Archive for the ‘corporate insiders’ Category

New URL

Monday, December 15th, 2008

 future posts by Frank Lynch blog will be available at

          http://franklynchusa.wordpress.com

which will be much more active than this blog!! 

Please update your Favorites and especially please add

this link to your own blogroll

Thank you for all your support!

 Together we have succeeded in defining the issues of the 2008 Presidential campaign.

Prior to posting the new ideology contained in Frank’s Top Ten List on my 2008 Presidential website at   http://www.franklynch.org  on July 20, 2007, none of the other candidates, including our new President, had included such vital issues as energy independence, windfarms, plug in electric cars, universal healthcare, tuition grants to college students, creating new jobs, and talking to our enemies.

Today all these issues arethe core issues of President Obama and the Democratic Party, and I am proud to have contributed to the future of America.

Please add the new blog   http://franklynchusa.wordpress.com   to your blogroll and favorites so we may add new issues, such as creating not the small number of Jobs Obama now seeks, but 10,000,000 new  jobs!

Goldman Sachs and Morgan Stanley Are Bank Holding Companies

Sunday, September 21st, 2008

In the final destruction of all the wonderful laws passed by a thoughtful Congress and Franklin Delano Roosevelt to protect the American people from the excesses and corruption that caused the Great Depression, your totally incompetent government  taken the final steps to maximize the corruption of our financial system.

The last two major independent investment banking/ stock brokerage houses have now officially become commercial banks.

Don’t believe me? See:

http://federalreserve.gov/newsevents/press/bcreg/20080921a.htm

Wave of Tent Cities As In the Great Depression

Friday, September 19th, 2008

RENO, Nev. —  A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer.

Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.

Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a “tent city” — an encampment of people who had nowhere else to go.

From Seattle to Athens, Ga., homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation.

Nearly 61 percent of local and state homeless coalitions say they’ve experienced a rise in homelessness since the foreclosure crisis began in 2007, according to a report by the National Coalition for the Homeless. The group says the problem has worsened since the report’s release in April, with foreclosures mounting, gas and food prices rising and the job market tightening.

Will Everyone Who Bot Fannie Mae Stock Sue Merrill Lynch?

Monday, September 8th, 2008

Herb Allison,, former president of Merrill  Lynch, is the government appointed head of Fannie Mae.

i have been observing for some time that trading in both Fannie Mae and Freddie Mac should have been suspended because any financial analyst with even a broken pencil could see that both companies were grossly insolvent.

Merrill Lynch, Goldman Sachs, and all the brokers have at least one sharp pencil buried beneath the salesmen, and should have reasonably known of the de facto insolvency. They should have advised their customers that these firms were insolvent.

Trial lawyers, paradise is here!

The potential liability is huge to Merrill Lynch for continuing trading these stocks and permitting their customers to buy them through Merrill Lynch, earning excessive commissions for Merrill. The lower a stock price, the higher the commission as a percent of the trade.

Now the former president of one of the firms who did hundreds of billions of trading in the bad paper is in charge of Fannie Mae?

Is there no Shame?

There certainly is no honor left in American finance ad its regulators.

Red China Sleeps Easier Thanks to US Taxpayers

Monday, September 8th, 2008

Paulson’s bailout of Fannie Mae and Freddie Mac just returned the $376,000,000,000 of their debt owned by the Chi Coms to AAA status, and guaranteed Communist China will collect every penny of principal and interest.

 Isn’t our government great?

Wait for your tax increase to pay for it.