Soaking in the soothing mineral waters
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yes, had a .0001 buy sitting for awhile now..just got picked up with some gambling money..
Time to buy a few trading shares for when it runs to .10 again..May as well pick up some pocket change while waiting around for something to happen..
I have bought and sold POWN for long time now..This will go up again for some quick cash but until they get off the pinks this will go up and down. Accumulate under.10 sell on the next run..Like to see another .60 run again....I believe Gil and Stan could give a crap about the stock price..But I also believe that when the time is right they will get POWN listed on a big board...Now that will be when the big bucks show up...So accumulate make some cash and keep a core for the long haul...
I like it allot...The one last fed reserve criminal and big dog to go down...This would be interesting...COmplete take down of the fed reserve banking cartel..There is rumoured talk of a banking holiday the end of sept...Time to restructure the system after the complete demis of the old fed reserve banking cartel...
added a couple more today @.0013...
put in a partial sell for .004..got it filled while i was out..now running on free shares
I picked up a few more this morning on the drop...002
CIM will emerge as the new 1010+CMKX company..
The little you know...There were 2 divi.....The first one legit the second questionable..All who bought cmkx after have what they have,,CMKM cert or 2...
The question is Hw much cim divi are you holding in your account or in cert.There were 2......
1010 + CMKM = CIM
the mm's run it to .003 and they may get a few shares..The weak hands and flippers have sold already
The mm's are filling at the bid...Just picke some more..
Picked up some more stash at .0012...Such a great day!!!
Could JPM tumble and fall like AIG....The fed bank monster bites the dust..
It means we wait..and if to long the MM's will drag us back to .06 again.JMHO
is the float real Float: 340.70M a douple on the volume..company dumping shares???
New bank of america logo will include merril lynch...You think the new chase logo may include WAMU.....
GMAC and all the other crooked financial institutions we all caught in the rat trap.
With the failure of IndyMac 32 bil in assets the FDIC paid out 10.7 Bil. the recent Bankunited 13 bil in Assets the FDIC paid out 4.9 Bil.... WAMU had 307 bil in assets...which was sold to JPM for 1.9 Bil..Looks like the FDIC has some splaining to do. And some cash to pay up.
Wilbur Ross Starts Bank Buy Ups
Friday, May 22, 2009 8:51 AM
Article Font Size
The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began felling banks last year.
The costliest was last year's seizure of California lender IndyMac Bank, on which the bank insurance fund is estimated to have lost $10.7 billion.
The Office of Thrift Supervision, a Treasury Department agency, said Thursday that BankUnited FSB reported $1.2 billion in losses last year as defaults on loans piled up. The thrift "was critically undercapitalized and in an unsafe condition to conduct business," the agency said in a statement.
Coral Gables, Fla.-based BankUnited FSB is the 34th federally insured institution to be closed this year, and the biggest. Florida's largest banking institution with about $13 billion in assets as of May 2 was sold for $900 million to an investor group led by former North Fork Bancorp Chairman and CEO John Kanas. It will reopen as a newly chartered savings bank called BankUnited on Friday, with Kanas at the helm.
The investor group includes several prominent firms: the Blackstone Group, the Carlyle Group, Centerbridge Partners and WL Ross & Co., the private-equity firm run by billionaire investor Wilbur Ross.
The new bank will assume $12.7 billion in assets and $8.3 billion of its total $8.6 billion in deposits. In addition, the FDIC and the new bank agreed to share losses on about $10.7 billion in assets.
Deposits will be insured by the FDIC, and customers can continue to use BankUnited FSB checks, ATM cards and debit cards, the FDIC said.
The failed bank's parent was BankUnited Financial Corp. It had 1,083 employees and 85 branches, all in Florida, mostly located along the state's southeast coast.
The 34 bank failures this year in the U.S. compare with 25 in 2008 and just three in 2007. As the economy nationwide has soured, amid rising unemployment, tumbling home prices and soaring loan defaults, bank failures have cascaded and sapped billions out of the deposit insurance fund. According to the most recent data available, the fund now stands at its lowest level in nearly a quarter-century -- $18.9 billion as of Dec. 31, compared with $52.4 billion at the end of 2007.
The FDIC expects that bank failures will cost the insurance fund around $65 billion through 2013.
