Support Our Bankers (SOB) - Following Funny Money Support Our Bankers (SOB) campaign site, where we're dedicated to “Following Funny Money.” http://supportourbankers.org/ Sat, 11 Feb 2012 00:18:09 +0000 Joomla! 1.5 - Open Source Content Management en-gb THE ELLIOTT WAVE LIVES ON 091218 http://supportourbankers.org/technical-analysis/the-elliott-wave-lives-on-091218.html
The market continued its pullback from the pre-FOMC statement SPX 1116 high. Most of today's damage was done in the first hour of trading and the market drifted a bit lower heading into the close. Several potential short term counts are now in play: a retest into the mid-1080's for a quadruple bottom consolidation, a wave 3 rally from current levels counting SPX 1086-1116 as wave 1, or a total breakdown from the SPX 1116 high. Option expirations can often be quite volatile. The answer to either of these three potential scenarios should be forthcoming shortly. Continue to monitor the OEW pivots for guidance.]]> frontpage Fri, 18 Dec 2009 09:06:19 +0000 The Dollar Index has made its way to a 0.2% gain http://supportourbankers.org/technical-analysis/the-dollar-index-has-made-its-way-to-a-02-gain.html frontpage Fri, 18 Dec 2009 09:04:33 +0000 Lifestyle of Wall Street Players http://supportourbankers.org/videos/lifestyle-of-wall-street-players.html {rokbox title=|The Fabulous Life Of Billion Dollar Wall Street Ballers :: | thumb=|http://supportourbankers.org/site/content/78/The Fabulous Life Of Billion Dollar Wall Street Ballers.jpg| size=|100% 100%| album=|South Park on the Mortgage Crisis, Financial Crisis, Recession, and Government Bailouts. |}http://video.google.com/videoplay?docid=-6192002654905175683{/rokbox}

Source: The Fabulous Life Of Billion Dollar Wall Street Ballers]]> frontpage Thu, 07 May 2009 04:06:55 +0000 Wall Street Massacre - Murder Madoff - The Main Street Avenger http://supportourbankers.org/articles/wall-street-massacre-murder-madoff-the-main-street-avenger.html {rokbox title=|Wall Street Massacre - Murder Madoff - The Main Street Avenger :: | thumb=|http://supportourbankers.org/site/content/75/Wall Street Massacre - Murder Madoff - The Main Street Avenger.jpg| size=|100% 100%| album=|Wall Street Massacre - Murder Madoff - The Main Street Avenger |}http://www.arcadecrime.com/games/WallStreetMassacre_soft.swf{/rokbox}

The Main St.Avenger in Wall Street Massacre, main objective to murder madoff.
Description : This is a grisly, hardboiled action Flash game putting you behind the wheel, the gun and the rage of an average American who’s lost it all to Wall Street’s greed.


Source: Arcade Crime - Now playing Wall Street Massacre – Murder Madoff (Censored)]]> frontpage Sun, 05 Apr 2009 22:44:07 +0000 South Park on the Mortgage Crisis, Financial Crisis, Recession, and Government Bailouts. http://supportourbankers.org/videos/south-park-on-the-mortgage-crisis-financial-crisis-recession-and-government-bailouts.html {rokbox title=|South Park on the Mortgage Crisis, Financial Crisis, Recession, and Government Bailouts :: | thumb=|http://supportourbankers.org/site/content/74/South Park on the Mortgage Crisis, Financial Crisis, Recession, and Government Bailouts.jpg| size=|100% 100%| album=|South Park on the Mortgage Crisis, Financial Crisis, Recession, and Government Bailouts. |}http://www.youtube.com/watch?v=JBETqjlDMNc{/rokbox}

And it's gone!


Source: South Park - Stan Marsh takes us through the mortgage crisis]]> frontpage Tue, 31 Mar 2009 19:48:12 +0000 The Money Masters - How International Bankers Gained Control of America http://supportourbankers.org/videos/the-money-masters-how-international-bankers-gained-control-of-america.html
{rokbox title=|The Money Masters :: How International Bankers Gained Control of America | thumb=|http://supportourbankers.org/site/content/73/The Money Masters - How International Bankers Gained Control of America.jpg| size=|100% 100%| album=|The Money Masters - How International Bankers Gained Control of America |}http://video.google.com/videoplay?docid=-515319560256183936{/rokbox}

The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..." THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.


