ZeroHedges Tin Foil Hat Club: April 2009

Sunday, April 26, 2009

Mark to Fantasy was implemented at Citi, years ago. Citibank CDO Valuation Methods.

Collateralized debt obligations (CDOs).

On February 15, 2006, Jeffrey Prince at Citi said: "Valuing a CDO is much like valuing a house". Does that mean you get a crooked appraiser and start building a pyramid by ramping up inter-bank sales of CDO's. I leave you with an interesting read for a Sunday and maybe modivation to send our little wiz-kid Jeffrey an email.....

Citi was playing "Flip that house" with their entire CDO portfolio!

(Hat tip to MarketMaker for the insiders document)

Citibank General Review of CDO Valuation Methods

Publish at Scribd or explore others: School Work Magazines & Newspape Non-fiction review magazines

Like OMG Commercial Real Estate is like going to totally collapse

"EVERY PIECE OF REAL ESTATE IN THE WORLD IS MORTGAGED 110% (using Carleton Sheets "No money down" program) THERE IS NO OUTRIGHT OWNERSHIP, WE ARE ALL GOING TO DIE, THE SKY IS FALLING".

"The unprecedented economic deterioration and the resulting epic drop in commercial real estate values quite possibly could result in over $300 trillion US Dollars in upcoming headaches for financial institutions, investors and the administration." Someone is having another Panic attack.

Bloomberg: Clinton Says Taliban and al-Qaeda could topple the Pakistan government giving them “the keys to the nuclear arsenal.”

As the Global Economic Depression tightens it's grip on the outposts of this world the shift in power begins.

Clinton, in an interview with Fox News last night in Baghdad, said the U.S. cannot “let this go on any further, which is why we’re pushing so hard for the Pakistanis to come together around a strategy to take their country back.”

Bloomberg: Full Story click here

Even China is worried about this story.
Story from www.chinaview.cn

Saturday, April 25, 2009

Baxter Sent Bird Flu Virus to Lab by Error

US Company, Baxter distributes Flu Vaccine Contaminated with Deadly H5N1 Avian Flu Virus

Does the government have some plan to make us live in fear. Fear of leaving our homes during the pending collapse of our economy because we might be exposed to the deadly airborn virus that they released into the general population? Is this their version of riot control?

Bloomberg: Baxter Sent Bird Flu Virus to European Labs by Error (Click here)

Baxter International is deeply involved in U.S. politics. See Wildepedia 'Baxter International', and its links to Rockefeller, Nixon, Rumsfeld, China. Note there is no public statement on who founded the company in 1931.

It is impossible to 'accidentally' combine bird, pig and human viruses; then 'accidentally' send that virus to 18 countries, as Baxter did. Baxter owns the only U.S. approved vaccine for 'bird flu', something that has never been combined with human flu...until Baxter 'accidentally' unleashed it.

(Hat Tip LondonCallingPals)

The scenario is straight out of a Robert Ludlum novel. Since 2001 nearly four dozen microbiologists from around the globe have died, some in very questionable and mysterious circumstances.