The FDIC has planned to impose a new emergency fee on U.S. banks to replenish the fund. Legislation passed by Congress this week boosts the FDIC's authority to borrow from the Treasury Department if needed from $30 billion to $100 billion, allowing the agency to reduce the amount of the insurance fees.
The failure of IndyMac, which had $32 billion in assets, was the second-largest last year, trailing only the September collapse of Washington Mutual Inc.
Thrifts have been the most troubled regulated institutions during the financial crisis and among the most spectacular failures. By law, they must have at least 65 percent of their lending in mortgages and other consumer loans -- making them particularly vulnerable to the housing downturn. Seattle-based thrift Washington Mutual was the biggest bank to collapse in U.S. history, with around $307 billion in assets. It was later acquired by JPMorgan Chase & Co. for $1.9 billion.
© 2009 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.
Lots of banking battling going on.
By Elisa Martinuzzi
April 28 (Bloomberg) -- Milan’s financial police seized 476 million euros ($620 million) of assets belonging to UBS AG, Deutsche Bank AG, JPMorgan Chase & Co. and Depfa Bank Plc amid a probe into alleged fraud linked to the sale of derivatives.
The police froze the banks’ stakes in Italian companies, real estate assets and accounts, the financial police said in a statement today. The assets seized yesterday also include those of an ex-municipality official and a consultant, the police said.
The City of Milan is suing the four banks after it lost money on derivatives it bought from the lenders in 2005. The securities swapped a fixed rate of interest on 1.7 billion euros of bonds for a variable rate that was losing the city 298 million euros as of June. Milan is among about 600 Italian municipalities that took out 1,000 derivatives contracts worth 35.5 billion euros in all, the Treasury said.
“Milan is an important case because it can be used as an example by others,” said Alfonso Scarano, who is heading a study into the trades by AIAF, a group representing Italian financial analysts. “This is a unique time for borrowers to shed light on their potential losses and renegotiate contracts” to take advantage of interest rates that have fallen to record lows. AIAF will next week testify before the Italian Senate’s inquiry into the cities’ use of derivatives contracts.
Officials at all four banks declined to comment. In January, JPMorgan filed a lawsuit against the city in London. The bank is seeking to have dispute heard in the U.K., according to two people familiar with the claims.
Cassa Depositi
A spokesman for Milan’s city council declined to comment. A report commissioned by the city last year into the derivatives trades didn’t identify the officials involved in the decision.
The banks reaped about 100 million euros in fees from the transactions, Milan’s financial police said today. Public officials, seeking to cut the cost of their debt and help fund their budgets, turned to the banks to refinance borrowings from the state-owned lender Cassa Depositi e Prestiti.
The 30-year bond carried annual interest of 4.019 percent. With the derivatives, the city swapped the fixed interest rate for a floating rate set at 12-month Euribor. Milan also agreed to repay the principal by annual payments instead of at maturity, according to the city’s report.
The banks and Milan later agreed on so-called interest-rate collars, under which the banks would pay the borrower if Euribor rose above a certain level, the so-called cap, while the borrower would pay the banks if Euribor fell below the so-called floor.
Credit-default Swaps
The banks misled municipal officials on the advantages of buying the derivatives, including the impact of the fees they charged on the contracts, the financial police have said. The banks made three times more money from the cap than Milan did from the floor, according to the city’s report.
Local governments often entered into derivative contracts without soliciting bids from competing buyers. In 2007, Milan also sold a credit-default swap, exposing itself to the risk that the Republic of Italy might default, the document shows.
The Milan case is among lawsuits filed by local governments from Germany to the U.S. amid allegations of mis-selling and fraud. Italy’s Senate is leading a review of the use of derivatives among local administrations.
Italian prosecutors can seize assets, subject to judicial approval, to prevent the worsening of the consequences of the crime or prevent further crimes being committed, according to Andrea Giannelli, a researcher at Milan’s Bocconi University.
‘Intimidating and unprecedented’
“Its use in this case is somewhat intimidating and unprecedented,” said Giannelli. “It’s a measure they may be using to accelerate a solution.”
Deutsche Bank, Germany’s largest bank, last year won dismissal of a lawsuit filed by Hagen, Germany, over losses on derivatives that the city purchased from the lender.
