As faith in bank bailouts dims, losses set to deepen

NEW YORK (Reuters) – The nightmare scenario for U.S. economic authorities is here: confidence in their ability to rescue the country from a housing-led financial panic is now at its lowest level since the crisis began.

This means losses for investors, already totaling nearly half a trillion dollars, could mount even further over the next few months, with implications for business investment and the overall health of the economy.

“You see a massive potential for financial meltdown on a global scale,” said T.J. Marta, fixed-income strategist at RBC Capital Markets.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson, testified before Congress this week on the country’s precarious financial state. They were met with unusually fierce questions from lawmakers on the feasibility of a plan to provide extra funding for mortgage finance giants Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz).

Read moreAs faith in bank bailouts dims, losses set to deepen

Senator Byron Dorgan – Out of Control Fraud


Read about this here: US gave $300m arms contract to 22-year-old with criminal record

The Bush Family Business

For four generations now, the Bush family has been involved in supporting the country’s enemies (most notably the Nazi Party in Germany) and robbing the country blind.

The family was directly involved and profited from the Savings and Loan scandal of the 1980s and has participated in security fraud as well.

With this understanding as a background, the Iraq War can be viewed as their “masterpiece.”

The Bush family and its associates have stolen countless billions of dollars in the course of the war. In fact, one of their motivations for pushing the war in the first place was the opportunity for theft.

Chances are the destruction of World Trade Tower Seven, the home of crucial and now lost forever SEC and other federal law enforcement evidence and case files was carried out to cover their tracks.

Source: brasschecktv

(If you have watched this video and then you have also seen what Halliburton does.
Halliburton does not even pay taxes:
Top Iraq contractor skirts US taxes offshore

And then take a look what happens at the stock market with Halliburton:
Halliburton stocks have risen about 50% since the end of January this year, in almost no time.

If you have this stock and are happy about the gain then realize that you are paying money to a corporation to cheat the American People and steal from all taxpayers.

JP Morgan, RBC Capital Markets, Merrill Lynch etc., they all say that Halliburton will outperform and yes it does, but it is you who pay for it.

Do not support Halliburton and alike companies take them down.
Sell these stocks and investment funds that support them.

Take your power back, that you have given to them, NOW. – The Infinite Unknown PS: The stock market will crash.)