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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Fast Money Recap: 4/3/08: Housing Hyprocrisy
1931
Amin Al Husseini is founder and President of the World Islamic Congress. After WWII, it will actively shape the agenda of the Muslim world.
1920 - Jerusalem, Palestine. Amin Al Husseini inciting the riots that pitted Palestinian Arab against Palestinian Jew.
Muslim Soldiers reading German Propaganda.
The name of the book is Islam Und Judentum
(Islam and Judaism in German)
"""&quo... Al - Husseini Group is honored to introduce its varied investment achievements and activities that lasted for more than 17 years in several fields. These activities are characterized by the rapid development during these years. All that was a result of the combined efforts of specialized and qualified staff. """&quo...
Berlin-1942
Amin Al Husseini spends WWII by Hitler's side.
Amin Al Husseini inspecting Nazi Muslim troops - 1943
NEED WE SAY MORE ABOUT THE BEGINING OF A HILLARY SUPPORT ???????
OHHHH how they wish - There delusions would really cover - up there past - But one must say - They really are IDIOTS - For who among you will hide the truth from GOD - on the day of your judgement ????
www.tellthechildrenthe.../
Fast Money Recap: 4/3/08: Housing Hyprocrisy
Calls Jesus Love thy Neighbor - What an absurd notion
No wonder why she was a GoldWater Girl – And Wanted to Kill – The Civil Rights Bill…………
How much delusion does one need – To show-up and give a speech – Like she was for King and Civil Rights All Along ?????