iaoNEWS.com » Financial

More Debt Than People

editor — Sun, 29 Nov 2009 03:08:35 +0000

(BBanks) If the economy is so bad, and governments are propping up economies with greater debt loads, where is all the money going?

Who exactly is benefiting from all this largese? Are we just mortgaging our future so that a few wealthy people/companies/families/gangs, (etc) hold us ransom for money that will never, can never, be paid?

Are we living so ‘high on the hog’ that we can’t afford to contribute meaningfully to our own future well-being?

Studies have shown that the underground ecomonies of drugs, sexual trafficking and bootleg ‘everything’ has grown so much that the money possessed by these crime rings can never be brought to the surface of taxation and social responsibilities.

We are becoming not only indebted to our future but also to criminal activities!

The legalization of everything is coming so that governments, that have robbed from the middle-class and poor for so long, cannot continue to overlook the wealth of drugs and sex, and the possible tax revenues, much longer.

Our future outlook is much worse than anyone can imagine!

Jack Walsh, former GE CEO, comes forth to mark one more in the win column

editor — Wed, 05 Aug 2009 05:51:00 +0000

GE shines again

(BIGspitNEWS) GE’s former leading money maker, CEO and book writer evades being tarred with remainder of existing current and former top employees for SEC revealed “trick handling” of profit reporting from 2001 – 2007, because of various “financial accounting tricks” that helped GE beat analyists quarterly targets during years that would have otherwise not been so rosy.

“With the $50,000,000.00 fine we expect no further recurrances of these ‘accounting tricks’ “ an unnamed inside source was quoted as saying.

Starbucks Double Tall Bill on Memorial Day Weekend

editor — Wed, 10 Jun 2009 01:38:37 +0000

(WNnews) Maybe as many as one million customers in the US and Canada were double-billed for credit and debit purchases over the American long weekend.

Starbucks has been working to credit all customers and reportedly apologizes for the error not coming to light later earlier.

Well, it was a winning submission in the company’s “How to increase sales” contest for employees. No reports as to what the prize winner received although we think it might be as much as 5 years in prison.

Banks want more ca$h

editor — Wed, 06 May 2009 06:13:19 +0000

Mr. Bernacker

(OPH) With the Obama administration saying “No” to more cash bailouts for the banks, solvency is falling and the state banks now want to have inter-state banking laws adjusted for more “equality” with other world bank systems.
This would allow a few larger banks to buy up hundreds, if not thousands, of small state banks to be “gobbled up” and merged with larger banks.
“This could be a good thing” says Bernacker, the chief of some large administration overlord outfit, “but we will have to see who pays what to whom… before this is all sorted out” he was quoted as saying.
iaoNEWS.com financial banking specialists report that mergers are the only way for the US banking system to get a firm grip on the current recession now that no furhter bailout money will be
made available.