What's In Your Savings/Pension?

If you want to see graphically what the lies look like, Mish Shedlock has some inside information. Look at just one of WAMU's AAA investment pools. Clear proof the rating agencies, the banks, and the FED are lying, but it is not too late to save your savings. This is what pensions are loaded up with.

But no one that has not already saved their savings will do so. One fellow I know is down some $50,000 in WAMU stock, and could make about half of it back if he were to cash out and short it. It's about $11 now (down from $45) but once it drops below $5 it can no longer be shorted.

He won't of course, he hopes it will rise again. I hope he is right. But my guess is WAMU will not see out 2009, meaning if he leverages double in shorting, he would pay back the stock in pennies a share, if anything.

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