4/14/09
One more Lier banks post fake earning report. Last week, we have wondering surprise from Wells Fargo Bank said they are making $3 Billion profit in its first fiscal quarter. How the hell they are able to have record earning in current economic condition when compare with good times few years ago??! No body knows but they just did it. Again, Goldman Sachs are posting profit with $1.8 Billion and they have come up with a way to hide massive losses so wise, they change their fiscal accouting quarter counting this year omitting last year December calender month. GS just report their first quarter earning from Jan to March this year as their first quarter earning. Last December: The Orphan Month. What a clever boys job they did!! Oh, Darm!! Our SEC, government, and Obama administration ...all let our Banks telling us their fake earning profit report for this first quarter. Personally, I do not believe any earning coming from all financial frims for this quarter and next. They are all untrue. They can all report they make money. I would guess Citigroup will report profit too this coming friday instead estimate that they lose money. Fcuking our government, they keep saying it needs to tighten our financial pratice. On the other hand, changing accouting standard not to report "mark to market" rule and let each bank make up their book of business for this fiscal year. I am very very disappoint to our current administration. We are doomed.
By the way, if any folks have time tomorrow, please check out google to find out where you can all participate the "Tea Party" on Tax deadline date parade againist our current government. I may go to Chicago downtown(232 S Dearborn) tomorrow by noon. See you all there!!
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