14th Sep 2008
Has the Bubble Just burst? Is this the start of the predicted US/World economic collapse?
Preparations are being made in case the US investment bank Lehman Brothers has to file for ...
14th Sep 2008
Has the Bubble Just burst? Is this the start of the predicted US/World economic collapse?
Preparations are being made in case the US investment bank Lehman Brothers has to file for bankruptcy protection.
The firm was pushed to the brink on Sunday after UK bank Barclays pulled out of talks to buy most of Lehman.
If no new financing is found before Wall Street opens on Monday, Lehman will have to seek so-called Chapter 11 bankruptcy protection.
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Lehman Brothers sold MiniBonds in Hong Kong and Singapore. Lehman and the bankers are criminals. They should go to jail. The minibonds are actually NOT BONDS, it is derivatives used to hide Lehmans toxic assets and use the money to gambling in other markets. They sold this toxic to senior citizens who know NOTHING about derivatives and the risks. Those pensioners loss EVERYTHING and the Lehman guys got billions of bonus before they collapsed.
Most people invest a high percentage, if not the majority of their 401k allocation to company stock on Wall STreet. This is especially true in the financial sector as they push partnerships and equity ownership - not to mention a percentage of their actual pay. Believe me, most Lehman employees (especially long years of service people) got absolutely slaughtered on their 401k's. Their choice I know. But still a sad fact.
When US politicians pander to homsexuals, illegal aliens, minorities that can't afford housing, Israelis and other special interests, and no one is paying attention to the financial situation, shit like this happens.
Barny Frank is a fag and chairs the finance committee in congress.
So, what did you expect him to do? Look after the hard working, tax-paying average citizen? WRONG ! Fuck Lehman Brothers...
Maybe it will do USA good,or more precise those chest beating idiots,USA love it or leave it types,the USA will be in terrible debt for decades,but they will live,and they will come out of it more humble me thinks.
Mean time they will have to have tax rises,reduce the size of their military and look after the people of USA,is that really a bad thing,the rich will have to pay their way,and perhaps national healthcare will be on the cards.
Autoshare makes certain YouTube activities public on the services you choose. Select only the services you are comfortable with - like Facebook, Twitter, or Google Reader - to let your friends know what you like on YouTube. You can turn Autoshare off at any time.
Barny Frank is a fag and chairs the finance committee in congress.
So, what did you expect him to do? Look after the hard working, tax-paying average citizen? WRONG ! Fuck Lehman Brothers...
Mean time they will have to have tax rises,reduce the size of their military and look after the people of USA,is that really a bad thing,the rich will have to pay their way,and perhaps national healthcare will be on the cards.
american empire was overrrrrrrrrrrrrrrrrrrrr