Witam. :)

Maskowanie strat i oszustw....

The swap lines are designed to keep asset prices artificially high, so the contagion doesn’t spread to the US where accounting gimmickry helps to hide bank losses. Bernanke is perpetuating the repo scam, by assisting banks and other financial institutions to amplify crumbs of capital into huge bubbles which can take down the whole economy. The Wall Street Journal exposed a similar repo scam this week in an above-the-fold article on Wednesday. Here’s an excerpt:

“Three big banks–Bank of America, Deutsche Bank, and Citigroup Inc.—are among the most active at temporarily shedding debt just before reporting their finances to the public, a Wall Street Journal analysis shows. The practice, known as end-of-quarter “window dressing” on Wall Street, suggests that the banks are carrying more risk most of the time than their investors or customers can easily see….

“Over the past 10 quarters, the three banks have lowered their net borrowings in the “repurchase,” or repo, market by an average of 41 per cent at the ends of the quarters, compared with their average net repo borrowings for the entire quarter, according to an analysis of Federal Reserve data. Once a new quarter begins, they boost those levels…

“The data suggest ‘conscious balance-sheet management,’ said Robert Willens, an accounting specialist who heads Robert Willens LLC. If there are big gaps between average quarterly and quarter-end data, he said, the quarter-end numbers “are at best meaningless and at worst misleading and disingenuous.” (“Banks trim Debt, Obscuring Risks”, Michael Rapoport and Tom Mcginty, Wall Street Journal)

Fed pakuje się w coraz większe kłopoty...

“The mechanism for the bailout of Europe is the Fed’s provision of dollar credit in virtually unlimited amounts via central bank swaps lines…..the Fed swap lines help the bankrupt nations of the EU ignore their mounting fiscal problems……Fed Chairman Ben Bernanke is engaged in a little geopolitical engineering in Europe — and the people of the EU do not yet realize that a political change in control has occurred…. the leaders of Europe now find themselves beholden to the Fed for their continued political existence…. Chairman Bernanke and the FOMC have but to terminate the Fed’s swap lines with the various central banks of Europe or start selling the MBS portfolio in the US, and governments from Washington to Berlin will start to fall.” (“More fed swap Lines for Europe and the End of Globalization”, Clifford Rossi, Institutional Risk Analysis)

rozplaczliwe wycie :))
a odstrzelone wilki już wyć nie będą(((

http://www.themarketguardian.com/wp-content/uploads/2010/05/WheelbarrowBen.jpg

zaraz grubasy wroca z lunchu i i zaczna siorbac akcyjki