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Originally posted by paradiselost333
reply to post by light_sound
Well it’s not the sixties anymore “wish it was” lol, but these days the government just ignores the people! They do not have to listen, they answer to nobody! You have to get permission from the GOVT. to protest and they have certain zones for that now. The constitution has been officially shredded and there is not a damn thing we can do about it! “already too late” If we were to dumb ,well the majority anyway, to elect a great man like Ron Paul when he runs for president which would have brought “real” change then in my opinion its over welcome to the Socialist States of America!
I would like to be optimistic on the economy and thus, the capital markets.
I refuse, however, to countenance and cheerlead for fraudulent "reporting" and false claims in the media in an attempt to prop up asset prices so that banks can issue stock into an overheated bubble market created through lies.
In my opinion, that is exactly what is going on here, and is an extension of the game-playing that occurred with the so-called "stress tests", as reported in the WSJ over the weekend:
The Federal Reserve significantly scaled back the size of the capital hole facing some of the nation's biggest banks shortly before concluding its stress tests, following two weeks of intense bargaining.
In addition, according to bank and government officials, the Fed used a different measurement of bank-capital levels than analysts and investors had been expecting, resulting in much smaller capital deficits.
....
The Fed's findings were less severe than some experts had been bracing for. A weeklong rally in bank stocks continued Friday, with the KBW Bank Stocks index surging 10%. Investors were especially relieved by the relatively small capital holes at regional banks. Shares of Fifth Third soared 59%, while Regions Financial Corp.'s $2.5 billion deficit led to a 25% leap in its stock.
Right.
The original numbers weren't what the banks wanted to hear, so they complained and got them changed. Investors were duped by this lack of disclosure of the exact nature and difference in the figures, and besides, the banks came up with the asset valuations anyway - there was apparently no independent verification.
Some of the changes were truly massive - Citibank, for example, managed to wheedle down $35 billion to $5.5, and Bank of America managed to wheedle down their $50 billion number to $33.9. Fifth Third's original number was $2.6 billion; the reported number $1.1.
Originally posted by Tyr Sog
Did I just hear the fine Dr. say, "sudo capitalist, Military Complex and Detroit "?
Why would Detroit be mentioned along with those two? Does DC have bigger plans for the SE Detroit region and it's soon to be unoccupied manufacturing plants(I'm not sure most realize how many plants there are in this area or the size of them)? How convenient would that be for Washington and their next Arsenal of Democracy to be able to waltz on in and convert them over for military items. Like in the 40's they are nearly already setup by default to start up military production.
Maybe there's more to this auto industry bankruptcy then meets the eye. Maybe I miss heard him and he didn't say "Detroit" lol. Maybe he did and there's a whole other reason everyone knows about and I just missed it in the MSM lol.
I was thinking about that the other day. How can they bail out all the banks and not make them accountable for where the money goes. But yet they are letting the big 3 fall apart. But you don't hear about the forgin car comp. Going under. Maybe they did have all this planned out and when s@it hits the fan wethere its war with iran,Russia,the american people. All there auto plant will be ready to start producing war machines. And I don't think its gunna be the "yes we can" attitude of femail workers during ww2 it will be the"yes you will"attitude of forced labor camps. and have u noticed all the cameras on the freeways in the past few years. Everone days it so you can get a ticket in the mail. But do you no anyone who ever got a ticket in the mail? I don't. Maybe something bigger is goin on. I need to do some reasearch when I get home. (Sorry gettin off topic ill be posting a thread about this soon enough)
Originally posted by paradiselost333
reply to post by light_sound
Well it’s not the sixties anymore “wish it was” lol, but these days the government just ignores the people! They do not have to listen, they answer to nobody! You have to get permission from the GOVT. to protest and they have certain zones for that now. The constitution has been officially shredded and there is not a damn thing we can do about it! “already too late” If we were to dumb ,well the majority anyway, to elect a great man like Ron Paul when he runs for president which would have brought “real” change then in my opinion its over welcome to the Socialist States of America!