Source: The Money Masters - How International Bankers Gained Control of America]]> frontpage Tue, 31 Mar 2009 03:47:06 +0000 Possible modification to mark-to-market rules related to bank write-downs of troubled assets http://supportourbankers.org/articles/possible-modification-to-mark-to-market-rules-related-to-bank-write-downs-of-troubled-assets.html But the biggest news may come Thursday. The Financial Accounting Standards Board is expected to decide whether to modify mark-to-market rules related to bank write-downs of troubled assets.

Some observers say the mark-to-market rules forced banks to take massive write-downs — even on mortgage assets that holders were still consistently paying. Others say a change would be a setback for transparency.

If mark-to-market accounting is dropped, it could boost earnings at the troubled banks by 20% or more, some analysts say.

Those who stand to benefit from such a move — Citigroup, Bank of America and Wells Fargo — were huge losers Monday. They fell 12% to 18%, but volume was unexceptional.

Source: Leaders Dodge Pain, But NYSE Adds Distribution Day ]]> frontpage Tue, 31 Mar 2009 03:34:34 +0000 AIG Was Responsible For The Banks' January & February Profitability http://supportourbankers.org/articles/aig-was-responsible-for-the-banks-january-a-february-profitability.html For those to whom this is merely a lot of mumbo-jumbo, let me explain in layman's terms: AIG, knowing it would need to ask for much more capital from the Treasury imminently, decided to throw in the towel, and gifted major bank counter-parties with trades which were egregiously profitable to the banks, and even more egregiously money losing to the U.S. taxpayers, who had to dump more and more cash into AIG, without having the U.S. Treasury Secretary Tim Geithner disclose the real extent of this, for lack of a better word, fraudulent scam.

In simple terms think of it as an auto dealer, which knows that U.S. taxpayers will provide for an infinite amount of money to fund its ongoing sales of horrendous vehicles (think Pontiac Azteks): the company decides to sell all the cars currently in contract, to lessors at far below the amortized market value, thereby generating huge profits for these lessors, as these turn around and sell the cars at a major profit, funded exclusively by U.S. taxpayers (readers should feel free to provide more gripping allegories).

What this all means is that the statements by major banks, i.e. JPM, Citi, and BofA, regarding abnormal profitability in January and February were true, however these profits were a) one-time in nature due to wholesale unwinds of AIG portfolios, b) entirely at the expense of AIG, and thus taxpayers, c) executed with Tim Geithner's (and thus the administration's) full knowledge and intent, d) were basically a transfer of money from taxpayers to banks (in yet another form) using AIG as an intermediary.

For banks to proclaim their profitability in January and February is about as close to criminal hypocrisy as is possible. And again, the taxpayers fund this "one time profit", which causes a market rally, thus allowing the banks to promptly turn around and start selling more expensive equity (soon coming to a prospectus near you), also funded by taxpayers' money flows into the market. If the administration is truly aware of all these events (and if Zero Hedge knows about it, it is safe to say Tim Geithner also got the memo), then the potential fallout would be staggering once this information makes the light of day.

Source: Exclusive: AIG Was Responsible For The Banks' January & February Profitability]]> frontpage Mon, 30 Mar 2009 19:33:04 +0000 How Obama’s administration handled the AIG problem http://supportourbankers.org/videos/how-obamas-administration-handled-the-aig-problem.html

{rokbox title=|How Obama’s administration handled the AIG problem :: | thumb=|http://supportourbankers.org/site/content/68/How Obama’s administration handled the AIG problem.jpg| size=|100% 100%| album=|How Obama’s administration handled the AIG problem|}http://www.youtube.com/watch?v=zHCG5DXRC8o&{/rokbox}

Eric Holder: Feels like a big trick, we keep bailing out these financial institutions and they keep giving themselves bonuses.

Joe Biden: Like tipping a rapist.


Source: How Obama’s administration handled the AIG problem
]]> frontpage Mon, 30 Mar 2009 18:37:18 +0000 Nassim Taleb: Time to Nationalize US Banking System? http://supportourbankers.org/videos/nassim-taleb-time-to-nationalize-us-banking-system.html
{rokbox title=|Nassim Taleb :: Time to Nationalize US Banking System? | thumb=|http://supportourbankers.org/site/content/66/Nassim Taleb - Time to Nationalize US Banking System.jpg| size=|100% 100%| album=|Nassim Taleb: Time to Nationalize US Banking System?|}http://www.youtube.com/watch?v=v05lVJzeQDQ{/rokbox}

Source: Nassim Taleb: Time to Nationalize US Banking System?

Full Video: Nassim Taleb and Daniel Kahneman: Reflection on a Crisis]]> frontpage Sat, 28 Mar 2009 15:49:29 +0000