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Alex S. Gabor's  Instablog

Alex S. Gabor
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Alex S. Gabor is freelance investigative journalist, bank stock analyst, and financial consultant. He does not personally get paid from anyone for anything published here at Seeking Alpha.
My company:
Church of Infinitology
My blog:
You, Me and the SEC
My book:
Confessions of a Sex Crazed Money Man
View Alex S. Gabor's Instablogs on:
  • Bank Failures Soon To Rise In Washington State?
    According to HousingWire.com, "Community banks account for a majority of bank failures since the 2008 financial crisis. Of the 392 bank failures between January 2008 and September 2011, 326 were community banks, according to the Federal Deposit Insurance Corp."

    If just one of the big five "too big to fail" banking organizations crumble due to a bank run, the FDIC would be wiped out. This is a growing concern of many people at the top of the banking food chain.

    According to IBARC, the International Bank Activities Reform Commission headed up by the world's first trillionaire extraordinaire, Gabor S. Acs, "there are still more than 1,000 banks in America in trouble as a result of the crimes of more than 100,000 people in the trade who have committed fraud against the United States Citizenry and her trading partners."

    About 40 of those banks are in Washington state according to Infinite Freedom Foundation President Will P. Wilson. "We think a merger between Bank of America, Fannie Mae, and Freddie Mac in conjunction with the launch of the national zero interest mortgage secondary market platform would be most appropriate in solving the financial messes that these banks have created for the global financial markets.

    One bank, Washington Mutual, "accounted for more than half of the troubled asset sales of all the failed banks in the past five years", says Wilson.

    The Infinite Freedom Foundation of King County has been pegging the value of a Lincoln Penny in Seattle at ten dollars by buying them for that price from people interested in learning what their economic programs and policy plans are all about.

    As a result of the reverse psychological value impact on social networking groups, the Washington Chapter of the Bank Activities Reform Commission is expecting at least a dozen more bank failures in Washington State as soon as the zero interest mortgage platform is launched.

    www.housingwire.com/article/bernanke-cor...-bankers

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in BAC, WFC, C, JPM over the next 72 hours.

    Tags: BAC, FNMA.OB, FMCC.OB
    Mar 16 12:17 PM | Link | Comment!
  • Citigroup And The Securities And Exchange Commission
     

     

     

     

     

     

    With the Citi, SEC civil trial delayed the International Bank Activities Reform Commission Continues Investigating Corrupt Lawyers at United States Securities & Exchange Commission.

    The proposed $285 million settlement between Citigroup and the Securities and Exchange Commission is still possible after an appellate court raised concerns about a previous ruling rejecting the deal, according to a Housing Wire Morning Alert.

    The settlement revolves around a CDO Citi financiers created in 2007 and allegedly sold to investors despite internally calling it "dogsh!t" and "possibly the best short EVER!"

    Judge Jed Rakoff threw out the settlement, mostly because he thought the public deserved a more concrete resolution and Citi deserved a stiffer penalty.

    As a result a civil trial was scheduled for this July, according to the Wall Street Journal.

    But the appellate court raised concerns, saying Rakoff overstepped his boundaries because Rakoff chose to "dictate policy to executive administrative agencies."

    Financial Policies are dictated by lawyers who are hired by bankers to maintain their monopoly powers over the control, regulation and issuance of money, mostly the United States Dollar cult.

    Meanwhile a Raise for Wells Fargo Corporation CEO means a widening gap between the lowest and highest paid employees of corporate America.

    Wells Fargo disclosed Thursday that its CEO John Stumpf received a 5% raise in 2011 to $17.9 million. Stumpf is a German Hungarian name.

    Not all banks have publicly reported executive compensation, according to Forbes it looks like Stumpf will still fall short of JPMorgan Chase CEO Jaime Dimon, who earned $23 million in 2010.

    WFC has the smallest investment bank of the nation's largest firms but still grew earnings by 30% last year.

    www.housingwire.com/article/sec-implemen...

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in BAC, C, WFC over the next 72 hours.

    Additional disclosure: Alex S. Gabor & Associates is the exclusive financial advisor to the Infinite Freedom Foundations of America which may initiate offshore short positions in mortage, real estate, home builder and bank holding company stocks as it rolls out its international zero interest mortgage secondary market programs.

    Tags: BAC, WFC, C, BANR, Financial Industry Stocks, Bank Executive Pay, SEC, Justice Department, Treasury, Fed
    Mar 16 11:57 AM | Link | Comment!
  • Goldman Sachs Mounting Troubles May Force Shotgun Merger
    The banks are bloated.

    GS legal problems are mounting.

    www.housingwire.com/2011/01/06/aca-finan...-fraud

    If only more GS Execs would throw in the towel and fess up.

    www.housingwire.com/blog/goldman-sachs-e...-requirement

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: GS, Banking Fraud
    Mar 15 7:28 PM | Link | Comment!
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  • HEMP recently released its financials while MJNA.PK catching the attention of Soros: perhaps Soros Fund Management: http://bit.ly/zr8NVO
    Mar 15, 2012
  • Changes are Afoot in Washington State! MJNA.PK and HEMP.PK perhaps coming into play.
    Mar 11, 2012
  • FNM and FRE are penny stocks for a good reason!
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