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wall street crisis | The Voice magazine

Congress & Canaanites: No to bailout.
Written By: Jonas Clark

History is unfolding before our eyes. Listening to our nation’s leadership in Congress support the agenda of these Canaanite bankers is unbelievable. Yes, our economy has entered troubled water but we will prevail. The Word of God says that you will reap what you sow and this holds true with both positive and negative consequences.

If you listen to these bankers discuss the root of the problem they say it’s because homeowners deceived the poor bankers into lending them money when the homeowners knew they could not pay them back. Give me a break! This financial breakdown is because of a flawed fractional banking system. Just look at the multiples these banks and financial institutions have been allowed. Now they want to deleverage but no one wants their “junk assets.” So they need to find a buyer, that buyer would be me and you the American taxpayer. These bankers are telling us we are really getting a deal too. They say we will probably even make lots of money if we buy their junk. Folks, no one wants this junk that’s why they are looking to us. We are the only hope for the “lender of last resort.” The FBI launched a fraud investigation against AIG, Lehman, Freddie Mac, Fanny Mae and their former executives. Fraud? Investigation? Now? Why is FBI Director Robert Mueller and his assistant out of the country this week and unable to field any calls from our office here at The Voice magazine?


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Money and the Mammon Kings
Written By: Jonas ClarkDid political corruption lead to our current economic problems? Is our very own “democratic” government to blame for the loss of American free market capitalism as we have known it? Read about the inner workings of Mammon’s Kingdom from a hedge fund industry insider.

In the eyes of the world Andrew Lahde was a success. He was the manager of Lahde Capital, a hedge fund in California. Last year his company returned 866 percent returns betting against the subprime lenders. He was the new golden boy.

But last month Lahde did the unthinkable in the eyes of the Mammon Kings - he quit. On his way out he wrote a farewell letter that speaks of greed, corruption and the predatory lending practices that lead to the $700 billion banker bailout (plus the additional $150 billion in additional political pork). That “rescue plan” (robbery) and other bailout approvals, Congressional prostitution for votes, could go down in history as the tipping point toward a fascist, authoritarian and hierarchical America government.

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Presidential Candidate Barr Speaks to Wall Street Crisis
Written By: Jennifer LeClaireFinancial reality has hit Wall Street despite past federal bailouts, according to Bob Barr, the Libertarian Party candidate for president. Barr says that massive subsidies for the housing industry and Bear Stearns, as well as a government takeover of Fannie Mae and Freddie Mac, could not insulate financial institutions from the tsunami of bad mortgage loans.

“While the Bush administration has thus far refused to again put the taxpayers at risk by bailing out Lehman Brothers, we should not hold our breath that this or further bail outs will not be approved,” Barr observes. “What is required is a long-term solution that incorporates a series of important steps to wean the country from depending on Uncle Sam, which has already put the U.S. taxpayer at risk for irresponsible decisions by private or quasi-government entities.”

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What Is Happening to the Stock Market?
Written By: Robert LauraLike many of you I received my 401(k) statement this weekend and much to my chagrin, I wasn’t moving closer to retirement.  So I spent some time doing some research on the market conditions we are currently experiencing. By Robert Laura, AFC, AAMS, CMFC, CRPC.

As many of you know we recently entered a “Bear Market.”  This is commonly defined as a 20% drop from a market high. Back in October 9, 2007 the Dow Jones Industrial Average peaked at 14,167.  Then on June 27th, 2008 it dipped below the 20% mark.

The good news is that once the decline reaches the arbitrary 20% mark, based on history, the market has suffered most of its losses.  In fact, by the time the market was down the requisite 20%, the average bear market was 74% complete.  While this may mean there’s some additional issues to deal with, statistically speaking the worst may be over.

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