Submitted by ALEX S. GABOR, Dec 1, 2007 02:27

Citigroup needs more than a $50 billion bailout from a sovereign nation to stay afloat, so they are probably going to announce a shotgun wedding with WAMU and/or Countrywide or even both, pretty quickly as they consolidate assets with their new found liquidity, while insiders reap the profits from the announced deal.

They will spin it like it will make it seem that the collapsed mortgage industry crisis is now over, but you are just now seeing the beginnings of the consolidation/collapse/merger mania manipulation in the bankings sector as regulators and officials are trying to plug the hole in the balloon, but they are going so slow about it and cannot reallize or come to grips with the fact that the hole got so big that everything that was keeping the Ponzi scheme afloat has disappeared into thin air - there is no more U.S. Dollar denominated anything in foreign markets - unless those buyers of "dollars" are total fools.

The Arabs are just trying to recover some value for their worthless dollars. Over night, if you check out the real news, the value of the dollar has now plummetted to nothingness on all foreign markets:

http://www.associatedcontent.com/user/29691/alex_s_gabor.html

While the value of a penny, at least in Los Angeles County, has skyrocketed by 9,900% during the past six months according to "The Penny King".

http://www.associatedcontent.com/article/462302/the_united_states_dollar_is_worthless.html

Meanwhile, the Ponzi scheme continues, with "bailout funds" being formed by the bankers at every turn in order to keep the public from the real financial panic on the horizon.

http://biz.yahoo.com/rb/071130/lennar_morganstanley.html?.v=1

By putting the above deal together, Lennar and Morgan Stanley have pegged the wholesale price of a building lot in America at under $50,000. That means any lots selling or on the market for more than that are about to take another whack off of their inflated "equities"

They are trying to keep everyone calm but the word keeps leaking out, "America is Bankrupt" and cannot borrow money. That is why Citigroup has to pay 11% and get into these death spiral financing deals. The foreign markets are experts at taking big cap stocks, decimating them with short sales and death spiral financing deals like the one Citi just enterered into, and winding trading on the Pink Sheets as less than a thousandth of a penny a share.

In fact, when you take out all the accounting tricks, and the correspending compensating bank balances at central banks around the world and pull out their gold reserves (what? citi has no gold backing its air issued electronic credits debits? Oh My, call in the lions the tiger and the bears My oh my, its another home run for "The Penny King" warned investors back in April

http://www.associatedcontent.com/article/206736/washington_mutual_one_of_the_nations.html

that WAMU, Countrywide, Fannie and Freddie, were going to take down down the entire global financial ponzi scheme because of thier fraudelent and misleading statements made in publicly filed prospectuses.

This is now slowly coming out of offstream and mainstream branches of some media but it will be the story of 2008, forshadowing all politics, though you can see from the article here at the Sun that politiians haven't a clue of how to solver this, the worst nightmarre in American home debtorship history.

It's all over but the shouting according to the Penny King at this article:

http://www.associatedcontent.com/article/463499/the_penny_king_declares_ron_paul_the.html

You can bet that if Ron Paul is elected, there will be no more banking system in this country and the price of gas will return to a penny a gallon, according to "The Penny King".

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