Sent: January 5, 2009
To: Peter S. Goodman, New York Times
The following email (I no longer have the previous email) was in response to Peter Goodman asking me if I have proof that Washington Mutual was not insolvent and was seized inappropriately. I had previously emailed him with information about the illegal seizure of Washington Mutual.
Background reading materials
The Biggest Banking Heist in World History: Washington Mutual
Illegal Seizure of Washington Mutual (complaint to SEC)
Blast from the Past: Mike Predicts Demise of Washington Mutual and Lehman
Evidence the SEC Ignored WaMu's Request to be SAVED
WaMu: One Year Later and Still No Indictments
WaMu Insider Trading & Naked Short Selling
Ignorance of Main Street Best Seen in WaMu Shareholders
WaMu Coverup: Email to Dan Wilchins Reuters Prick and Wall Street Hack
----------------------------------------------------------------------------------------------------------------------------------
The evidence is not so easily seen. But please hear me out and you can decide for yourself.
My evidence stems from deductions based upon my expertise. For instance, net withdrawals of $16.7 billion over a 10-business day period were stated as the cause of insolvency. However, this came from a total deposit base of over $190 billion and a total asset base of over $300 billion.
Does that look like insolvency to you?
That comes to average daily withdrawals of $1.67 billion per day, which is a trivial amount for a two-week period.
Also notice the timing of the seizure - just a couple of days BEFORE the banking bailout was passed.
Why is it that the Fed or Treasury could not have provided a few billion to avoid this massive seizure (assuming that $16.7 billion in withdrawals even caused insolvency)?
After all, at that time the Fed was providing up to $400 billion in monthly loans to banks in its Emergency Term Credit Lending Facilities. It would have been quite easy to have included a large thrift such as WaMu in this program if it wanted to.
I have consulted with others who followed the situation closely and they agree with me.
Also note that a reporter from the AP informed me that he was told of the seizure one hour prior to the official release by a WaMu employee who stated it was “politically motivated.” I can produce his name and contact info upon request but only under the condition that you seek his approval for citing this conversation prior to reporting on it (to protect him from potential backlash from his superiors).
There is no way to conclusively prove illegal insolvency without release of third party audited financial statements. But the OTS, FDIC, and SEC have refused my requests for release of any evidence of insolvency.
Doesn't it seem strange that even WaMu shareholders have still not received evidence of insolvency? Yet, they were instantly and completely wiped out by an organization (the OTS) which reaffirmed on numerous occasions just a few days prior to the seizure that WaMu had no need to raise additional capital through at least 2008. You can search for the press releases.
Even assuming that this $16.7 billion in withdrawals did cause insolvency, don't you think heads should roll at the OTS due to incompetence? Yet, it’s business as usual.
The strategy of claiming insolvency and immediate seizure suits banking regulatory agencies (which are really controlled by the US Treasury) quite well if in fact their mission is to hand over huge bank assets to the banking cartel (JPM, BAC, C and now WFC) at pennies on the dollar. As you are aware, this is precisely what has been going on and they have used taxpayer funds for these dirt cheap acquisitions.
This lack of accountability is consistent with the dictator-like authorities created by Paulson.
The media continues to praise Shelia Bair. But I view her actions to be dangerous to the health of the U.S. banking system. These actions do, however, serve to strengthen the power of the banking cartel.
I have been in talks with one of the law firms representing WaMu shareholders. The lead counsel informed me that the FDIC is virtually impervious to any litigation despite the fact that it is supposed to be an independent non-government body. This is simply a farce. The FDIC is under the control of the U.S. Treasury.
He also informed me that the FDIC did many of the same activities during the S&L crisis.
If all of this sounds sketchy, I ask you to look at my track record on this crisis. I saw things no one else did until they materialized. My track record stands out as the best of anyone hands down, as confirmed by my books “America’s Financial Apocalypse” and “Cashing in on the Real Estate Bubble and my updates published online.
In brief, I specifically advised investors to short Fremont, Accredited Lenders, Novistar (all three now bankrupt), Fannie and Freddie (now below $1), the banks and homebuilders in late 2006 in these books. I also predicted a price decline in real estate nationwide of 30-35%.
