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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (201437)5/9/2009 10:07:40 AM
From: woogerbearRead Replies (2) | Respond to of 306849
 
Dear Skeeter Bug,

The charge you have made is a serious one. If you have inimate knowledge of this wrong doing concerning off balance sheet debt, you must come forward now. It can be anonymously, informally done through the internet or you will force us to acquire your IP address through court order. We prefer the former as we just want to know what you know. Below is an example of what is going on...

Dear David, Dan and Marshall,

A lot of investors, who did fair and comprehensive analysis on the earnings
power of the top 19 banks, have been hurt by the arbitrary last minute change
of accounting standards by Federal Regulators during the stress test to
artificially bolster banks balance sheets in the "hope" that there will be a
recovery. We believe it is illegal to "negotiate" what the losses are on a banks
books. It should be more cut and dry. Although the media has hyped this green
shoot theory, there is no evidence that a recovery is really underway, exampled
by the suspect revisions in the February and March employment numbers that
began the March rally. If the real numbers on employment came out in February
and March, there would not have been a rally in the first place as it shows that
job losses are actually accelerating.

We are contacting the New York Attorney General's office and filing a lawsuit
and focusing in on Capital One regarding this issue. In reality, the company's
financial health could not be worse due to its sky rocketing credit card defaults
but we believe the Federal regulators did not include their off balance sheet
entities in the test, artificially inflating their TCE ratio. We also believe that
Goldman Sachs, who had inside knowledge of this affair, raised their price
recommendation of the stock and jumped on the bid the past few days, which is
know as "front running" and is illegal.

It is no coincidence that many of the these institutions had shelf registrations
ready to go before this artificial run-up and many made large profits from
inside knowledge that all this was going down at the expense of others who did
their research on these banks. This is clearly fraud and we are concerned that
many of the off balance sheet toxic assets will simply disappear through off
balance sheet entities and laundered through phony corporations and possibly
onto public debt. There are rumors that this is exactly what is happening at
Capital One. Even if this aspect of the fraud does not turn out to be true, we are
still pursuing the issue of balance sheet debt not in the stress test and the front
running by Goldman.

It appears that the three of you have intimate knowledge of many of the tactics
that are occurring, evidenced by your recent article and would like to
commission your cooperation in this matter to bring this fraud out into the open
ala Enron.

It does the United States no good to defer the problems of this country in the
hopes of a better time, while at the same time hurting legitimate investors in
the public markets.

Please contact me at your earliest convenience so we can discuss further.

Best regards,

xxxx



To: Skeeter Bug who wrote (201437)5/9/2009 10:37:57 AM
From: Think4YourselfRespond to of 306849
 
I have become somewhat bullish on bank stocks as well after thinking about it Friday. The government is giving them taxpayer money like there is no tomorrow (is there?). The banks clearly own the government. The system is going to collapse, but the banks are going to be the last to suffer. The truly ironic part is, the bankers are the ones who caused most of these problems.

The president and Clowngressmen can make all the pretty speeches they want. Bottom line is, they work for the bankers. Of that there is no doubt whatsoever. The only way to stop the madness is to stop the government, and that isn't anywhere near close to happening. The people are too busy watching American Idol to realize the government is robbing them blind.

I actually suspect the banks are borrowing money from the TLGP (Taxpayer Legislated Guaranteed Profits) at taxpayer expense and using it to prop up the banking stocks. Since they are too big to fail there is no downside to this gambling, or any other gambling they want to try.



To: Skeeter Bug who wrote (201437)5/9/2009 12:30:31 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
PPIP is not a done deal.