Dateline: New Jersey 10/02/08   10:51 PM

Capital Markets and the Smaller Companies

American markets in a short window, much more significant that the euphemistic tremor term being used, have contracted, convulsed and collapsed in a spiral capital Armageddon with jaw-dropping effect.

But more importantly, the curtain has been pulled back on Wall Street to allow for a level of transparency never seen before and, quite frankly, the average person is now aware that the money mavens of the Street perform very little due diligence in respect to investor monies.

Essentially, the Emperor has been found to have no clothes.

The mystique and awe of the barons of finance and their respective firms have been shamefully exposed for ineptitude and carelessness.

And while the Street is rife with subpoenas, not much will happen.

Malfeasance, more than likely not.
Misfeasance, a relatively strong circumstantial case be made.
Nonfeasance, now that is abundant in this theater of finance. However, while it is reprehensible to anyone with more than a 4th grade intellect, it will not spotlight in the justice system.

Any lessons learned? Yes, profits are privatize and losses are socialized.

The capital markets will be re-written, especially, in the area of business financing that wll see private capital flow direct to the small, emerging growth companies without first routing through a bank, brokerage or venture capital house. Their stewardship is no longer regally-respected.

For certain, there will be bunch of my clasiscally-trained finance colleagues, who will be flush with economic theory as to why this won't work.

It will not work with all companies but it will have traction with closely-held, well-managed companies that have demonstrated their growth footprint and appeal to investors because of investor accessibility.

Carina Holding Company Inc.'s flagship operation www.JoToGo.com is just such a company. It is piloted by a third generation entrepreneur, Richard DuBois, whose Midwestern work ethic has proven a company model in Green Bay, Wisconsin of all places. Last check...about 104,000 people.

Yeah, it is about coffee. But this place has to win some award as the absolute best descriptive name of a company in a domain name. JoToGo...anyone can immediately figure out what it means and you won't be able to get it out of your head.

Now...back to the bail out.

  Dateline: New Jersey 10/06/08 6:03 AM

Now Europe is under siege:

Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.

Chancellor Angela Merkel said that no citizen should fear for the safety of their investments. Hours later, her government announced a new bailout package totaling 50 billion euros ($69 billion) for Hypo Real Estate, Germany's second-biggest commercial property lender.

Hypo said an original euro35 billion ($48 billion) rescue plan fell apart after private lenders withdrew support, a key element to the proposal that had already been approved by the EU.

The deal was on top of the guarantees of private accounts. German Finance Ministry spokesman Torsten Albig said the unlimited guarantee covered some 568 billion euros ($785 billion) in savings and checking accounts as well as time deposits, or CDs.

At the same time, Belgian Prime Minister Yves Leterme said that France's BNP Paribas SA had committed to taking a 75-percent stake in Fortis NV.

Leterme said the Belgian and Luxembourg governments would, in turn, take a blocking minority share in BNP Paribas.

The deal came after two days of closed-door talks between the Paris-based bank, Fortis and government authorities in an effort to restore confidence in the company before markets open Monday.

In Iceland _ particularly hard-hit by the credit crunch _ government officials and banking chiefs were discussing a possible rescue plan for the country's over stretched commercial banks.

British treasury chief Alistair Darling said he was ready to take "pretty big steps that we wouldn't take in ordinary times" to help the country weather the credit crunch.

In the past year the government has nationalized struggling mortgage lenders Northern Rock and Bradford & Bingley.

"The European banking industry is feeling the wind of default blowing from the other side of the Atlantic," said Axel Pierron, senior vice president at Celent, a Boston, Massachusetts-based financial research and consulting firm.

The erosion has also injured overall confidence and caused concern among investors, politicians and the European public.

The leaders of Germany, France, Britain and Italy met Saturday to discuss the meltdown that has leapfrogged across the Atlantic from the U.S. to Europe, but shied away from action on the scale of the massive $700 billion bailout passed by the U.S. Congress on Friday and later signed into law by President Bush.

Their failure to agree to an EU-wide plan showcased the divisions in Europe on how to deal with the crisis.

France had suggested a multibillion-euro (multibillion-dollar) EU-wide government bailout plan, but backed off after Germany said banks must find their own way out.

French President Nicolas Sarkozy's top adviser, Claude Gueant, insisted that a "common European plan" had come out of the summit.

"What is certain and what the citizens of France and Europe must know is that their (banking) establishments won't be left in difficulty," he told Europe-1 radio on Sunday.

