We could be right back at $4.00 per gallon of gas, in the US. And/or India goes to war with Pakistan, after one too many, state sponsored terrorist attacks by Pakistan (both nations have nuclear weapons).
Washington, DC (PRWEB) December 24, 2008
Americas Watchdog & its Wall Street Fraud Watchdog are continuing to work for cheated & bilked Wall Street investors & bank advisor victims. At the top of their list is helping victims of the auction rate securities debacle. The group is also focused on assisting investors who may have been duped with Schwab Yield Plus, TD Ameritrade's Reserve Yield Plus. Any investor who feels like they have been taken in any of these schemes are welcome to call the Wall Street Fraud Watchdog anytime, at 866-714-6466 or visit their web site at http://WallStreetFraudWatchdog.com
New to the list of failed or frozen investments is Bernard Madoff, whose alleged $50 billion Ponzi scheme has cost thousands of Americans, and international investors their life savings. The Madoff situation gets much more complicated as far as recoveries, because no one seems to know where the money went, and or if there are assets; where they might be? "There is a possibility that SIPC coverage up to $500,000 may exist for individual US investors. However, attorneys we have spoken with, are at this point unsure if SIPC will cover the Madoff situation." If a Madoff victim has questions, they can call the Wall Street Fraud Watchdog at 866-714-6466 or visit their web site at http://wallStreetFraudWatchdog.com.
Auction Rate Securities Update:
- The State of Washington has started an investigation of Wells Fargo Bank's involvement in the sales of auction rate securities to thousands of their clients
- The State of Massachusetts has begun an investigation of Oppenheimer's involvement in the sale of auction rate securities.
While there are numerous class action lawsuits filed against E-Trade & Raymond James in connection to the sales of auction securities, the Wall Street Fraud Watchdog is not aware of any state regulatory agency filings on these firms.
- Important investor note on frozen auction rate securities. If an individual investor is really trying to get their money back, a class action may not be the way to go. According to the group, "individual arbitration may get an investor back more money than a class action. We are also advising all current auction rate securities victims to call the Restricted Trading Network, to find out what the current value of their auction rate securities might be. We also will provide auction rate securities victims with the names of the best securities arbitration law firms in the nation."
The group is giving the same advice for TD Ameritrade's Reserve Yield plus, or Shwab Yield Plus investors. "If you have lost money on you investment call us at 866-714-6466 or visit our web site at Http://WallStreetFraudWatchdog.Com and let us know who you are."
Warnings about 2009:
- US Real Estate: The Wall Street Fraud Watchdog is warning all US & international investors that the 2009 US residential & commercial real estate markets will be grim. The group expects the average US home value to decline by at least 10% in 2009 with California declining by at least another 15%. According to the Wall Street Fraud Watchdog, "US banks & investment bankers have lied to everyone about the numbers of non-performing residential loans, and with a 10% unemployment rate, millions of US homeowners will simply have to walk away, or will be forced out. Thus far everything the US Congress has done has been a joke, up to and including the Hope insult. Congress can not stop what is already in motion. The market will adjust back to 2001 or 2002 price levels, and we restart from there."
- Because of declining residential and commercial real estate tax revenues, declining state or local sales taxes, and declining state income taxes, The Wall Street Fraud Watchdog is predicting US municipal bond failures to reach all time records in 2009. "If you have investments tied up in tax free municipal bonds, you might consider now a really good time to go to cash, unless your stock broker, or bank investment advisor will put in writing, the municipal bond is 100% safe."
- "We are concerned about a collapse of US Hedge Funds in 2009".
- "In 2009 if a stock broker, or bank investment advisor has a cash equivalent product, that they say is safe, no risk, liquid, etc, have them put it in writing, before you buy the investment."
- Finally the Wall Street Fraud Watchdog is warning all US investors about US stock brokers and or bank investment advisors churning customer accounts, so that they can make commissions. According to the group, "investors should check their statements for unauthorized trades, and the adult children of senior citizens should check their parents, or loved one's statements for unauthorized or unsuitable stock market investments, and or trades."
Possible 2009 world economic game changers: Iran gets an A-Bomb, with the result being other middle east nations, or factions, wanting to do the same thing. "We could be right back at $4.00 per gallon of gas, in the US. And/or India goes to war with Pakistan, after one too many, state sponsored terrorist attacks by Pakistan (both nations have nuclear weapons)."
The Wall Street Fraud Watchdog is all about Wall Street integrity, and consumer protection. Investors who feel like they have been cheated or gouged by their stock broker or bank investment advisor can call the Wall Street Fraud Watchdog anytime, at 866-714-6466 or visit their web site at Http://WallStreetFraudWatchdog.Com. According tom the group, "the problem with Wall Street is, they look six minutes out. We try to look 12, to 24 months out. If Wall Street did this, we would not be in this current disaster."