Alstry Rocketing Up CAPS RATINGS
September 25, 2009
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Alstry's rating is blowing through many of the scores of the Alstrybaters as Alstry reignites his charge to a rating of 100. Even after losing more points than 99.9% of CAPS players have accumulated, Alstry is back in the top 1% of all players...WHILE KEEPING OVER 150 POSITIONS OPEN.
Now that MOAP has occured with the FDIC, FHA, and Pension Guaranty all running out of money in 9.09, protests breaking out across the nations, people being quarantined with swine flu, protests and riots breaking out across America, bankruptcies reaching record rates, and tax receipts crashing to critical levels....it seems like there little to stop Alstry from reaching a rating of 100....unless of course we restructure.
Now the question is whether our economy will stay in tact until then or will there be some unexpected event. It is clear that our banking system is in dire straits as many banks are simply marking their assets to myth and overstating values on the books. Evidence of this is how high the FDIC estimates losses just a few months after banks report assets values each time they shut a bank down. AND THIS IS NOT LIMITED TO ANY GEOGRAPHICAL REGION.
The FDIC and First Citizens Bank entered into a loss-share transaction on approximately $2 billion of Georgian Bank's assets. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $892 million. ... Georgian Bank is the 95th FDIC-insured institution to fail in the nation this year, and the nineteenth in Georgia. The last FDIC-insured institution closed in the state was First Coweta, Newnan, on August 21, 2009.
Almost $900 million on $2 Billion of assets? WOW!!!!! Now the question is how many other banks are in similar positions as the FDIC has limited auditing resources. Welcome to 9.09....where assets don't appear to be worth anything close to what banks are representing.
G20: Bank pay must not promote taking high risks.........
US banks made $5.2B trading derivatives in 2Q
9.09......When all were prepared to leave the matrix.
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