I stated that the real estate meltdown “will make the S&L crisis look like a non-event.” Yet I continue to be ignored by the mainstream media despite having contacted producers of every major TV show since 2006. The media is protecting its political and financial agendas by hiding the truth.
I plan to write a book detailing this as well as the most common tricks they use to carry out their mission. When you examine the track records of the “experts” interviewed by the media, you can see that the truth has been and continues to be hidden – from the economists (most of which serve as government hacks) to the pundits. The same guys who have been wrong continue to be interviewed.
Only those who really predicted this mess in advance are positioned to know what is going on now and what to expect in the future. And that does not include the perma-bears out there like Roubini and Schiff who have been predicted doom for 2 decades. In my opinion, they have 0 credibility.
I have attached my original complaint to the SEC regarding WaMu submitted in October 2008 as well as some excerpts from my books.
I did receive a follow-up call from SEC attorneys in the San Francisco office. But it was apparent to me that they really have no idea what is going on and no intention to pursue the WaMu fraud to the extent I have mentioned.
They were not even aware of the conflict of interest in Nancy Pelosi’s IPO stake in Picken’s compressed natural gas company CLME. As you are aware, she has been one of the biggest supporters of the Picken’s (scam) Plan.
I trust you realize the real agenda behind his energy plan and it involves making billions selling north Texans water. For the record, I later submitted a formal complaint on Pelosi’s conflict of interest.
As you read the SEC complaint, you will notice that much of it has been written to let them know that they have been negligent. Also, I have named the SEC as a participant in some of the WaMu fraud.
Since the report was submitted, the SEC has denied my requests for data on WaMu short positions held by financial institutions. SEC attorneys advised me to request this data from the Freedom of Information Act. I knew not to waste my time with this.
Finally, note that during my investigations regarding the WaMu seizure, I made several calls to the OTS, OCC, and FDIC. In every case, they passed the buck or shifted the responsibility of proof to other agencies. They seemed to be much more interested in who I was and whether I had a website rather than providing transparency on the seizure after I informed them that I planned to expose this massive fraud.
Shortly thereafter, a federal agent paid me a visit. Apparently, the FDIC did not like me snooping around and questioning their authority. In my opinion, they felt threatened by my ability and commitment to expose the truth. In retaliation, the FDIC Ombudsman informed the FDA terrorist division that I would be someone who should be questioned in connection with the recent white powder mailings.
I learned of this from an FDA agent who was questioning (interrogating) me at the FDA Terrorist Division in Irving, Texas in relation to my investigations regarding the illegal seizure of WaMu.
This is another example of abuse of power and this person has committed a crime in making such an ungrounded and ridiculous report. It is obvious to me this was done as a way to intimidate me and push me away from further investigations.
I can only hope that the issues which have come to my attention will be discussed because every bank engaged in the same mortgage fraud as WaMu. The real fraud with WaMu involves insider trading, illegal seizure, and a unified effort by several large banks to take the bank down via illegal shorting activities which were facilitated by the SEC.
I have been way ahead of the curve on every facet of this crisis ever since the release of my books in 2006, and I continue to maintain this position today. The issues I have raised confirm this. For me to be silenced by the media serves as evidence whose interests the media really serves, and it’s certainly not main street.
Respectfully,
Mike Stathis
Managing Principal, Apex Venture Advisors
----------------------------------------------------------------------------------------------------------------------
As you can imagine, I never heard back from Goodman because his purpose is to deceive the public, just like everyone else in the media.
Background reading materials
The Biggest Banking Heist in World History: Washington Mutual
Illegal Seizure of Washington Mutual (complaint to SEC)
Blast from the Past: Mike Predicts Demise of Washington Mutual and Lehman
Evidence the SEC Ignored WaMu's Request to be SAVED
WaMu: One Year Later and Still No Indictments
WaMu Insider Trading & Naked Short Selling
Ignorance of Main Street Best Seen in WaMu Shareholders
WaMu Coverup: Email to Dan Wilchins Reuters Prick and Wall Street Hack
It is critical to understand and always remember that no legitimate source that provides credible content sells advertisements or provides endorsements. These are the kinds of shady activities that charlatans and influencers are involved with. If you do not fully understand why this is the case, we invite you to examine the more than 500 articles, videos and audios explaining why, providing specific examples.
