Let's Take a Look at "Timely"
* Housing is imploding.
* There are $500 Trillion in derivatives that no one can possibly
understand the financial risks on.
* A huge ****tion of those derivatives are with JP Morgan (JPM).
* Bear Stearns stock went from $170 to $10 in a year in Shotgun
Wedding between Bear Stearns and JP Morgan arranged by the Fed
* Questions Linger Over Lehman's Balance Sheet as Lehman Brothers
(LEH) is leveraged 31.7 times.
* Citigroup (C) had to be bailed out by Abu Dhabi Deal Raises
Questions About Citigroup's Health
* Merrill Lynch needed $6.6 Billion Bailout From Kuwait, Mizuho.
* Cost of Capital "Ratchets Up" at Citigroup and Merrill
* Morgan Stanley (MS) sold 9.9% of the firm to China after handing out
huge bonuses.
* People are walking away from homes
* Businesses Are Advised To Walk Away from agreed upon deals.
* There is an open public debate on Moral Obligations Of Walking Away
* 1 in 10 of the entire state of Ohio is on food stamps.
* Florida, Ohio, and Michigan are in an economic depression.
* There is No market for Asset Backed Commercial Paper (ABCP)
* German Banks Fears Global Meltdown caused by US subprime debt
* There is a $1.1 Trillion HELOC Problem
* Unemployment is poised to soar.
* Commercial real estate is massively overbuilt and poised to plunge.
* Goldman Sachs (GS) is calling for another $460 billion in
writedowns.
* The SEC Openly Invites Cor****ations To Lie.
Gee, that sure looks "timely" to me.
