"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey
To access the "Weekly Briefing", go to the "Newsletter" link at the top of the page and sign in by establishing your own username and password.
Several new features have been added including a list of our Top Growth Stocks, a list of Under Appreciated Value Stocks, and enhancements to our ETF and Fidelity Sector Fund portfolios.
The rules are different for us- "The Serf's", and the real rulers of our country -"The King's". Let's see you try this;
Morgan Stanley:
Bloomberg;
Morgan Stanley plans to relinquish five San Francisco office buildings to its lender two years after purchasing them from Blackstone Group LP near the top of the market.
The bank has been negotiating an “orderly transfer” of the towers since earlier this year, Alyson Barnes, a Morgan Stanley spokeswoman, said yesterday in a telephone interview. AREA Property Partners will take over the buildings. Barnes declined to say when the transfer will occur.
“This isn’t a default or foreclosure situation,” Barnes said. “We are going to give them the properties to get out of the loan obligation.”
CitiGroup:
Washington Post;
The Internal Revenue Service, an arm of Treasury, ruled last Friday that Citigroup could keep $38 billion in tax breaks that otherwise would decline in value as the government sells its stake in the company. Federal law lets companies shelter profits from taxes in good years based on the amount of losses in previous bad years. But the law restricts the use of past losses if a company changes hands, to discourage profitable companies from buying unprofitable firms to avoid paying taxes.
Treasury's plan to sell its $25 billion stake in Citigroup would have qualified as a change of ownership under the law. The sale was postponed Wednesday after Citigroup's stock plunged in value, but Treasury officials said they still planned to sell the government's shares over the next year.
Treasury officials said the government needed to grant the tax break in order to sell its shares in Citigroup because the company could not afford the loss. Officials also said that preserving the tax break would help the government sell its shares at a higher price. And they said the law was never intended to apply to deals involving the government.
Dennis Kucinich (D-Ohio) is very angry, but is also considered a "lightweight" to the power elite.
We need to understand that America is dominated by a tight group of families and financial organizations with a globalist agenda. They could care less about the concerns and needs of everyday Americans.
This is why they have the ability to pick and choose politicians who say one thing on the campaign trail, and do another when they get into office. It's not about you, it's about them!