The U.S. Justice Department has been investigating for more than two years whether banks and brokers conspired to overcharge local governments on similar swap agreements.
Alabama challenged a so-called swaption deal last year as local governments across the U.S. faced rising bills after derivative trades with Wall Street banks backfired. The Alabama Public School and College Authority filed a lawsuit in October seeking to void a so-called swaption, or option on an interest- rate swap, that it sold to JPMorgan in 2002.
Yea, Going to $2
There is a cat and mouse game going on with all the Federal reserve Banks financial institutions.
So when will JPM pay up."JPMorgan Chase benefited from its acquisition of Bear Stearns Cos. and Washington Mutual Inc. last year,"
Maybe this is why GS is winning the game
http://www.nowandfutures.com/d2/LookingBehindTheCurtain20090409Armstrong.pdf
It will be what it will be..We on these boards have little say so in what is happening. If people buy and sell on what is being spewed on these boards then it is their loss... DO your DD...make your decisions..Hold trade sell...From your own convictions not that of an unknown alias poster pumper or dumper...
When I look around and see some vehicles that look very modern and sleek some futuristic, then I see a tail pipe it just seems so archaic...And electric lines all over, didn't Tesla come up with a way to produce wireless electricity nearly 100 years ago. In some ares we have come along way this century and others we are still in the 1800's..Just a modern veneer masking it.
Looks more like Thailand
I agree, the FDIC cannot risk the exposure if this got drawn out in a court case. All this country needs more public exposure of all the corruption. They will settle as quiet as possible. The news can be somewhat controled but if this really got nasty the talking heads would be fighting over the story...The question is how much...
You still hanging around here JS...I forgot you have a full time job..
But what a great party it was. Upset shareholders ..Great food entertainment door prizes...Hell I won a 300 buck door prize. Met Urban, Shook his hand, thanked him for the party and door prize...Looked him in the eye..No crook there, just an honest humble man..Still say CMKX was used a a sting machine..Many are getting stung this past year...And more to come..
Be good news to see this continue to go up a few pennies a day.
Some interesting people being connected together. 2009 will be an exciting year..Wonder how many hedge crooks and ponzi scheme artists going down..Same address...Hmmmmm
http://www.stoeckleinlaw.com/ContactUs.jsp and http://www.aguirrelawfirm.com/
from SYGY1 on paltalk.
interesting if true....
Congressman Ron Paul
Foundation for Rational Economics and Education
December 17, 2008
Dear Friend of Liberty:
The Founders' inspired vision of limited government has been kept alive by the hard work and generosity of Americans who truly cherish individual Liberty... average people like you and me.
In the toughest times... times like we are facing right now in the life of our nation... freedom fighters have always stepped forward for Americaarmed with whatever it takes and at whatever sacrificeto answer the call to defend our liberty. That's how America was born and how we, as a free and sovereign nation, have survived.
A major economic crisis is unfolding in our nation. New government programs are started daily, and future plans are being made for even more costly government expansion. All are based on the belief that we're in this mess because free-market capitalism and sound money failed. The obsession is with more spending, bailouts of bad investments, more debt, and further dollar debasement. Many are saying we need an international answer to our problems with the establishment of a world central bank and a single fiat reserve currency.
These suggestions are merely more of the same policies that created our mess and are doomed to fail.
It is unimaginable that Congress could be so derelict in its duty. It does nothing but condone the arrogance of the Fed in its refusal to tell us where the $2 trillion has gone. Every Member of Congress and every American should be outraged that conditions could deteriorate to this degree. It's no wonder that a large and growing number of Americans are now demanding an end to the Fed.
The Federal Reserve created our problem, yet it manages to gain even more power in the socialization of the entire financial system. The whole bailout process this past year was characterized by no oversight, no limits, no concerns, no understanding, and no common sense.
I hear daily from Americans like you who are up in arms about what is going on in our nation. Messages come into my congressional office morning, noon and night. Taxpayers are outraged by the huge bailouts, the massive expansion of government and the refusal by Congress and the leaders of both parties to follow the Constitution.
Many Americans are frustratedor even outright angryabout failed government policies that just tighten the government's noose around our necks.
The results of the recent election and the socialist policies that we are seeing proposed are indeed reminiscent of FDR and the New Deal and are equally dangerous. Free market economists and historians have correctly pointed out that Roosevelt's horrendous economic policies only served to prolong and extend the severity of the Great Depression by many years. When the market is not allowed to work, government-created economic downturns are only made that much worse.
