Wall Street Failures Continue

Will the Fed bail out Lehman Brothers? It appears the large investment banking firm will fail. This has warranted an Emergency Meeting of the Federal Reserve.

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The house of "Credit Cards" comes tumbling down. More failures of our fiat economy and placing national worth in credit, a big mistake. Unfortunately our financial situation is so bleak that many families are not able to survive and buy necessities without credit. Families that become slaves to the credit banker. Now the credit bankers are failing due to failed political policy of NAFTA, CAFTA and other policies which have resulted in shipping our wealth to other nations. Our leaders have been traitorous to working Americans for many years. National leadership moves our country into further debt, into further foreign ownership of our assets.

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What effect will these economically stressful times have on further home development on Goose Pond? I have been informed there are many, many pending local foreclosures.

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Links concerning this financial crisis, http://blogs.financialcontent.com/financial_market_news/2008/09/possible-lehman-brothers-failu.html a cascading meltdown may be possible. http://www.portfolio.com/views/blogs/market-movers/2008/09/11/could-lehmans-failure-cause-a-systemic-meltdown

Companies Hiding Debt

The credit crunch and poor management have resulted in some publicly traded corporations attempting to hide debt. http://articles.moneycentral.msn.com/Investing/CompanyFocus/3WaysCompaniesBuryTheirDebt.aspx

Shhh, we have secrets and we don't want our stockholders to know the truth. Here is a good article on evaluating company capital structure. http://www.investopedia.com/articles/basics/06/capitalstructure.asp A short course in "stock scams." http://www.fraudbureau.com/investor/101/