Banks get even more CAPITAL with WORSE credit.

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Talk about rewarding failure.  Yesterday it was announce by MOODY’s that all of the BIGGEST and so called successful BANKS have worse credit now than they did before.  That’s right things are getting worse not better.

The weird thing is the reaction to this news by the “market”.  Today the stock prices of the big banks all increased after this news was announced.  How could that be?  Something funky is going on here no Rick James.  If you had an incident that knocked your credit rating down like loosing a “bet” you used the credit card for would you get pre-approved by the next merchant?  Nope, you would be treated like a gambler by everyone you tried to get credit from.  What could give the banks the edge in the stock market?  How could they benefit from miss-managing their financials, again?

Algorithmic trading uses complex computer models and programming logic called algorithms to determine the exact micro second to buy or sell a stock or security.  The systems are designed to make these wall street guys more money even at the expense of their clients but we see the results.  Today, because the numbers are in the green everyone reacts like yeah everything is fine.


Pay attention to what is happening in Europe right now.  There won’t be too much time before they start saying that all of this is EUROPE’s fault.  Meanwhile they continue to push for more control and centralization over everything.  Countrywide is insolvent ok Bank of America takes them over.  Wachovia is insolvent ok Wells Fargo takes them over.  Bear Stearns out of money ok JPMorgan buys em at $2 a share.


It’s not. The game of musical chairs will come to a screeching halt very soon.  Look out for the mumblings of QE3 to get louder and louder.  Also, look out for the debt ceiling to be increased to “above the clouds” levels as it is already way, way, way up there.  Total debt now is already past the peak and has been proven that it can never be repaid but even still these guys will ask for and get more.  Its always more, more, more with this crew.  Meanwhile don’t expect them to loan you any money to open up your business or buy a house or do anything unless YOUR credit is as good as Superman’s.  Go figure.

What do you think?


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One Comment

  1. George Hartzman says:

    If former New York Fed Chairman and Goldman Sach’s alumni Stephen Friedman knew about secret loans to Goldman in 2008 and 2009, how did he not buy GS with unknown information?

    FINRA, SEC, DOL, CFPB, FTC, FRB, and PCAOB Wells Fargo Whistleblower Filing

    Did Warren Buffet know about Bank of America’s Secret Liquidity Lifelines when Berkshire Hathaway Invested $5 Billion in BAC?

    Updated with some Warren Buffett and Goldman Sachs: “The Fed’s Secret Liquidity Lifelines”: Wachovia Corporation and Wells Fargo & Company

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