Icelandic banks expanded rapidly after deregulation of the domestic financial market in the 1990s and now have combined foreign liabilities in excess of 100 billion euros ($138 billion) _ dwarfing the tiny country's gross domestic product of 14 billion euros ($19 billion euros).

The government last week took over Iceland's third-largest bank, Glitnir, a decision that prompted major credit ratings agencies to downgrade both Iceland's four major banks and its government credit rating.

Looming large was a growing sense that the Federal Reserve and Europe's major central banks _ which have been flooding euros and dollars to banks that have grown increasingly unwilling to lend money even to themselves _ were ready to institute emergency cuts to their benchmark interest rates this week.

None of the banks, including the European Central Bank and Bank of England, have commented on potential rate hikes or cuts. But analysts believe the Bank of England, which meets this Thursday, will likely lower its rate below 5 percent. The ECB left its rate unchanged at 4.25 percent on Thursday, but opened the door to a rate cut.

Robert Brusca, chief economist at the New York-based Fact and Opinion Economics, said that the ECB does issue such a cut it would a be a sign "that they're really, really scared."

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Dateline: New Jersey 10/6/08 1:01 PM

Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street.  

OBAMA PLANS ON CLEANING UP THE MESS... 

With these three on board, what are the chances?

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 Dateline: New Jersey 10/08/08 11:00PM

The Nashville debate found one shining concrete plan and that was McClain's proposal to give everyone a $5,000 redeemable tax credit, to purchase health insurance.

46 milion Americans have no insurance.

Obama plan is to fine business people who don't have coverage for employees and parents who don't cover their children.

Fining the parents? Solid plan, Barry. Sorry, you are Barack now.

I understand, I remember there was a guy at Columbia named Gerry Rivers. Area nobody, just trying to get in the spotlight for anything.

Later he surfaces as Geraldo Rivera and roll that "R" when you say his name to give it the Puerto Rican roots he found, as soon as New York City started a parade for the Latino immunity and he could get on camera.

Similar, to adopting the Obama false-claim notoriety, Geraldo purported to be one of the 14 people who took over the Presidents Office at Columbia for 14 days in 1967.

Not. The guy who headed this Pablo Guzman, who later became a NYC cop, and then a prominent news anchor, unequivocally stated:

" Look, he was not there. He said I don't remember im. well, when you spend two weeks in the same room with 13 other people, you don't forget any of them. "

  This is similar to the claim that Jesse Jackson made that he was with Martin Luther King, in Memphis, the night he was shot in 1968.

  He always regaled crowds with how he " dipped his handkerchief in Martin's blood, lest a great man be forgotten. "

  He told people it was a symbolic passing of the torch. Well, it must have been a pretty long-handled torch because Jesse Jackson was at a meeting in Detroit with archive photos from the Chicago Sun to substantiate it.

  So, after 30 years of lying, this became known when a reporter digging around on some other matter uncovered these photos.

  Of course, I expected the first story to be that someone planted those photos to discredit his legend but I guess Jesse did not take Al Sharpton's play book o this one.

  Instead, when actually ambushed by a reporter on stage, during a interview, and asked flat out " Were you a Dr. King's side when he was shot in Memphis? ", answered with a true Jacksonism: " I was and always will be there with Martin in spirit. "

  Of course, we have not heard that tall tale for the last 7 years or so.

  Sorry, got off on a tangent.

  But the important fact was McCain stating that this $5,000 could be used in any state, irrespective of where you live. This is monumental, as it is telling health insurance companies, we are coming after you not through reform but legislation.

  The reason that healthcare is so out of whack is because they have kept the industry fractionated.

  You a only buy health insurance in the state you reside in.

  Let him get in and get that passed and health premiums will be cut by 60% because there is now legitimate competition.

  On that alone, John McCain should get elected.

  And if he does not get in and we want something done about healthcare other than fines, call your Senator and Congressmen and tell them not to waste a lot of time trying to reform health insurance.

  Tell them we will settle for the same plan they all have.

  Yes, tell them you want the Sen/Com health plan and they can move on to other important matters.

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 Dateline: New Jersey 10/17/08 11:07 PM

   Some weekend words from Ranting Rich (and he capitalizes, like he is yelling)

  One thing is for sure, he does not hold it in!

•     Since the bail out, the market has droppd 655 points 
•   Goldman Sachs, Xerox and Chrysler will lay of 15,000 
•   Forclosures are 70% higher than last quarter 
•   And unemployment claims have quintupled 

  Hope not to be sued by Campbell's Soups but this is not:

  Hmnnn hmnnn good!

