The master manipulaters are at it again. Of particular note:
Today’s positive headline figure, however, strips out losses on bad debts and the huge costs of paying dividends to preferred shareholders. With these numbers included, the bank made a $966 million loss.
The figures were also flattered by a $2.5 billion gain on the decreasing market value of its own debt.
When I was doing some reading of the Mark to Market scam, I was dumfounded at the audacity that these people have. Then as I watch the markets rise and see the talking heads on tv sigh a visible sigh of relief that the worst is over, or so they want to us to believe, I can only sit and stare in awe. Simply amazing.
We can not look at what they show us/want us to believe and take them for their word. Instead, look at what they are doing and how they are going about it, then and only then can we catch them in their lies and deception.
Mark to Market....HA. They could not stop the basic law of supply and demand, so what do they do? They change the rules to give the illusion of success. It does not matter that there is now more supply than there is demand. They will value their "assets" as they wish. Man what a scam.http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6112502.ece