Using Our Own Money Against Us Part 4 (a new one for me): Rearranging Bank Deck Chairs

I've seldom if ever got as far as a Part 4 on something--plenty of Part 3's, but not many Part 4's.

The banks are desperately trying to rearrange deck chairs in preparation for the stress test results, which will be covered up anyway by our own Fed and Treasury. The results of Martin Weiss Research's own studies show just how deeply they're involved with derivatives--most of which are mortgage-backed, and we all know what happened with those!

We also know that Fannie and Freddie are ticking time bombs in themselves with massive foreclosures even AFTER loan workouts and refis. Where do you think some of the mortgages backing those derivatives are coming from? Fannie and Freddie--we poisoned the well all by ourselves.

To attempt to cover their hineys in the stress test AND quarterly results filings with the SEC and shareholders (not to mention potential stock buyers), they have had to raise capital for reserves in any way they can: by taking TARP money, by taking back part of our credit lines, by selling stock or converting preferred shares into common ones, or by the next-to-last defense--credit value adjustments (write-downs and debt buybacks).

The last step is bankruptcy or governmental takeover by FDIC.

What's worse--the only thing preventing US from doing any of these things to avoid our own debt problems is a single regulation. Otherwise, we would all be cramming each other down to nothing, and the TRUE end of prosperity would fall upon us. No more Wall St., no more investment banks, no more large commercial banks, and quite possibly no more Fed or Treasury--there is an effort to kick those responsibilities up to the global level with the IMF and Central Bank.

There's also an effort to kick our legal system up to international law level, BTW.

We will, in short, become Sweden II--not much production to speak of, not many jobs, no food growth, negative population growth, and every single thing subsidized by an 80% tax rate. God knows how they can afford Volvos and housing on the remaining 20%!