    It is amazing what thse people ar allowed to say and no one takes them to task or is it that non one pays attention to these knucklheads.

  Maybe it is because they consider such inane remarke Bidenesque.

  And in a quick aside...I think waiting for Obama to produce his real birth certifcate will be like leaving the porch light on for Jimmy Hoffa.

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  Dateline: New Jerey 10/124/08 9:17 PM

  We're outta...here

  Well, just like you, we are gone for the weekend..unless something earth-shaking happens and then we will be riight back here. Hey, maybe The Kenyan will have been proven to have been born in Mombassa, Kenya.

   But get ready next week for a falling Dow Jones and the hedge funds starting to unravel.

   Not only were redemptions 31 billion in the last 10 days but these funds have lost almost 18% of 179 billion of their total holdings.

   Stay tuned for hedge fund Armageddon.

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   Dateline: New Jersey 10/25/08 12:04 AM  

 I am available...if drafted

McCain was born to two Anerican citizens on a military installation in a protected zone that we controlled at the time...The Panama Canal Zone.

There has NEVER been a legal issue as to his citizenship. A challenge was made but it could not devolve into a legal issue because he was automatically a U.S. Citizen at birth under constitutional law.

The Kenyan, on the other hand, is born in Mombassa and that is why they will fight this to the end because they cannot poduce the long form that is the true and certified copy of his alleged Hawaiian birth with Mother's signature, Father's signature, his little footprint, his Mother's thumbprint, the deivering doctor, the hospital's name and a serial number.

But I, as a registered Democrat, am posting my Hawaiian birth certificate...errr..I mean Certificate of Live Birth, whatever that is, in case I am drafted to run.
http://www.USviews.org/MBC.pdf

And don't bother with FactCheck.org or the University of Pennsylvania for authentification. Bob across the street and my parish priest both said it is good to go. Oh, yes and Hamid, the guy who sells me my lottery tickets, said it looks great. Matter of fact, wanted to know where his cousin, the pilot, could get one

And if anyone wants to see the real version, I am never going to produce it because that takes up too much time, so I will just keep dispatching my legal team to fight any request at any level, no matter how many votes it may cost me. Because producing my actual birth certificate, will cost me all the votes.

Good night, Gracie

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Dateline:  New Jersey 10/27/08 6:12 AM

The Bailout...AGAIN!!!

First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.

Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would use the money to start making loans again.

But reports surfaced that bankers might instead use the money to buy other banks, pay dividends, give employees a raise and executives a bonus, or just sit on it. Insurance companies now want a piece; maybe automakers, too, even though Congress has approved $25 billion in low-interest loans for them.

Three weeks after becoming law, and with the first dollar of the $700 billion yet to go out, officials are just beginning to talk about helping a few strapped homeowners keep the foreclosure wolf from the door.

In buying equity stakes in banks, the Treasury has deviated significantly from its original course.

The centerpiece of the Emergency Economic Stabilization Act is the "troubled asset relief program," or TARP for short.

What an appropriately named program. Last tuime I was in home depot, I saw that tarps are used for covering up.

This money was supposed t buy "toxic mortgages " infecting the banking system. Just that term makes me shudder. They act as if this was some outside event that infected the banking system. How about instead of the term " toxic mortgages ", they go with " the banking industry's big, greedy, f_ _ _ _ing mistake ".

But once European governments said they were going into the banking business, Treasury Secretary Henry Paulson followed suit and diverted $250 billion to buy stock in healthy banks to spur lending.

Then PNC Financial Services Group Inc. was approved to receive $7.7 billion in return for company stock. At the same time, PNC said it was acquiring National City Corp. for $5.58 billion.

So, banks ar planning to buy smaller banks with taxpayer money. Get real.

There is no need EVER to send planes to attack the symbols of American finnace. There will not be any left, as the stewards of finance with government backing will scuttle the entire system.

Well, it will all be over in 30 years anyway when the Chinese are signing the pay checks for the Mexicans in the United States with the exception of the two completely owned Spanish states of Floruba and Mexifornia.

Coming week: The Kenyan & the White House

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  Dateline: New Jersey 10/27/08   6:23 AM

  One week to election day and Obama still will not release a true, certified copy of his birth certificate nor his records from Occidental College.

  His college records will show tha he listed himself as a citizen of Indonesia.

  They have an alleged copy of his " certification of live " birth...not birth cerificate on line that they are offering for " proof " but it is not an authenticated copy.

