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

To: Joe S Pack who wrote (48260)	4/6/2009 11:53:07 AM
From: TobagoJack	Respond to of 218650

just in in-tray "When the man in charge of the second largest borrower in the U.S. is willing to lose his job due to his discomfort with the FASB's shift in accounting rules, you can bet that the tragic fallout of all the "market buoying" recent events is only a matter of time." So FHLB Bowser joints the list of regulatory experts resigning-- FDIC's Powell (2005), OFHEO's Falcon (2006), FED regulators Spilllenkothen, Olson, Bies (2006-7). There is a pattern. Those with experience and integrity have left/are leaving. Thursday, April 2, 2009 FHLB Chairman Disgusted With FASB Accounting Alchemy, Quits Submitted by Tyler Durden, publisher of Zero Hedge <http://zerohedge.blogspot.com/> When the man in charge of the second largest borrower in the U.S. is willing to lose his job due to his discomfort with the FASB's shift in accounting rules, you can bet that the tragic fallout of all the "market buoying" recent events is only a matter of time. Somehow this noteworthy event, which happened over a week ago <http://www.fhlb-of.com/analysis/press_rls/OF-bod032409.pdf> , passed substantially unnoticed until Zero Hedge friend Jonathan Weil bloomberg.com at Bloomberg dug it up. Loan Bank System's Office of Finance and previously served as U.S. comptroller general may be the only truly honorable man in the socialist nexus of politics and finance. The reason for his departure from this critical post - his discomfort in vouching for the banks' combined financial statements. And as Weil puts it succinctly: "Now the question for taxpayers is this: If Charles Bowsher can't get comfortable with these banks' financial statements, why should anybody else be?" Why indeed. If Bowsher was merely involved with some marginal organization, this could be perceived as a hypocritical attempt to score populist brownie points. However, the FHLB is among the governmental entities at the heart of the current problem.

To: Joe S Pack who wrote (48260)	4/6/2009 12:29:56 PM
From: elmatador	Respond to of 218650

American oligarchy feasting. Message 25463453

To: Joe S Pack who wrote (48260)	4/7/2009 4:26:40 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218650

That is why he supported Obama now he gets its bribe back with substantial capital gains

To: Joe S Pack who wrote (48260)	5/1/2009 7:14:10 AM
From: elmatador	1 Recommendation Read Replies (2) \| Respond to of 218650

Warren Buffett is facing a tough weekend. As he's been doing for decades, Buffett will face investors tomorrow "to explain his worst year ever, with the usually adoring crowd set to probe the legendary investor on his bargain-hunting strategy, succession plans and views of the crisis," The Financial Times reports. The FT predicts the occasion will be anything but cordial. "The hard questions will be asked this year," James Altucher, a hedge fund manager and author of Trade Like Warren Buffett, tells the FT. "There will be people who always stand by him and others who will ask: 'Have you lost your way?'" Buffett, as always, will have his sidekick there to help, 85-year-old vice chairman Charles Munger. Both Buffett and Munger see a silver lining in all the talk about increased government regulation of banks and financial services firms, the WSJ points out. If regulators start to put limits on the amount of leverage, or borrowed money, banks can use, this will ultimately drive down Wall Street pay and the number of high-risk bets Wall Street firms can make. "There's going to be new rules in the game," Munger tells the WSJ. "For someone like us, that's going to be very interesting."