Since the financial crisi s has become more and more apparent and the attempts by the Fed, and Treasury and Congress to solve the problem have become more desperate, my phone has been ringing off the wall with calls from media outlets wanting to interview me and get my opinions about what is going on and how we need to deal with it.
During the presidential election, do you remember how the media scoffed at my suggestions that we were facing economic disaster? They laughed at my calls for limited government, for abolishing the Fed and the IRS, for cutting federal spending at home and abroad to balance our budget, and my call for a sound monetary system.
Today, with the crisis at hand, they are not laughing any more.
But, if we love our nation, it is not sufficient for us to sit back and say "we told you so."
The task before us is huge. Our challenge is both political and philosophical, but either way the solution must begin by properly educating Americans as to why our current out-of-control, misguided political and financial systems have failed, and what must be done to turn things around.
My Foundation for Rational Economics and Education (FREE) has been waging such an educational effort for several decades. We have had a great deal of success publishing newsletters and books and producing radio and TV programs teaching people about the Constitution and free markets and sound money.
FREE has done much to educate patriots like you and to win the battle for the hearts and minds of Americans young and old. Today, however, given the severity of the crisis we face, we must do even more in our battle to spread the truth It is imperative that we redouble and expand the work and scope of FREE's educational effort. Right now, while people are still looking for answers and even the media is trying to figure out what in the world is going on, we must step in to fill the void that exists and to provide answers and solutions for the problems that face us.
You have been a faithful supporter of the cause of liberty. You understand the serious nature of the threats that confront us and the dangers posed to our freedom and our very way of life.
It is up to us step up and lead the pro-freedom movement, not just in Congress, but in every community and at every level of government and every institution of learning.
Our ability to lead this movement comes from your tax-deductible contribution to FREE. $50 or $100, or even $250 or more if you can afford it, is urgently needed to help fund the effort to turn our government and our nation around... before it is too late.
Leadership is sorely lacking in Washington. It is time for true leaders like us to step forward and offer the vision needed to point Congress and our nation in the right direction... and to halt the assault on our nation's sovereignty.
This is a dangerous time. But it is also an historic opportunity. Please help today with your most generous, tax-deductible gift for freedom. We must act swiftly to fill the leadership void in Washington. The time is NOW and the need is urgent!!!
Please log on to www.FREE-NEFL.com and contribute to the incredibly important work of FREE. No gift is too small... and every donation will help me continue to lead the battle for Liberty.
I'm counting on you.
For Liberty,
Ron Paul
P.S. If you can help with $50 or more, I will send you my "Freedom Report" newsletter for a full year as my "thank you" for your generous help. And for a gift of $100 or more I would like to send you a copy of my book on foreign policy... A Foreign Policy of Freedom.
P.P.S. If you can help FREE with a magnificent gift of $500 or more, I'll send you a personally autographed copy of my best-selling book, The Revolution: A Manifesto.
And Ole Henry and his crony pals will be sharing the 700 billion that he conned out of the tax payers. It will be gone by the end of the year and Ole Henry will be gone. A new treasury sec will be appointed by the new administration. And the DOW will be 6000-7000....
Hang around for the next pump...
Has anyone not recieved their RV shares in their account..Looks like Atrade took my ccmj and gave me nothing in return.
CruiseCam Nears Completion of Negotiations for Acquisition Then Potential Merger(s)
10:20a ET October 3, 2008 (Business Wire)
CruiseCam International, Inc. (Pink Sheets:CCMJ) is pleased to announce that the final negotiations that have been taking place for several months is finally nearing a close. Details of the final resolution will be announced very shortly. "I believe the shareholders will be extremely happy with the direction that the company is headed and look forward to this exciting new chapter in the company's development," said Scott Watkins, CEO of CruiseCam International Inc.
About CruiseCam International
CruiseCam International (Pink Sheets:CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1996, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/.
SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.
SOURCE: CruiseCam International, Inc.
CruiseCam International, Inc. Investor Relations: Randy Hamdan, 313-768-7899 hamdan@cruisecam.com
Just give the CMKX shareholders $1 a share..Stiulate the economy with no inflation..
Need Some real news