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

To: carranza2 who wrote (63953)	5/28/2010 11:15:50 PM
From: TobagoJack	Read Replies (4) \| Respond to of 217740

liked it. thanks much. sachs is a moron. j p.s. would revise to "I recommend you panic, and getgold" :0)

To: carranza2 who wrote (63953)	5/29/2010 4:36:38 PM
From: Haim R. Branisteanu	8 Recommendations Respond to of 217740

C2 - it all goes back to the US investment banks and their thievery over the last decade - in other times there would be a declaration of war against the US for fostering the thievery and swindle emanating from WS investment banks like GS MS JPM C MER etc., and the by now defunct Bear Sterns and Lehman Bros. The ponzi schemes run by those banks are mind boggling only Lehman inflicted over $300 billion in damages worldwide wiping out saving of innocent people and cash reserves of small localities. Elderly the world over where pressured into so called “structured savings certificates” by snake oil sales force of the banks investment advisers which certificates were issued by US WS banks which ended up worthless All in all at least $1,000 to $1,500 billion if not more, in worldwide savings of ordinary people (excluding institutions) evaporated due to the various schemes of deceit engineered by WS of which the US treasury syphoned something around $200 to $300 billion into its coffers, via income taxes etc., - modern piracy at its best and unfortunate legally shielded by US corporate laws and bankruptcy code. Would have been that this thievery would have not been authorized and US regulators would have put a stop to the madness, the recent and upcoming financial crisis would have not happen in such a severe way – but my assertion is that the lack of oversight and the fact that the US Treasury was filling its coffers with their share of the heist via income taxes there was no pressure to rein in the US WS firms The mere fact that no one at GS, MS, C, JPM MER etc., or any of the oversight regulators that failed to do their job, was not brought to justice speaks volume about the US moral standing and international justice. Madoff was used as a scapegoat and his scheme of deceit was punny if compared to the amounts of the wortless paper issued by the established US WS firms