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 Post subject: The "crash" by the same players as 1929!
Posted: Fri Aug 08, 2008 12:21 pm 
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Joined: Sat May 13, 2006 10:24 pm
Posts: 78
Now maybe you all know who JP Morgan 1s. . . (DUH LAP DOG tied in with the umbilical banking CORD, of the Rothschild's, and the WARburgs! Funders of BOTH sides of EVERY WAR since early1900s!

They be the TOP TWO of the worlds MOST RICHEST "families!" [I use wordage loosly, as "family" should refer to humans!]

And so HOW COULD DUH LAP DOGS, be in trouble, with the backing of the MOST wealthiest buds in DUH world?

OH YEA it's for DUH "LAP dog and pony show," of the 1929 CRASH ALL OVER AGAIN, and with DUH exact players, movers and shakers. . . . ALL OVER AGAIN!

Did I mention that the same people are doing DUH EXACT SAME THING AGAIN? HUMMMMMMMMM?

The following is for "Fair Use" information ONLY not to be rented or sold, or legislated.
As my GOD, the WORD, made up all the alphabets, of all the languages, and all that is derived form those alphabets, belong to HIM, not mammon!

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Morgan Stanley Freezing Home-Equity Credit Withdrawals

August 6th, 2008
The ATM is closed.

Via: Bloomberg:

Morgan Stanley, the second-biggest U.S. securities firm, told thousands of clients this week that they won’t be allowed to withdraw money on their home-equity credit lines, said a person familiar with the situation.

Most of the clients had properties that have lost value, according to the person, who declined to be identified because the information isn’t public. The New York-based investment bank will review home-equity lines of credit, or HELOCs, monthly from now on, the person said yesterday.

Wall Street firms including Morgan Stanley are ratcheting back on risks after the collapse of the subprime mortgage market and ensuing credit contraction saddled banks and brokerages with almost $500 billion of writedowns and losses. Consumers fell behind on home-equity credit lines at the fastest pace in two decades in the first quarter, the American Bankers Association reported last month.

“Morgan Stanley periodically reassesses client property values and risk profiles,” said Christine Pollak, a Morgan Stanley spokeswoman in Purchase, New York. “A segment of clients was recently notified of a change in the status of their home- equity line of credit, or HELOC, due to a change in the value of their property and/or their credit profile.”

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So "drivers START your engines,"
"ON your mark [ah er dollar] "GET. . . READY. . . GO?"
Are they jumping OUT der windows yet?

Do you hear the "FAT lady" singing? "Yo cash ain't nothing but trash?"

_________________
. . ."And they that belong to Christ's HAVE crucified the flesh with the affections and lusts." Gal 5:24 "Who-so-ever sins belongs to the devil. . . " 1Jn.3:8 So do you really BELONG to Christ?


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