With the meltdown on Wall Street, it’s important for even ordinary citizens to understand the terminology bankers and brokers use.
 

CEO
Chief Embezzlement Officer
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CFO
Corporate Fraud Officer
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BULL MARKET
A random market movement causing an investor to mistake himself for a financial genius.
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BEAR MARKET
A 6-18 month period when the kids get no allowance, the wife gets no [...]

We at WhyBanksFail are asking for your support in our decision to run for president of the United States of America.
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The following items will be on our agenda for the next 8 years.
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Spend all our money on wars, defense, and bailing out Wall Street. Allow Oil and Health Insurance companies to achieve record profits, [...]

Not since the great depression has the federal government had to take such as step as to announce a new lending program which will work by directly lending capital to business.
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The program will address the commercial paper problem. This will help with short-term funding crucial to many businesses operations.
 

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Breakdown:

Treasury believes this will prevent disruptions [...]

The United States Senate announced plans to hold a vote on Wednesday for the $700 billion financial bailout package. Their plan will include tax breaks, alternative energy and higher limits on insured banking deposits in an effort to sweeten the deal for House representatives, in hope of hash out a new vote this week.
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Breakdown:
Possible [...]

WaMu becomes the 13th bank to fail in 2008, and the largest bank failure on record based on assets. The closets was Continental Illinois who’s 40 billion dollar failure occurred in May 1984
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However one man’s failure (garbage) is another man’s success (gold). This is the second major acquisition for JPMorgan Chase this year. After the [...]