The Financial Collapse of 2001 and Beyond

Strategies & Market Trends | The Financial Collapse of 2001 and Beyond

To: elmatador who wrote (90367)	5/18/2012 1:33:25 PM
From: Haim R. Branisteanu	of 101221

This is a total travesty, I wrote many months ago to Senator Schumer (D-NY) as a New York Senator and member of the Senate Judiciary Committee (http://www.judiciary.senate.gov/about/members.cfm), about an Israeli Bank with a subsidiary in the US, that issues fictitious or counterfeit US denominated FOREX contracts and inserts them in certain US citizen clients’ accounts for embezzlement purposes. The more severe issue is that Bank of Israel in an official letter claimed that no harm is done as the "life" of those counterfeit contracts are less than a day as they are supposedly canceled after midnight. Unfortunate the next day the same story repeats itself again. The fact that overnight those counterfeit Zero Maturity contracts increases the US money supply, and may be betters the Israel Bank's equity position does not even bother Senator Schumer (D-NY). Senator Schumer (D-NY) did not even respond to my letter and the US FED Ombudsman claimed in writing after over 6 months delay that it is not under their jurisdiction. My estimate is that the amounts from the above scheme, over a period of one year, are way above the taxes Saverin is requested to pay. To me it is obvious that Senator Schumer (D-NY) does it not for the good of the US treasury or US citizens but for plainly having publicity. One thing is for sure is that Senator Schumer (D-NY) does it all in an effort to gain publicity and be re-elected. I encourage everyone to disseminate this information as it is true even if this sounds totally outrageous and outlandish but factual true.

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From: 2MAR$

5/18/2012 2:59:16 PM

of 101221

Market set to end week lower as European situation continues to rattle investors

Stocks are poised to end the week much lower as investors continued to worry that Greece could leave the euro zone, sparking a worldwide financial crisis. MACRO NEWS: Greece officially announced that it would hold new elections on June 17. The country's second-largest party, SYRIZA, has said that it wouldn't adhere to the agreements that previous Greek governments made in order to obtain bailout funds. Meanwhile, Greeks pulled their money out of the country's banks in droves...

Also unnerving investors was the situation in Spain, whose fourth largest bank was reportedly hit with more than EUR1B of withdrawals. In a related development, Moody's downgraded its ratings on 16 Spanish banks... U.S. economic data failed to boost stocks, as jobless claims were in-line with the consensus estimate, but the index of leading economic indicators for April came in significantly below the consensus estimate.

COMPANY NEWS: Facebook (FB) launched its IPO. The stock opened at $38 and was trading at $40.15 at 2:20 PM ET... Yahoo's (YHOO) CEO resigned, and the company agreed to add three nominees made by hedge fund Third Point to its board. The company is reportedly in talks to sell a 20% stake in Chinese e-commerce company Alibaba back to the Chinese company for about $7B, according to All Things Digital... Groupon (GRPN) reported stronger than expected Q1 results, :theflyonthewall.

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