8 banks close in Calif., Fla., Mass., Mich., Wash.

The Associated Press -

WASHINGTON - Regulators have shut down eight banks - three in
Florida, two in California, and one each in Massachusetts, Michigan
and Washington - putting the number of US bank failures this year at
50. FDIC seizes, sells Innovative Bank in Oakland Bizjournals.com
TD Bank buys assets, liabilities of 3 banks from FDIC Reuters

SEC accuses Goldman Sachs of defrauding investors (AP) Long overdue

but still to be commended, SEC accuses Goldman Sachs of civil
fraud / Now, what about the criminal fraud among other charges, also
long overdue? Where are the federal and state prosecutors?

Paulson, Looking to Go Short on Mortgages, Found a Willing Partner Wall

Street Journal - Scott Patterson, Gregory Zuckerman - A bold request
by hedge-fund manager John Paulson is at the heart of one of the
most significant legal cases stemming from the financial crisis. SEC
shines spotlight on little-known Goldman exec Reuters Warren
Buffett Takes $1 Billion Hit As SEC Charges Goldman Sachs CNBC

‘YAHOO [BRIEFING.COM]: … the SEC has charged Goldman Sachs and

one of the company's vice presidents with fraud related to subprime
securities … Concern that other investment banks and brokerages
may be implicated …On the other side of things, the preliminary
Consumer Sentiment Survey for April from the University of Michigan
came in at 69.5, which was not only below the 75.0 that had been
widely expected, but it was also the worst reading since November…’

The market b*** s*** keeps slinging 17 Apr 2010 04:01:00 GMT Despite
everything -- mounting home foreclosures, stubbornly high
unemployment, rising interest rates, …

Equities Update: News Sends Stocks Reeling … Stocks were positioning

for declines early on Friday … Markets got another body blow when
continuing concern about income and jobs sent the Thomson
Reuters/University of Michigan's Survey of Consumers down to 69.5 in
early April, the lowest reading in five months. The index finished at
73.6 in March and analysts were looking for a reading of 75.0,
according to a consensus poll by Reuters … The SEC, which also has
charged a Goldman vice president, claims Goldman misstated and
omitted key facts about a financial product related to subprime
mortgages. The SEC alleged in a lawsuit that Goldman structured and
marketed a collateralized debt obligation that hinged on the
performance of subprime residential mortgage-backed securities,
according to MarketWatch…
The End of 'Government Sachs' - Fraud Charge Builds Momentum for
Financial Reform, Ritholtz Says Timing is everything. With Washington
putting renewed attention on regulation reform, the SEC's fraud charges
against Goldman Sachs couldn't have come at a better time for supporters
of the cause. "There is nothing in (the complaint) that would give comfort
to people who are opposing more regulation on Wall Street," says Barry
Ritholtz CEO of FusionIQ and author of Bailout Nation … Sen. Ted Kaufman
of Delaware - one of the most outspoken supporters of reform - reacted to
the charges with this statement: "We can have only one justice system in
this country for both the rich and powerful and those who are not. I'm not
prejudging the merits of this action, but if we don't treat Wall Street firms
that have … defrauded investors of millions of dollars with the same
gravity as we treat all others, why would our citizens have faith in the rule
of law?" Reform could hurt Goldman's profitability as well as what Ritholtz
calls the firm's "golden boy" reputation in Washington. With former
Goldman executives serving a variety of roles in recent administrations of
both parties -- including Treasury Secretaries Robert Rubin and Hank
Paulson -- the firm is often referred to as 'Government Sachs' by critics and
admirers alike.

U.S. Accuses Goldman Sachs of Fraud New York Times | The move marks
the first time that regulators have taken action against a Wall Street
deal that helped investors capitalize on the collapse of the housing
market. Bi-partisan Effort to Impose Additional Gas Taxes On
Strapped Americans Kurt Nimmo | Graham, Kerry, Lieberman and
“moderate” Republicans push for 15 cents a gallon tax increase under
the guise of climate change. Foreclosure actions spike despite aid
Reuters | U.S. home foreclosures actions spiked in March and set a
quarterly record despite federal programs to combat the unrelenting
pace that homeowners are defaulting on mortgages.
Police State 4 Sneak Peak: Financial Terrorism Infowars.com | Police State
4 covers in detail the financial rip-off — to the tune of more than $20
trillion — perpetuated by the Federal Reserve.
GE: 7,000 tax returns, $0 U.S. tax bill General Electric filed more than 7,000
income tax returns in hundreds of global jurisdictions last year, but
when push came to shove, the company owed the U.S. government a
whopping bill of $0. SEC Charges Goldman Sachs With Fraud The
Securities and Exchange Commission on Friday charged Wall Street’s
most gilded firm, Goldman Sachs, with defrauding investors in a sale
of securities tied to subprime mortgages. Goldman Real Estate Fund
Lost 98 Cents on the Dollar Whitehall Street International, Goldman
Sachs’ international real estate investment fund, has lost almost all of
its $1.8 billion of equity following soured property investments in the
U.S., Germany and Japan, according to the fund’s estimates. Yet
Another Reason To Break Up The Big Banks Many of us have
 pointed out that the economy will not stabilize until the too big to fails
are broken up.

