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


To: Haim R. Branisteanu who wrote (57307)11/1/2009 8:16:22 PM
From: paintbrush4 Recommendations  Read Replies (2) | Respond to of 219823
 
The proposed health insurance plan? ……unfortunate it is only a footnote in the new path to corruption in the US

Haim, it is THE footnote to CONTROL everything. They will be able to tell us what to eat and drink, exercise, what cars to drive to stay healthy, what medicines and surgeries we can have or not have, when to die, the list will be endless. It is the ultimate control and they know it.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”
Winston Churchill



To: Haim R. Branisteanu who wrote (57307)11/1/2009 11:26:42 PM
From: energyplay  Read Replies (1) | Respond to of 219823
 
CIT did useful mid market lending as I remember, also factoring and other types of secured credit.



To: Haim R. Branisteanu who wrote (57307)11/2/2009 3:35:20 AM
From: elmatador  Read Replies (1) | Respond to of 219823
 
CITI doesn´t have emerging markets as milk cow anymore. Thus in trouble. We provided the profits.



To: Haim R. Branisteanu who wrote (57307)11/2/2009 6:17:06 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (1) | Respond to of 219823
 
McClatchy's inquiry found that Goldman Sachs:

•Bought and converted into high-yield bonds tens of thousands of mortgages from subprime lenders that became the subjects of FBI investigations into whether they'd misled borrowers or exaggerated applicants' incomes to justify making hefty loans.

•Used offshore tax havens to shuffle its mortgage-backed securities to institutions worldwide, including European and Asian banks, often in secret deals run through the Cayman Islands, a British territory in the Caribbean that companies use to bypass U.S. disclosure requirements.

•Has dispatched lawyers across the country to repossess homes from bankrupt or financially struggling individuals, many of whom lacked sufficient credit or income but got subprime mortgages anyway because Wall Street made it easy for them to qualify.

•Was buoyed last fall by key federal bailout decisions, at least two of which involved then-Treasury Secretary Henry Paulson, a former Goldman chief executive whose staff at Treasury included several other Goldman alumni.

The firm benefited when Paulson elected not to save rival Lehman Brothers from collapse, and when he organized a massive rescue of tottering global insurer American International Group while in constant telephone contact with Goldman chief Blankfein. With the Federal Reserve Board's blessing, AIG later used $12.9 billion in taxpayers' dollars to pay off every penny it owed Goldman.

mcclatchydc.com