Herpes 1 And Hand Shake

Banks begin to lie about the quarter 4.o

Banks begin to lie about the quarter 4.o
this week

Lyndon LaRouche, Jr. - Committee LaRouche political action
(LPAC)
January 12, 2009

http://www.larouchepac.com/news/2009/01/12/banks-will-begin-lying-about-4th -quarter-week.html

In the current week advanced banks
begin to publish the results for the fourth quarter of 2008, and those
for that entire year, and the way which will be presented
relations will prove ' worthy of interest. Be it in terms of accounting
'usually distorted adopted by the banks, the financial system and
'collapsed during the fourth quarter
2008, SO' with good reason, banks should publish
huge losses.

At the same time all the major banks have been huge
grants from the Treasury program called TARP, which
they should use to cover some of the losses, which
know all recorded in their books. So 'what
banks would be required to do would be to use the TARP funds
as an opportunity 'to cover publicly
significant amounts of their toxic assets, then we could see that
major banks reported losses in the tens of
billion U.S. dollars each.

This' does not mean that the banks actually publish these losses,
but everyone should understand that if they did not,
mean that they are too dysfunctional, to allow even that
relatively small step. In conclusion, se le
grandi perdite fanno paura, la mancata loro pubblicizzazione risulta
ancora piu' spaventosa, e perdite ancora maggiori sarebbero da
sospettare non dichiarate. Se poi le banche dicessero addirittura la
intera verita', non rimarrebbe loro che chiudere i battenti.


Traduzione di Francesco Caselli

12 gennaio 2009