Goldman Sachs is accused of fraud WASHINGTON: The government has

accused Goldman Sachs & Co. of defrauding investors by failing to
disclose conflicts of interest in mortgage investments it sold as the
housing market was faltering.

(4-16-10) Dow 11,018 -126 Nasdaq 2481 -34 S&P 500 1,192 -20 [CLOSE-
OIL $84.68 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26
MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,137 [video] Gold
Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER
$17.70 (+47% for year 2009) PLATINUM $1,689 (+56% for year 2009) /
DOLLAR= .74 EURO, 92 YEN, .65 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.77% …..… AP Business
Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International
MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD
PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that
never was/were beyond wall street b.s. when measured in gold
Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The
Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE
COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer
(01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-
22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not
Going To Recover Current Economic / Fiscal Charts
Trendsresearch.com forecast for 2009 1-7-10 Crash is coming!
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /
Financial Data This Depression is just beginning The
coming depression… thecomingdepression.net MUST READ:
JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850
on the S&P) by TPC The Next Wave of Collapse is Coming Sooner
than you think Sliding Back Into the Great Recession
ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

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http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN …
FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com -

Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a
lofty next goal this week for Americans in space: Visiting an asteroid
by 2025. Obama's asteroid goal: tougher, riskier than moon The
Associated Press Obama calls for NASA to focus on trips to Mars and
beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto

bankrupt budget piece of pie.
And don’t forget, Bruce Willis and Ben Affleck, et als, have already done
this so it’s not as if they’re starting from ‘ground zero’, so to speak;
and Brian DePalma already has ‘Mission to Mars’ in the can, but
beware say the producers of ‘Species II’ since Eve, the cloned
daughter of Sill, might want to mate with astronaut Paddy Ross who
has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill

Ingalls - The first man to pretend to walk on the moon blasted
President Barack Obama's decision to cancel NASA's back-to-the-
moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake
dutch 'moon rock' revealed a treasured piece at the dutch national
museum - a supposed moon rock from the first manned lunar landing
- is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed
yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug
27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum /
ap. This rock, supposedly brought back from the moon by american
astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of

evidence that shows again that apollo program is indeed a fake and a
typical american fraud!

Stop and search UK: A Briton is interrogated by police every 20 seconds.

90% aren’t even arrested Somebody is stopped and searched by the
police every 20 seconds in ‘Big Brother’ Britain, it was revealed last
night.
YouTube now gone Orwellian: Now requires SMS from every new
Registrant Brian D. Hill | YouTube has become a phone number
collector which means they can give police, FBI, and CIA peoples
private phone numbers if you use Google. Mexican ‘Assassin
Teams’ May Target U.S. Law Enforcement, DHS Warns FOX News |
Law enforcement officers in west Texas are on guard after Homeland
Security warned of retaliatory killings for a recent crackdown on the
Barrio Azteca gang.

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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm

Iran complains to UN over Obama ‘nuclear blackmail’ AFP | Tehran

questions the “intent” of Washington’s new nuclear policy and says it
contains threats of nuclear attack against Iran. Medvedev: Israeli
strike on Iran could spark global catastrophe Reuters | An Israeli
strike of Iran’s nuclear facilities could spark a nuclear conflict, which
could spiral into a global catastrophe, Russian President Dmitry
Medvedev told ABC.
Israeli atrocities in West Bank continue RAMALLAH: Israeli occupiers on
early Friday torched two Palestinian cars in the West Bank village of
Jen Safout, east of Qalqilyah, in an apparent attempt to avenge a
construction freeze in Jewish settlements.

DRUDGEREPORT: DAY THE EARTH STOOD STILL

Volcanic Eruptions To Disrupt European Air Traffic for Months... Chaos...
Could contaminate drinking water...
GE: $0 U.S. Tax bill...
California jobless rate hits modern record at 12.6%...
China's economy marches on as growth rate soars by nearly 12%...
GALLUP: OBAMA HITS NEW LOW...
BOW TO CHINESE COMMUNIST
PERSONAL INCOME DROPS 3.2% SINCE OBAMA...
New jobless claims 'unexpectedly' soar...
Rise for second straight week...
Soros warns on market crash...
Foreclosure rates surge, biggest jump in 5 years...
Homeless 'Tent City' Settlers In Get Reprieve...
Hating the government 'finally goes mainstream'...
Russia Wisely for the Sake of the Children Freezes All U.S. Adoptions...
Defaults Rise in Loan Modification Program...
PAPER: DEM MASSA 'Expressed desire to have sex with [his male staffers]
in the office,' claim aides...
SHOCK: Healthcare overhaul won't stop premium increases...
EGYPT: PRESS NOT IRAN IF NOT BOTH IRAN, ISRAEL ON NUKES....
Obama admin: Support of Israel to be 'balanced against other interests'...

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