nothing like 3 pages for a TRILLION Dollars…………yep, I got faith in my FED GOVT Ponzi Scheme Group that all is so ROSEY in the financial markets!!! GOLD up $50 bucks today, what else is new besides OIL up $5 per barrrel and the market down 200
skibare

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One item that I’ve discussed a great deal here has been that of the failing bank (Silver State Bank) that John McCain’s son — Andrew McCain — ran as a member of the bank’s board of directors and its audit committee. (See previous stories below)

Well, we have an update. The bank has finally failed, and seized by federal regulators on Friday night, making it the 11th bank to fail in the U.S. this year.

In light of the attention being paid to the takeovers of Fannie Mae and Freddie Mac, and the two political conventions, the media seems to be overlooking this very important story on how the son of the Republican presidential nominee — and one of the campaign’s biggest fundraisers — suddenly and mysteriously resigned from Silver State Bank in July, citing only “personal reasons,” refusing to discuss the issue with the media (or even return their calls). Sadly, America is in the thick of the biggest national financial crisis since the savings and loan meltdown of the 1980s and McCain was at the epicenter of the 11th bank failure this year. Yet, silence.

According to the FDIC:

The failure is expected to cost the FDIC deposit insurance fund between $450 million and $550 million…[and] estimated there was about $20 million in uninsured deposits.
But nothing from the McCain camp. Maybe they fear the obvious comparison.

Recall that John McCain was at the center of the S&L scandal when he tried to keep federal regulators from investigating the bank of then top donors and Cindy McCain’s business partner — Charles Keating. That scandal — forever known as The Keating Five — would emerge as the biggest black mark on McCain’s political career resulting in a rebuke by the Senate Ethics Committee.

As they say, the apple doesn’t fall far from the tree…Is it too much to ask the media to do its job?

could I describe my job as ”’toxic mortgage related”’ so somebody could bail me out??????
whats 700 billion amongst freinds???? and given its 3 pages and another IRAQ War all wrapped up in ””feel good”’ economics??
skibare

call the cell phone 303 641 7829
for LATE NIGHT, call the Night Drivers on top right corner link

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“The important take-away from today is not Treasury Secretary Henry Paulson or Securities and Exchange Commission Chairman Christopher Cox” but that rallies are for selling, Jim Cramer told viewers of his “Mad Money” TV show Friday.

Cramer said the astonishing 779-point rally over the past two days can only mean one thing: sell.

He advised viewers to spend this weekend evaluating their portfolios so that they are ready to sell their bad stocks on Monday and take profits on the winners.

Cramer returned to a selling strategy he’s used many times. He said to rank every stock in a portfolio from one to four. One’s are the stocks you’d buy right now. Two’s are those you’d buy on a pull-back. Three’s are those you’d sell into strength. Four’s are those you need to sell right away.

After ranking all the stocks in your portfolio, Cramer advised selling 20% of your portfolio on Monday. He said that there should not be many stocks still ranked “one,” after the huge rally the past two days.

Cramer recommended taking profits in stocks like Wells Fargo (WFC Quote – Cramer on WFC – Stock Picks), which he recommended on July 21 at $27 a share, but is now trading at a 52-week high of $39.50.

He also recommended taking profits in US Bancorp (USB Quote – Cramer on USB – Stock Picks) and Zion’s Bancorp (ZION Quote – Cramer on ZION – Stock Picks).

Cramer told viewers to consider selling stocks in other sectors such as natural gas, technology and retail that have been up huge since Wednesday. For example, Target (TGT Quote – Cramer on TGT – Stock Picks), is a good candidate to trim, he said.

whoever wins is going to inherit a pile of crap

Top Stories
Radical rescue: Hundreds of billions for bailout- AP
Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag — a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions

nothing like printing about 300 BILLION to bail out the Jackas$eS on wall street…………after 800 billion in Iraq, whats another 300 billion to just ”print”’!???????
People do NOT get that our economy use to be built off of Free Market Economies……..not stacked for Wall Street idiots leveraged to their eyeballs 30-1!

303 641 7829……..dial the driver directly………we dont work nights but if you click on the right hand top side under “”NIGHT DRIVERS”", you can get Dag, Bruce, or Todd
Skibare CU is tied 14/14 with WVU as we type

303 641 7829

what a surprise that is……..guessing HE has nothing to HIDE????
Stock market was Bipolar today as usual………not even sure WHY I follow the market anymore……its such a rigged deal