U.S. Stocks Decline; Wells Fargo, Exxon, J.C. Penney Retreat
Bloomberg.com: Worldwide
Nov. 15 (Bloomberg) -- U.S. stocks fell for a second day, led by banks and energy producers, after Wells Fargo & Co. said the housing market is the worst since the Great Depressio
Regulators have been asleep as the switch as Enron type abuses ran-amuck. Fed is/has been doing too little too late.
The Mortgage Lender Implode-O-Meter News Pick-ups: "If you haven't thrown out your Greenspan decoder ring by now, you should"
....As such this is without any question a derivative crisis. .....Ladies and Gentleman, prepare to defend yourselves because this is it!
The cost of financial defense is merely an inconvenience and chump change. The cost of not acting is potentially all you have. I have done all that I suggested you do for myself, those in my family, those in my corporate circle of responsibility and advised you, my extended family, to do the same.
Protect yourself, those important to you and your company’s treasury. Do it now as being early is a virtue.
JIM SINCLAIR: OTC'S "BAT GUANO ASSET CATEGORY" (COUNTERFEIT B-3392-181 C.D.O'S)
http://www.jsmineset.com/
Subprime fallout hits big money market funds - USATODAY.com Bank of America's move is a sign of how the crisis has gone beyond complex institutional portfolios to potentially affect everyday savers.