G&G Associates Tax & Financial Consulting
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Why Congress will not bail out YOUR bank!
Imhotep (Wisdom To You) G&G Readers,
Not long ago, Citigroup, Bank of America, AIG and dozens of the world's largest financial institutions were on the brink of failure.
Washington rushed to the rescue with trillions of dollars in loans and guarantees. London, Berlin and Brussels did the same.
The crisis subsided. The market rallied. And Wall Street eventually breathed a great sigh of relief.
But now, as 2010 has come to a close ...
A New, Broader Kind of Crisis Is Looming
Now …
• We not only have a debt crisis among corporations, but we also have a debt crisis for entire national governments — Dublin, Lisbon, Madrid, and even Washington.
• The threat of big losses is not merely to those holding individual stocks or bonds, but to anyone who has assets denominated in the U.S. dollar.
• The political will to bail out banks is not only gone, the new Congress is actually inclined to reverse prior bailouts.
In sum, the old theory that giants like Citigroup, Bank of America or AIG are "too big to fail" is dead! They are actually too big to SAVE!
Beyond the standard, oft-flawed safety nets — such as the FDIC for the banks and the state "guarantee" associations for insurers — every institution you trust with your money is largely on its own.
Fortunately, some have the wherewithal to withstand the toughest of times.
But many do not.
So the big question now is ...
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With the falling dollar and the imminent explosion in the U.S. Treasury and Municipal bond market, you need to stay on top of your game and manage your "OWN Finances."
Become a GGIS subscriber now and you'll be sure that we make sure you stay on top of your Tax and Financial Future to make sure your BUSINESS … AT HOME is protected. Remember…most people look after their bosses business, but fail to look after their own business at home.
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How can YOU know the difference?
How can you know if your bank or insurance company has what it takes to survive the worst of shocks?
How can you know if it's likely to fail even in normal times?
You need to have someone on your side who's trying to help you cut through the shigidy of lies, deceit and deception in order to:
• Help you make sure that you never have to lose another minute's sleep worrying about your bank CDs, money market accounts and checking accounts ...
• Show you how to safeguard your life insurance, annuities and health insurance, plus ...
• Evaluate the safety and potential of your stocks, ETFs and mutual funds.
So, sign up for GGIS ASAP, and …
If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.
Until the next time,
Ankh Uja Snb (Life, Health, Strength),
Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net
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LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.
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