  Now, as a lawyer he knows the power of an affidavit and he could draft one, attest to its truthfulness, by virtue of his signature, post it on line and be done with this allegation. But he won't...because.

  The one online is not his creation, so when it is found to be bogus, he can play the " I did not know card. Must have been my staff. " 

  The affidavit would be a different story because there are legal recriminations to a falely sworn affidavit.

  So, if you want an answer contact his headquarters and ask that he swear in an affidavit that he was born in Hawaii.

  By the way, the Kenyan government has sealed all his records. What records? If he was not born in Kenya, there should be no records.

  Go ahead and call Obama. Dare ya'

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 Dateline: New Jersey 10/28/08 11:00 PM

Market is UP!!!

  Invesors are shouting " it's all right now ", as the marker rose 900+ points today.

Hooray, only down about 5,000 points from where it was. Probbaly, move back up to that level by say...Friday. Whadda ya' think?

Of couse, to really gauge the state of the econmy take a look at the companies that have done substantial laoffs this year:

• Whirlpool 
• General Motors 
• Pepsi 
• Xerox 
• Hewlett-Packard 
• Goldman-Sachs 
• Chrysler 
• Merck 
• National City 
• e-bay 
• Yahoo 

I see this as more of a metric that a temporary market-rise.

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Dateline: New Jersey 10/29/08 12:30 AM

Constitution Dies at Home

  Well, Barack Hussein Obama has elected to ignore answering a lawsuit in Philadelphia which is a default ruling but then a judge dismissed it by stating that the plaintiff did not have "standing" which means he could not demonstrate how he would be harmed by Obama not being a citizen.

  I guess what this means is that a private citizen cannot have standing in wanting to uphold the Constitution.

  Only fitting that our Constitution died in Philadelphia, after all that is where it was born.

  But voters are not going quietly into the night, as 7 additonal states:Hawaii, Washington, California, Florida, Georgia, New York, and Connecticut have had lawsuits filed to compel Obama to release his birth records.

  Lawsuits in Washington and Georgia are seeking state superior courts to force the states’ secretary of state, as the chief state elections officer, to require Obama to produce original birth records from Hawaii, or else decertify him as a candidate for the presidency.

  His poll lead has been cut in half in the last 5 days and this is why?

  People want to see that true, certfied copy of his birth certificate and cannot fathom why he would hide it.

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Dateline: New Jersey 10/29/08 5:08 PM

  Will be cehecking with U.S. based Starbucks on this one!!!

Recently, Royal Marines in Iraq, wrote to Starbucks because they wanted to let them know how much they liked their coffees, and to request that they send some of it to the troops there. Starbucks replied, telling the Marines thank you for their support of their business, but that Starbucks does not support the war, nor anyone in it, and that they would not send the troops their brand of coffee.

So as not to offend Starbucks, maybe we should support them by NOT buying any of their products! I feel we should get this out in the open. I know this war might not be very popular with some people, but that doesn't mean we don't support the boys on the ground, fighting street-to-street and, house-to-house.

If you feel the same as I do then pass this along. Thanks very much for your support. I know you'll all be there again when I deploy once more.

Sgt. Howard C. Wright 1st Force Recon Co 1st PLT.

PLEASE DON'T DELETE THIS. .. PLEASE PASS TO EVERYONE ON YOUR E-MAIL LIST, IN MEMORY OF ALL THE TROOPS WHO HAVE DIED, SO THAT WE MAY HAVE THE RIGHT TO CHOOSE !

Also, don't forget that when the Twin Trade Towers were hit, the fire fighters and rescue workers went to Starbucks because it was close by for water for the survivors and workers, and Starbucks CHARGED THEM! ! !

AN ADDED NOTE TO THIS: STARBUCKS HAD STORES ON SEVERAL MILITARY BASES IN THE UNITED STATES. THEY ARE NOW BEING REMOVED BECAUSE OF THIS.

There are 227 Starbucks stores across the UK, and there's no doubt that our soldiers would get the same response from this company, so let us do our bit and boycott Starbucks to show them how despicable their actions are.

Gemma Koder

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DATELINE: New Jersey 10/29/08 8:00 PM

Here is a little take on something that we got in from one of our readers and we don't edit...we just post American opinions.

Obama the Spendthrift!!!

You know what I hope is *perfectly clear* to all those people watching
the World Series? Right before te start of the game Obama will run an ad.

