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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (46188)	2/5/2009 8:36:45 PM
From: RJA_	2 Recommendations Read Replies (1) \| Respond to of 217976

For those that are interested -- Here is Live, the Madoff testimony from Wednesday. Featured is Mr. Markopolos, the fraud investigator and forensic accountant who repeatedly tiped off the SEC as to what Madoff was up to. His testimony begins at apprx the 12 minute mark. c-span.org It is followed by testimony of high level management at the SEC. I have never seen such an insipid bunch of professional suck ups doing anything possible to stonewall and duck their professional responsibility. Their attorney even invoked executive privilege. If you don't have the desire or patience or stomach to watch the whole thing, here is a snipped of Rep. Ackerman of NY laying into the sec. This guy is genuinely pissed as many in the NY Jewish community lost millions. Aged philanthropists are now beggars. youtube.com From Markopolos: "the SEC is captive to the industry it regulates. It is afraid of bringing cases against the largest most powerful firms."

To: TobagoJack who wrote (46188)	2/6/2009 1:29:45 AM
From: elmatador	Read Replies (1) \| Respond to of 217976

Moody's says U.S. financial position deteriorating. That after one year of recession. Brazil would have got ZZZ- long ago... Laughable as Lula said. U.S. Treasurys issued to the public are "most certain" to be paid, wrote Steven Hess. "Whether in 2010 or after, interest rates are almost certain to rise from their current low levels and the affordability of the federal government debt will deteriorate," analysts said. Moody's says U.S. financial position deteriorating By Deborah Levine Last update: 3:08 p.m. EST Feb. 5, 2009Comments: 35 NEW YORK (MarketWatch) -- The Aaa-rating coveted by the U.S. is still stable, though it's unclear how much the government's interventions in financial markets and economic stimulus will affect its deteriorating financial position, Moody's Investors Service said Thursday. U.S. Treasurys issued to the public are "most certain" to be paid, wrote Steven Hess, Moody's senior credit officer, in a research report. The government had $5.8 trillion in debt held by the public at the end of 2008, the rating agency said. The government's ratio of debt to gross domestic product, and debt and interest payments to federal revenue, will rise to levels that are high for a country rated Aaa-rated. "Whether in 2010 or after, interest rates are almost certain to rise from their current low levels and the affordability of the federal government debt will deteriorate," analysts said. It's difficult to determine the impact of purchases of preferred stock of housing agencies Freddie Mac (FRE:Freddie Mac News , chart , profile , more Last: 0.520.000.00% FRE 0.52, 0.00, 0.0%) and Fannie Mae (FNM:Fannie Mae News , chart , profile , more Last: 0.520.000 FNM 0.52, 0.00, 0.0%) , any purchases under the Troubled Asset Relief Program or other capital provided to banks. As "these figures represent the purchase of assets, their ultimate effect on government debt is not clear," analysts said. "Government could realize a net gain or a net loss." Nonetheless, "structural fundamentals, political stability, and still favorable post-crisis economic prospects support the stable outlook for the Aaa ratings of the United States."