City Federal Reserve world news tea party federal reserve banks ben bernanke tim gietner
Sep. 17, 2008.
Major U.S. stocks slumped Wednesday as an emergency loan to one of the world’s biggest companies stoked fears about the health of financial markets.
The Dow Jones industrials tumbled more than 300 points, or about 3 percent. The Nasdaq and the S&P were recording similar percentage falls.
The selloff comes in the wake of investment bank Lehman Brothers’ bankruptcy, Merrill Lynch’s sale to Bank of America, and the U.S. government announcing an $85 billion plan to bail out insurance giant American International Group (AIG).
The fallout from the housing and credit market collapse “ripples through the entire financial industry and is stretching to other industries,” Kelli Hill, Portfolio Manager at Ashfield Capital Partners told CNNMoney. “The question everyone is asking is ‘what’s going to fix this?’”
The remaining two Wall Street investment banks were hit particularly hard with Morgan Stanley down 38 percent and Goldman Sachs down 23 percent.
Max Keiser US Treasury Bonds dollar banks china financial crisis
recession depression decline US economy economic collapse meltdown federal reserve Ron Paun Alex Jones Peter Sciff Jim Rogers wall street capital bailout car industry Chrysler stock market
What’s he on about? These are tax liabilities for the future. Either he’s pointing out how dodgy they are, or he’s pointing out they stand to gain Billions!
Legatus Video:
Legatus:
http://www.legatus.org/public/index.asp
There is an odd connection here to look at:
http://avewatch.com/?p=43
Also, they appear to be involved in Building both Ave Maria University and the town of Ave Maria, Florida.
Check on Google Earth – there’s nothing there… Yet there are some very nice pictures of the place on Panorama, and the rectory. And a pic of a very drunk teenager showing her knickers!
Last week’s page suggests UBS is in trouble. The YouTube videos had an explanation of synthetic CDOs and a clip from War Games. Done now, sorry i didn’t grab it – maybe someone else did?
Synthetic CDO’s are complex little known financial instruments (insurance contracts) that are on the brink of triggering “the most colossal rights issue in the history of the world, all at once .. mandatory.”
The triggering of default on the trillions of synthetic CDOs could be a disaster that tips the world from recession into depression. Nobody knows, but it wont be a small event.
They [synthetic CDOs] have a variety of twists and turns, but it usually goes something like this:
if seven of the 100 reference entities default, the SPV has to pay the bank a third of the money;
if eight default, its two-thirds;
and if nine default, the whole amount is repayable.
Now, reinhardts predictions are around the banks. Guess which ones are listed in most of the synthetic CDO?
the three Icelandic banks,
Lehman Brothers,
Bear Stearns,
Freddie Mac,
Fannie Mae,
American Insurance Group,
Ambac,
MBIA,
Countrywide Financial,
Countrywide Home Loans,
PMI,
WashingtonMutual
General Motors,
Ford
a lot of US home builders
Six have gone already, if 1 more goes, it starts.
If 2 or 3 go down – then we are in an entirely new world of pain.
It will take out a lot of investors. Municipalities, Companies, Charities, Contries and Investors and some smaller banks. Money will simply vanish from their accounts.
Do you think the government knows? OF COURSE THEY DO! That’s why they are panicking!
BTW – This is the Seventh bank to fail in the US this year.
Regions Bank, Birmingham, AL, Acquires All the Deposits of FirstBank Financial Services, McDonough, GA:
Sep. 18, 2008.
News that central banks around the world are pumping billions of dollars into money markets in a bid to ease the current financial turmoil appeared to calm stock markets across Europe and the United States Thursday.
The package of up to $247 billion comes from the U.S. Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank of England, the Bank of Canada and the Bank of Japan.
The injection of cash, which amounts to an expansion of up to $180 billion in available funds, is an effort to fuel economic activity.
On Wall Street, stock prices were ahead in early trading. After Wednesday’s nearly 450-point drop, the Dow Jones Industrial Average was up 150 points to 10,757.
At midday in Europe, Britain’s FTSE-100 up nearly 1.9 percent, Germany’s DAX up nearly 1.5 percent and France’s CAC 40 index up 1.6 percent.
Housing prices are crashing. Bear Stearns, Lehman Brothers, and Washington Mutual, have been acquired for pennies on the dollars. Fannie Mae and Freddie Mac are under Federal Government conservatorship. U.S. Commercial banks have tightened lending standards, and a credit crunch threatens global financial markets. All of this stokes fears of an economic slowdown that many believe could result in a deep recession for the U.S. and the rest of the world.
The U.S. Treasury Department and the Federal Reserve Board developed a plan for a $700 billion bailout of Wall Street, and this bailout will be discussed by a panel of experts on the CSULB campus.
The panel will discuss what caused the crisis, what the bailout means, what the implications of the bailout are, and how Main Street, not just Wall Street, is affected.
More at therealnews.com Timothy Canova says its time to nationalize the big banks … therealnews real news politics media world markets banks collapse stocks economy
21 September 2008 … Erin Burnett Jim Cramer CNBC Street Signs Mad Money Economy Oil Prices Wall Banks Auto Industry Housing Subprime Loans Credit Crisis Bailouts Savings Great Depression
Stocks tumbled across the globe Monday as two Wall Street institutions became the latest casualties of the worst housing crisis in decades. Lehman Brothers, once the fourth largest investment bank in the US filed for bankruptcy on Monday. And Merrill Lynch, one of the largest brokerage firms in the world, was forced to sell its ets to deal with mounting losses. Some analysts say it may be the biggest shakeup in financial markets since the Great Depression. VOA’s Mil Arcega reports. …