They could not run it before the game because while, in some people's minds, he may be bigger than McCain, he is never going to be bigger than baseball


The cost for that spot. Let's figure ummmm $3-4 million.

Not exactly a wise use of dollars within the current economic
situation - looking more like Homey the Clown each day!

That being considered - if Homey can't strategize spending his own
money wisely . why should I condone him getting close to the
government purse strings, . or my own? (I don't want to hear he
raised the money - return it- like insurance companies do when they declare a dividend.)

I'm pretty sure they guys/gals who donated it to you would be happy to take it back after consulting with their 3rd quarter statements.


And --- if Homey is such a proponent of "sharing the wealth" I think
he should lead by example . Obama you go first. Show us what you got, brother.

Be a man, skip the 30 minute commercial and . donate that 3-4 million to those people you want to share it with - only after you do
something like that, will you have my attention.

Until then - you are merely convention talk, preying on the weak,
breeding continued weakness and enslaving people to dependency - and I prefer to support those who believe in Americans and will empower them to live up to their potential.

Enough said. I am praying that the Republicans show up in full force
for this election. They'll get out there on their own and I think.

But, you know they'll have to bus Homey's clan in --- cause they don't
exactly do much of anything for themselves.

One more note to this - if he believes in sharing the wealth maybe
just maybe he could have given John McCain some of the money for
McCain to do his own 30 min commercial. Hmmm...... says one thing but does not really believe it applies to him!

And that is it folks. UsViews.org where all Americans get their say!

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The Great Obama Backfire

He fought every attempt to produce the vault copy of his birth certificate and it is costing him.

  Older Democrata are sitting this one out because he has not supplied the transparency they expected on this issue which was pretty much:

 " If you don't have anything to hide..produce that document and shut eveyone up. "

  But thse older folks are smart enough to realize that he is doing this for a reason. So, most won't outwqardly defect to McCain but they will not give Obama their vote, as this is the group of people that really takes their vote, as meaningful..

  In the last 6 days he has squandered an 11 point lead in some polls down to 3 or 4, depending on the poll.

  Of course, Ebony and Jet have Obama ahead 1,000,000 to 1 and Al Sharpton has declared, " he already in da' House. "

  Well, actualy Al was transmitting from the space station where they mus have had him and Jesse Jakson tied up back to back ever since this campaign started.

  And Oprah, who took this nobody that was not even known outside South Chicago poiltics and put him on her couch every week, dropped him once she lost 3.2 mllion women viewers and her advertising revenue dropped 26 million.

  Well, it will all be over in 6 days and it will be McCain for 8 then Palin for 8.

  Then when the Democrats (of which I am a registered one), get their next shot at the White House in 2024, they will be checking everyone's birth certificate...GUARANTEED.

  Thanks for running, Barack Obama, Barry Obama, Barry Dunham, Barry Soetoro or whoever you are. At least you wll always have this picture with that smug look on your face, as a memento.

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 Dateline: New Jersey 10/30/08                    11:00AM

Twas the week before election day
And all through the land
Democrats were shouting
Obama, he’s grand


The commercials were paid for
And ran non-stop
Sharpton proclaimed
" He headed to da’ top! "

When all of a sudden
With noise…like thunder rolls
America’s POW hero began
To rise in the polls

In Obama’s camp
The mood was not so gay
They had to get busy but
Most had never worked a day!

He snatched up his advisors
And ran down the stairs
” Time to get nasty “, he said
Let me go get Bill Ayers

 

They plotted and planned
All through the night
Time to back down America

Let’s call in Reverend Wright

 

 ' On  Oprah, On Jessie
 On Sharpton and Ayers!
 On ACORN, On Biden
He screamed at the pairs!


They took off quickly
And were in a fit
I heard him mumble
They know about the birth certificate

So I want you to think

With this one final note

If you don’t want a liar
GET OUT AND VOTE!!!!

  Dateline: New Jersey 11/02/08 9:47 PM

  Get ready for RIOT DAY

  Wednesday approximately 1 AM will begin RIOT DAY. It will either be celebration riots or " the race was fixed riots ".

  Either way it will happen and it will obviously be the electronic stores and liquor stores that will see the brunt of this victory/protest.

  All except the Korean-owned electronics stores because the Samsung Warriors will have everyone there from Grandma down to their 14 year old daughters waiting with machetes that have been sharpened since they opened the place for business.

  Now, I a certain there will be a number of people who read this and think that this remark never should have been posted because now it gives people an idea!

  Really? They have been window shopping for weeks waiting for the green light.