Ex-Mortgage CEO, Paul Allen, Sentenced To Prison For Fraud

Defend the CEO title and dump the man.

Paul R. Allen sentenced to prison in mortgage fraud case and his lawyer attributes the crime to the "man" and not the fact that he was CEO of the collapsed firm of Taylor Bean & Whitaker.

"Mr. Allen was not treated as a CEO. He did not function as a CEO," said defense lawyer Stephen Graeff. "Sentence Mr. Allen the man, not Mr. Allen the title."

For the full story go to:  http://huff.to/iWqWF1

Some people say they are thinking that it wasn't a three letter acronym that defrauded the people and stole their money - They would bet it was the man

Yet it was because he was the CEO and he felt it part of his job to commit the fraud that the crime occurred. If he was in any other position he would not have had the wherewithal. 

I'm willing to bet at the time he thought his CEOness put him above the law.

North American Members of Al Qaeda as of 6/9/11

American  

• Anwar al-Awlaki

• Jaber A. Elbaneh

• Adam Yahiye Gadahn

• Wadih el-Hage

• Ziyad Khaleel

• Sharif Mobley

• Ali Mohamed

• Bryant Neal Vinas

Canadian

• Faker Boussora

• Mohammed Jabarah

• Ahmed Khadr

• Amer el-Maati

• Ahmed Ressam

Mexican

As of June 9 2011 there are no known prominent Al Qaeda members from Mexico

All links are to the Wikipedia article

China Is Drastically Reducing Its Holdings of US Debt

Is there anyone else who has the money or desire to buy our notes. The Gulf Arab central banks said they still regard US Treasuries as a safe but how long will that last?

If no one else steps up to buy our debt this may signal the "unraveling" of the US economy, the beginning of titanic economic tsunami. 

Guest report-Steven Mantz

China is reducing its holdings of US debt. uh-oh. 

China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.

Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.

Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. At that point China’s overall holdings of U.S. debt continued to increase.

Since October, however, China has also started to divest from longer-term U.S. Treasury securities. As reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.

Full Story:

China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills | CNSnews.com

Decline In Stock Market Investing - An Economic Troubling Sign

Want to know what the hot new trend in investing apparently is? Not investing. Even though the S&P 500 (SPX) has more than doubled from its March 2009 bear market lows, many investors still don't trust the rally according to a survey from Prudential Financial. 

Prudential (PRU, Fortune 500), which polled more than 1,000 investors between the ages of 35 and 70 online earlier this year, found that 58% of those surveyed have lost faith in the stock market. 

Even more alarming, 44% said they plan to never invest in stocks. Ever.

From Steve Mantz- Taxpayers Take Action 2011

Never buy stocks again? Seriously

money.cnn.com

These are signs of a two tiered economic system. Those who with large amounts of money have "Wealth Management Advisors" who shepherd their clients money around the rocky shoals. 

Since these advisors are really plugged into the stock markets they can avoid many, but not all, bad turns in these markets. 

The reason for this may be that they also help to create much of the dangers in the market. 

The old fashioned idea of the stock market is to supply capital for companies to expand. 

In today's market, few major companies have significant plans to invest in their businesses, but instead are using their sizable cash reserves to buy back stock and pay their executives high salaries and bonuses. 

We also see the continued expansion of the financial derivative and hedge fund markets which are more of betting proposition than investing in the future of the American economic system. 

If you are not the wealthy investor then you exist to supply the market grease. And as we all know the function of market grease is facilitate movement, lubricate and be crushed by gigantic segments of the market system. 

Of course the real fun will begin when the market tanks and the wealthy investors will only have each other to steal from.

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