At least eight more banks announced their participation in the Treasury Department's share purchase program in the past two days, adding roughly $1.48 billion to the total amount of taxpayer money to be invested in the institutions.
Popular Inc., the parent company of
Popular reported a $668.5 million loss for the third quarter, which included a charge for the sale of certain mortgage operations to Goldman Sachs Group Inc. The company said last month that it would close more than a fourth of its
Cathay General Bancorp, of
Superior Bancorp, of
The stock purchases by the Treasury Department are part of the $250 billion in capital that the government is injecting into the banking system in an attempt to strengthen balance sheets and stimulate lending.
By our reckoning, at least $175 billion of that money has already been allocated.
Capital Bank Corp., based in
Severn Bancorp, based in
Iberiabank Corp. said the Treasury Department had approved its application to sell up to $115 million in preferred stock to the government. But the bank holding company, based in
Excerpts from:
http://worldreports.org/news/174_latest_false_prospectus_from_paulsons_treasury
LATEST FALSE PROSPECTUS FROM 'PAULSON'S' TREASURY
DECEITFUL TRANSFER OF BANK ASSETS TO BUYER WITHOUT RECOURSE
Tuesday 23 September 2008 03:30
By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and our 'politically incorrect' intelligence books online from this website.
SECOND UPDATE, 26th September 2008:
WHO'S BEING 'RESCUED'? THE BANKS? WRONG: THE CROOKS
When 'Paulson' was televised getting down on bended knee in front of Pelosi, as though he was proposing to her (yuk), what do you suppose he was saying, apart from possibly asking for a less prominent lamp post? Here's what he may have been pleading to his co-conspirator:
'PLEASE vote for whatever convoluted version of the Plan comes out of the works, because quite clearly if you do not, we'll be TOAST on Monday. I don't care what Congress does, AS LONG AS YOU ALL VOTE FOR SOMETHING, cuz then Dubya will be able to appear on TV and praise me for having saved America and the whole world. But the underlying reason that you MUST DO THIS, darhling, is that it's our pocket money, the on-the-books cash that we need for our new trading platform, so's we can continue our hypothecation operations after we get out of this hellhole, like nothing ever happened. So be a dear, would ya?'
...
The game is well and truly up(side down) when the so-called US Treasury Secretary is seen kneeling before the Speaker of the House of Representatives like a mediaeval pilgrim worshipping a saint. Or like Lavrenti Beria, Stalin's Interior Ministry (MVD) Chief, who, having ordered the murder of millions, broke down and fell on his knees in floods of tears when his executioners arrived at his cell to deliver the standard bullet through the temple.
FIRST UPDATE, 26th September 2008:
There are even those [Congressmen] who are now prepared to accept that this crisis, which has driven Americans from their jobs and homes, with their sons dying in wars launched for ruthless private gain, is about one thing only: OPEN-ENDED OFFICIAL FRAUDULENT FINANCE OPERATIONS. The 'subprime mortgage crisis' was a 'slide' [see below].
As soon as this factor is understood by the general public, as seems likely, there will be hell to pay. Applications for a Permit-to-Carry arms have increased enormously in recent weeks and months, with correspondents emailing the Editor with observations such as:
'Everyone I've talked to affirms they will die with their guns at their hands. We'll fight! These people have overestimated themselves and underestimated us "useless eaters"'.
Our view remains that what is about to change is that THE RULE OF LAW will be re-established and that these criminal operatives will NOT get away with their crimes. Certain information, backed by extremely sensitive 'smoking gun' data, has been in the hands of the appropriate authorities for about a week, that proves inter alia that these crooks have engaged in war profiteering on a scale with no historical precedent, which explains why Bush was never in the slightest interested in the dead bodies that were and are being buried in Arlington Cemetery, which ran out of space to take the daily new arrivals. These people are brought up to INFLICT PAIN WITHOUT FLINCHING.
Important reading:
SECONDARY SAUSAGES FROM THE D.C. SAUSAGE MACHINE
WASHINGTON THEATRE DIVERTS ATTENTION FROM THE PRIMARY SAUSAGES
Saturday 27 September 2008 20:40
http://worldreports.org/news/175_secondary_sausages_from_the_d.c._sausage_machine
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