Monday, March 12, 2007

The Day the Buying Stopped

The Day the Buying Stopped

Extract: These institutions are guilty of manipulations that make the folks at Enron look like a bunch of Boy Scouts. They've cooked their books, concealed huge losses, paid off politicians, and lied to investors every which way from Sunday.

Posted by andrew - ealing @ 01:53 PM (435 views)
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3 thoughts on “The Day the Buying Stopped

  • Is this article talking about the U.S. Housing Market Collapse that will occur in 2005!? Or, has it already occurred and I missed something???

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  • japanese uncle says:

    I like this billboard showing 390,000 > 350,000 > 299,000 > 199,000, which will surely take place in UK. Stanton’s law ‘risk will migrate to the party where it is managed most incompetently.’ is very true.

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  • This is so true. In reality the housing market probably “crashed” in 2002. The rest has been “Alice in Wonderland on LSD” style market manipulations.

    Note how even today companies like Dell & Apple are having to restate their earnings.

    There has been Enron-like behaviour infecting every level of our financial infrastructure, most notably with Al Greenspan, Ben “Helicopter” Bernanke and our own Mr “Crash” Gordon Brown.

    This will be the ugliest thing you ever saw.

    Entire segments of our population will be financially wiped out for the rest of their natural lives.

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