Submitted by Reggie Middleton on 12/02/2011 08:43 -0500
Some rather hard hitting reporting and analysis on the Vampire Squid...
Start at 2:20 into the video.
I have much more on this...
Yes, The BoomBustBlog Forecast Pan-European Bank Run Has Breached American Soil!!!
The Ironic, Prophetic Nature of the MF Global Bankruptcy Filing and It's Potential Ramifications
The Anatomy Of A European Bank Run: Look At The Banking Situation BEFORE The Run Occurs!
MF Global ran into a liquidity squeeze while betting on the European debt that I have warned my subscribers for two years to avoid like the plague. Goldman is doing the same thing, no?
As excerpted from the model that powers BoomBustBlog subscriber document Goldmans Sachs Derivative Exposure: The Squid in the Coal Mine?
goldman_balance_sheet_risk
As
you can see, Goldman traded its derivative book risk for sovereign risk
- just in the nick of time to catch the tail end of a derivative
crisis & the start of a sovereign debt crisis. Excellent job
fellas! Goldman has literally doubled its sovereign assets, starting the
exact year that I started warning in the Pan-European Sovereign Debt Crisis series. BoomBustBlog subscribers covered this scenario over a year ago.
Go to the 26:40 marker in the video...
http://www.zerohedge.com/contributed/goldman-sachs-outed-international-tv?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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