View Mike Stathis' Track Record here, here, here, here, here, here and here.
We have documented, time stamped publications backing the results in the following charts.
Most of the material shown in the following charts can be found in our track record links (see the links below).
We have documented, time stamped publications backing the results in the following charts.
Most of the material shown in the following charts can be found in our track record links (see the links below).
We have documented, time stamped publications backing the results in the following charts.
Most of the material shown in the following charts can be found in our track record links (see the links below).
.png)
We publish four (4) monthly research publications which provide the highest quality analysis (without any of the BS) found anywhere:
Stathis Shows Ackman, Soros And Bass Who The Boss Is
INTELLIGENT INVESTOR (track record links)
Mike Stathis Warned About the 2022 Bear Market Before it Began
Can You Beat the S&P 500 Index? You Can If You Have Access to Our Research
Mike Stathis Predicted the Coronavirus Bear Market and Nailed the Bottom
Mike Shows You How to Make 100% in 2 Weeks and 200% in 6 months
Did You Own the Best Stock of 2016? Intelligent Investors Did
Mike Stathis is the Only Person to Have Nailed the First and Second Interest Rate Hikes
Mike Stathis Nails the Stock Market Breakout from November 2016 Months in Advance
Our Interest Rate Forecasts Have Yielded HUGE Gains
Mike Stathis Was The Only Person To Have Nailed The First Rate Hike
Our Clients Avoided Being Exposed To The Market Collapse
Mike Stathis Predicted The August 2015 Stock Market Collapse
Guess Who Advised His Clients To Go To Cash BEFORE The Market Collapse?
The Media Has Banned The World's Leading Investment Forecaster
World's Best Market Forecaster Continues To Be Banned By The Media Crooks
Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy
Mike Stathis MUST Have A Crystal Ball. He Nailed The Market Correction AGAIN (excerpts only)
Excerpts Of The October 2014 Economic And Securities Supplement Audio 2
Who Do You Think Nailed the Latest Market Selloff AGAIN?
Stathis Nails the Market Correction in April 2014
Mike Stathis Nails The Stock Market Correction AGAIN, Top To Bottom
Where Is The Stock Market Headed? Let's Ask The World's Best Market Forecaster
Stathis Nails the Gold & Silver Trade Again
We Predicted The Market Selloff Yet Again
More Proof Wall Street Research Is Useless
ANOTHER Security From Our Recommended List Gets Bought Out
We Predicted The Market Correction AGAIN
Does AVA Investment Analytics Have Insider Information?
We Pin-Pointed the Past Two Market Tops And Bottoms
Does AVA Investment Analytics Have Insider Information?
4-Day Gains of 30% for 2011 and 2010 Performance
Another Huge Winner in a Few Weeks
Newsletter Stock Recommendation Soars More Than 25% in Just 3 Days
Can a Book Serve as a Crystal Ball?
Since The Market Lows, Only One Man Continues To Shine
Mike Stathis' Near-Perfect Market Forecasting Record
Another Security from the Intelligent Investor Soars
How to Short Stocks: Critical Lessons from the Intelligent Investor
Mike's Top 3 Stocks for Long-term Growth
Where Is The Stock Market Headed?
