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To: LTK007 who wrote (102095)	3/12/2009 7:02:15 PM
From: benwood	Respond to of 110194

"This i see as a mass propaganda campaign to 'win back the peoples trust' ..." Actually, it just seems like ordinary rah rah in a bear market. Fan the fuel behind the bear market rally. I think this one has small legs, although frequently a big rally turns around at midnight so who knows. They've put together a small rally, stuff was oversold, we're in the eye of the hurricane for banks, so party on, dude and dudettes.

To: LTK007 who wrote (102095)	3/13/2009 1:32:57 AM
From: NOW	Read Replies (1) \| Respond to of 110194

BUT, IF they can tie the markets revival to forgiving these asshats sins, it may just work

To: LTK007 who wrote (102095)	3/13/2009 12:46:31 PM
From: LTK007	Read Replies (1) \| Respond to of 110194

<<Summers: 'Excess of fear' must be broken>> This backs my belief in the post i am responding to that there is in fact a major action to erase "excess" fear from the the public, i state this is NOT because there is real cause to have major fear but because it is a desperate self-interest to save the corrupt greed based and at times deeply criminal activities of those that caused this disaster. ( Like wow!!They MUST have your MONEY, they MUST stop you from wanting to save and survive. DEBT IS GOOD. CONSUMERISM IS DIVINE: as this is AMERICA , this is its foundation the why we became SO RICH over the past 25 years before this HICCUP of having a few problems. America is gluttony, and the public must NOT forget that. Now open your bible where we prove GAWD is The Great Ceo in the Sky, that he loves big business and people must understand that--we are the truth and the light we are "The masters of Earth" we care about you as a BIG BROTHER.----they is all quite insane you know. Hard to be a rational man in this land--to be rational is to be DANGEROUS.) They need the public to save the "Masters of The Earth" of which Larry Summers is one the most vile. i will need dig up a quote from a Summers speech to Bankers a couple years ago saying the U.S.Financiers are making tons of money because they are so damned clever and smarter than the rest of the world financiers. He glorified the "brilliance" of derivatives. Saying it proved america financiers were superior to the rest of the world. This is same Larry Summers that Joseph Stiglitz, that worked with Rubin,Greenspan and Summers, saying he was witness to three megalomaniacs driven by lust for power were planning a fraud with their globalization, a fraud to enrich corporate america and rob the world. So here is that same damned PIG megalomaniac Summers spouting off they MUST end fear. A man about as noble and honorable than Madoff(are new word for financial villians.) ************************************************ Summers: 'Excess of fear' must be broken** By JIM KUHNHENN and TOM RAUM, Associated Press Writers Jim Kuhnhenn And Tom Raum, Associated Press Writers 24 mins ago WASHINGTON – President Barack Obama's top economic adviser said Friday the nation's economic crisis has led to an "excess of fear" among Americans that must be broken to reverse the downturn. "Fear begets fear," and that "is the paradox at the heart of the financial crisis," Lawrence Summers, the president's director of the National Economic Council, told a forum. "It is this transition from an excess of greed to an excess of fear that President Roosevelt had in mind when he famously observed that the only thing we had to fear was fear itself," Summer said. "It is this transition that has happened in the United States today." Summers spoke amid new signs of a deepening recession. The U.S. trade deficit plunged in January to the lowest level in six years as the economic downturn cut America's demand for imported goods, the Commerce Department reported Friday. The economic adviser said it's still too early to gauge the broad impact of the president's recovery program. "But it is modestly encouraging that since it began to take shape, consumer spending in the U.S., which was collapsing during the holiday season, appears, according to a number of indicators, to have stabilized," Summers told the Brookings Institution, a think tank. Summers was asked by a member of the audience what the nation's business community could do to help speed the recovery. "What we need today is more optimism and more confidence," Summers said. "Those who have sound long-term stragegy, who have investments that they want to make, who see productive opportunities, are going to find this a very good moment to make those investments," he said. "There are a very large number of things that are on sale today. Think about the cost of doing construction today, versus the cost of doing construction two years ago. "My advice to business leaders is not to foreshorten the horizon at a moment like this." On Wall Streets, stocks were seesawing after three straight days of gains. The government said the U.S. trade imbalance dropped to $36 billion in January, the lowest level since October 2002. However, while America's deficit with many of its trading partners declined sharply, the politically sensitive shortfall with China bucked the trend, rising by 3.5 percent to $20.6 billion. U.S. manufacturing companies, battered by what they view as unfair competition from China, said that the continued high deficit with that nation pointed to a need for the Obama administration to take a tougher line on trade rules with the Chinese.