Bear Wisdom

The Obama administration will publicly release the results of the so called “stress tests” of the 19 largest financial institutions on May 4th.
Geithner says that most banks are well capitalized (yeah right), but if the recession worsens, then administration officials worry that some of the banks will not have enough money to handle the losses [...]

It appears that insiders and executives are taking advantage of the steepest stock market gain since 1938.  The S&P roared 26% since March 9th, and directors, CEOs, and senior Officers of major companies sold $353 million in equities this month, that’s 8.3 times more than what they bought.
“They should know more than outsiders would, [...]

Hank Paulson threatened Lewis’s job over the Merrill acquisition:
According to the investigation being conducted by Andrew Cuomo, Ken Lewis (CEO of Bank of America) stated that former Treasury Secretary, Hank Paulson told him that he and his board of directors would be ousted if Bank of America backed out of the Merrill Lynch merger.  After [...]

Firearms sales are surging since Obama’s election last year, as many fear gun law changes.   Sales are up 39% this year. Some gun stores are seeing over a 100% increase in sales compared to this time last year.   Gun store owners however, do not believe that the new administration is the only factor in rising [...]

Scottish historian, Alexander Tyler charted the progression of the world’s greatest civilizations from their birth, to the peak of their might, then their eventual fall. The progression of civilizations was described in eight critical steps… Where are we today?
1.       From bondage to eminent spiritual faith
2.       From spiritual faith to great courage
3.       From courage to liberty
4.       [...]

Where is the change? Where is the transparency that was promised to the American people when they voted Obama in last year?
On 4/10/09, the US Federal Reserve told the banks to keep quiet on the results of the “bank stress test.” Why did they not want the results made public? What did they have to [...]

Hundreds of thousands of protestors showed up yesterday for Tea Parties all across hundreds of cities in the US.  People showed up regardless of political party affiliation to protest tax hikes (especially in California,) excess government spending, and of course the numerous corporate bailouts for corporations who committed fraud, costing the US tax payers trillions [...]

US Treasury Secretary, Timothy Geithner now believes that China is NOT manipulating their currency…
On January 22nd, Geithner stated that President Barack Obama “believes that China is manipulating its currency.”
Today’s flip flop may anger US companies, trade unions, and US lawmakers, who have wanted to punish countries that have undervalued exchange rates.
“Clearly the Treasury has made [...]

Intel, the world’s largest chip makers profit was down 55% for the first quarter of 09, due to the slowing computer demand.  Profits slid for a second straight quarter, as the chipmaker is experiencing the worst slowdown since 2001.
March Retail Sales down 1.1%
“It’s disappointing,” said Hugh Johnson, chairman of Johnson Illington Advisors in Albany, N.Y. [...]

So will the record profits from Wells Fargo continue throughout the year, or will they continue to be an endless money pit for Americans?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNsEBgrV8HA0&refer=home
“Wells Fargo & Co., the second- biggest U.S. home lender, may need $50 billion to pay back the federal government and cover loan losses as the economic slump deepens, according to [...]