"The Official Portrait of Miss InDiana"

"The Official Portrait of Miss InDiana"
aka "Miss Victory"

Wednesday, July 23, 2008

Let the Feds' system fail! NO MORE BAILOUTS!


Financial sector statements dont add up, FDIC reserves pounded hard from IndyMac debacle, bailouts will soon come at the expense of the consumer, bond market watch, realities of a debtor nation, financial institutions given protection from shorting

So far this week we saw Wachovia get socked for an $8.86 billion loss with a layoff announcement of 10,750 employees, while Washington Mutual got hammered for a $3.3 billion loss and increased its beleaguered loan-loss reserves by $3.74 billion to $8.46 billion as it announced expense cuts and asset sales. This is nothing. This is just the beginning. This is just window dressing to protect incumbents. Together with the science fiction and fantasy we got last week from the banking sector, these latest financial statements from the banking sector should receive a Nebula Award from the Science Fiction and Fantasy Writers of America. Gene Roddenberry could not have dreamt up financial statements that were more phantasmagoric.

All these bank losses, as terrible as they are even in their understated amounts, are pathological accounting lies aimed at keeping the sheople from going ballistic on the incumbent scum-bags in Congress so that these corrupt reprobates and sociopaths can continue in office and maintain their rape, pillage and slaughter of the sheople of the US unabated on behalf of their evil, malevolent and rapacious Illuminist masters.

Read the rest of the article from International Forecaster.


Anonymous said...

1/2 the national debt

Anonymous said...

Thanks again for a great blog Melyssa - keep the faith!! I've been saying for a long time that our economy is a house of cards. Our fiat currency is NOT backed by tangible assets - only the "full faith and credit of the United States." Ron Paul has also sounded the trumpet, and there's a good article on his latest clarion call on TheTrumpet.com, a news site I read regularly. Check it out: http://thetrumpet.com/index.php?q=5349.3644.0.0
Glenn Hatmaker