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alstry (< 20)

Do You Really Think The Statements From Your Financial Institution Are Real?



November 21, 2011 – Comments (2)

When you are not marking assets to market, you are essentially lying.  If Madoff could lie for 30 years and over $50 Billion....what gives you confidence your financial institution is telling the truth?  The SEC?  Your CONgresspeople?  Bernanke?

Ex-Madoff trader admits faking records since '70s

Welcome to Alstry Nomics....Welcome To The Truth.......Welcome To The Udder World.......

It is not the end of the world.....just the end of a world as you knew it as we head towards Zombulation Day.

MF funds shortfall could top $1.2 bln: trustee

And don't say Alstry didn't prepare you over and over and over and over are my Fools and as the Fool for Fool, it is my job to tell the truth.

Your buddy,

Alstry, the algorithm of truth

Don't Fear....Prepare (which most of you regulars should be by now)

2 Comments – Post Your Own

#1) On November 21, 2011 at 6:51 PM, materialsman92 (40.95) wrote:

your title makes an interesting point

How does one know for sure if a company's financials are at least 90% accurate and are not some lie?

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#2) On November 22, 2011 at 12:18 AM, oshiri (< 20) wrote:

"When you are not marking assets to market, you are essentially lying."

     Sempai, say it ain't so, you mean the Government is lying to us about Social Security :^D

     So what will happen to the 52% of Americans that are receiving Government slush funds?

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