The Government is Broke Folks. It’s Going to be a Disaster , a Greater Depression - the Politicians and Bankers – the Interference in the Market and Unemployment. The Criminals are Rewarded – The Sheep are Scared – Socialist Banking System is taking over a free economy. Full Blown Depression – Phony Borrow and Spend economy [...]
Posts Tagged as ‘Financial Crisis’
2008/11/19
Dow Jones Stock Market in Free Fall to 7997
The Financial Crisis has Wiped Out $6.7 TRILLION already since the S&P 500 High of Oct 2007. The Feeling is Much More is yet to come especially after Wednesdays announcement of NO BAILOUT for GM & Ford. The Selling was so Intense on the NYSE that there were 2943 DECLINERS while only 158 companies traded positively. [...]
2008/09/19
Fat Cats Burden US Taxpayers with Trillions of Dollars of Losses in the Marketplace
On Wall Street and in Washington, there is increasing expectation that U.S. taxpayers will either take the bad assets off the hands of financial institutions so they can raise capital, or put taxpayer capital into the companies, as the Treasury has agreed to do with mortgage giants Fannie Mae and Freddie Mac. As always the [...]
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