ANZ 0.56% $25.30 australia and new zealand banking group limited

The Sky is Falling

  1. 831 Posts.
    We are in for more announcements of financial doom and gloom. The best mediine to stall it is to keep interest rates low so that we can afford the unaffordable. AMP is in trouble?? Bulldust, the banks are also holding out against the real situation there.

    Shopping centres closing for lack of public liability cover?? what is this Bangladesh?? No medical liability cover available ? The government have done a fantastic job by reporting economic gains but without any reference to the economic woes.

    "The bad keeps playing" whilst the Titanic is taking in water. No need to panic and no need to worry. The US has now gone FBI alert with respect to investigating corporations who are holding out against their real financial complexions. The US government cannot afford another financial disaster to be revealed. It is now being considered an offence under their new regime to leak information about corporation fraud so whistle blowers have been warned.

    This is udnermining their 'war against terrorism'. It has become apparent that one of the largest defence contractors is insolvent and has been approved as a recepient of several billions in government approved funding to keep them afloat. Theres nothing unusual about it except the losses are due to fraud.

    I understan if this became public in the US like the world com and Enron scandals, it will blow the lid off the Bush administration and bring him down.

    I woner what the ratings agencies have to say for all of this. They have been giving great report cards to all of the fallen angels till the time of their demise. Moody's and Standards and Poors are they for real.





 
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