Banks Must Brace For New Losses

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Odyseus_97

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One must give a tip of the hat to the Wall Street conmen for engineering a reasonably robust stock rally. The Dow and S&P were led by financials. The Financial Times out of London claims 'no real money' was behind the stock rally of over 20%. They must mean huge short covering, enhanced by pressure tactics from Wall Street brokerages themselves.

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I enjoy writing about political/ economic events, and I am especially concerned about the US as a warlike nation. I would like to see this nation turn itself around from a conquering nation in both commerce and war to a nation of peace. I hope that (more...)