Sunday, March 18, 2012

US prepares for chaos - Obama's Emergency Executive Order on Resources 16/3/12 & JPM

The order signed on Friday by President Obama may be read here from this link to the White House.

Signs of growing economic stress were also available last night with this whistle blower's letter regarding JP Morgan, linked here. A quote:

It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out.

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