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To: maxncompany who wrote (51916)11/1/2007 8:08:12 PM
From: luds  Read Replies (1) | Respond to of 78431
 
How about the slip slip sliding away of MER-Merril Lynch



To: maxncompany who wrote (51916)11/1/2007 8:35:23 PM
From: Proud Deplorable  Respond to of 78431
 
"You may get to enjoy watching Citigroup as the first major financial to fail"

Cheering------Shock and Awe for Wall Street


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"Ladies and Gentlemen, prepare to defend yourselves! The mountain of garbage paper, weapons of mass financial destruction known as OTC derivatives, is shaking very hard.

You haven't seen anything yet.

Before the Plunge Protection Team fails they will burn the US dollar by ordering the creation of whatever unprecedented level of liquidity is required. Gold is going to $1050 at which point a battle royal will take place and thence on to $1650. The dollar is history.

The entire financial community is threatened as it has never been before. By world class greed they have killed themselves. “Not to worry, the big boys have all their money out” is the ill advice from others as to what you are about to witness.

Operation White Noise calls on the addition of liquidity as an act to protect the financial system and economy against the housing problem. That is spin for a meltdown in credit derivatives. Soon the OTC default derivatives are going belly up. At that point you know what has hit the proverbial fan. Wow, this is coming fast!"......

......"A really bad day in the War Department. Cost sharing becomes total cost to the USA.

Japan ends 'war on terror' mission

TOKYO (AFP) — Japan ordered home ships engaged on a refuelling mission in the Indian Ocean, halting the close US ally's main role in the "war on terror" due to domestic opposition.

Japan, which has been officially pacifist since the end of World War II, has supplied fuel to US and other forces operating in Afghanistan under legislation first passed after the September 11, 2001 attacks on the United States.

But the government failed to extend the mission as the main opposition party, which controls one house of parliament, has vowed that Japan should not take part in "American wars."

Defence Minister Shigeru Ishiba issued orders at 3:00 pm (0600 GMT) for Japan's two ships in the Indian Ocean -- the destroyer Kirisame and the supply ship Tokiwa -- to return to Japan."

jsmineset.com
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