1. Most Discussed
  2. Gainers & Losers
ANZ $29.46

The Sky is Falling

  1. cheech

    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.





DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top