DIVIDEND GEMS (track record links)
Mike Stathis is the Only Person to Have Nailed the First and Second Interest Rate Hikes
Dividend Gems Subscribers Are Treated To Yet ANOTHER HUGE BUYOUT - Kraft
Dividend Gems Scores Another Huge Winner
Dividend Gems Scores ANOTHER Huge Payday
We Sold CenturyLink BEFORE It Collapsed
Warren Buffett Follows Our Lead On Heinz
Did You Own The BEST PERFORMING Stock In 2011? WE DID
Dividend Gems Destroys The S&P 500 Index AGAIN
Dividend Gems Holds Up As The Stock Market Collapses
Dividend Gems Continues To Smash The S&P 500 Index
Dividend Gems Outperforms Again
Dividend Gems Shines As The Market Corrects
The Impressive Performance Of Dividend Gems
MARKET FORECASTER (partial list; see this link for more)
Mike Stathis is the Only Person to Have Nailed the First and Second Interest Rate Hikes
Mike Stathis Nails the Stock Market Breakout from November 2016 Months in Advance
Our Interest Rate Forecasts Have Yielded HUGE Gains
Mike Stathis Was The Only Person To Have Nailed The First Rate Hike
Our Clients Avoided Being Exposed To The Market Collapse
Mike Stathis Predicted The August 2015 Stock Market Collapse
Guess Who Advised His Clients To Go To Cash BEFORE The Market Collapse?
The Media Has Banned The World's Leading Investment Forecaster
World's Best Market Forecaster Continues To Be Banned By The Media Crooks
Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy
Mike Stathis MUST Have A Crystal Ball. He Nailed The Market Correction AGAIN (excerpts only)
Who Do You Think Nailed the Latest Market Selloff AGAIN?
Stathis Nails the Market Correction in April 2014
Mike Stathis Nails The Stock Market Correction AGAIN, Top To Bottom
Where Is The Stock Market Headed? Let's Ask The World's Best Market Forecaster
Market Guidance: Past, Present And Future (pre-newsletter, also see America's Financial Apocalypse)
A Lesson In Market Forecasting
Where Is The Stock Market Headed?
We Pin-Pointed The Past Two Market Tops And Bottoms
We Predicted The Market Correction AGAIN
Mike Stathis' Near-Perfect Market Forecasting Record
Since The Market Lows, Only One Man Continues To Shine
AVAIA Market Forecast And Recommendations SPOT ON, AGAIN
We Predicted The Market Selloff Yet Again
COMMODITIES, CURRENCIES & PRECIOUS METALS FORECASTER (track record links)
WTI & Brent Crude:*
Henry Hub Natural Gas:*
Gold & Silver:*
Mike Stathis Nails The Gold And Silver Trade Again (Oct - Nov 2015)
Guess Who Nailed The Most Recent Gold Trade AGAIN
Mike Stathis Nails The Latest Gold & Silver Trade (Jan-Feb 2015) Updated
Stathis Nails The Gold & Silver Selloff AGAIN - Jul - Sep 2014
March 25, 2013 Gold Analysis & Forecast
The REAL Precious Metals Expert Shows You How it's Done
Stathis Nails the Gold & Silver Trade AGAIN
August 2012 - We Nailed The Gold Breakout
Mike Stathis Sets The Record Straight And Cleanses Your Mind
Other Videos Showing Stathis' Track Record
Proof That Mike Stathis Has The Leading Track Record On The Economic Collapse
Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy
The Media Has Banned The World's Leading Investment Forecaster
World's Best Market Forecaster Continues To Be Banned By The Media Crooks
Mike Stathis MUST Have A Crystal Ball. He Nailed The Market Correction AGAIN (excerpts only)
Mike Stathis Nails The Stock Market Correction AGAIN, Top To Bottom
Where Is The Stock Market Headed? Let's Ask The World's Best Market Forecaster
FACT: Mike Stathis is the leading expert on the economic collapse.
He has enabled his clients to profit BEFORE, DURING and AFTER the collapse.
No One in the world can match his track record from 2006 to current and he has backed that claim with a $100,000 guarantee which was expanded to a $1 million guarantee.
The first thing you might want to do before continuing is to watch the video on this page. CLICK HERE.
View Mike Stathis' Track Record here, here, here, here, here, here and here.
The following list contains only a tiny portion of accurate macroeconomic forecasts and predictions made by Mike Stathis (verified by published research):*
* these forecasts do not include the accuracy of market forecasts and securities guidance provided in the research.
Newsletter Performance Highlights:
[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26]
Video Presentation Highlights:
[1] [2] [3] [4] [5] [6] [7] [8] [9] [10]
The links discussing the results of the video presentations above pertain to two video series published in April 2012 – “20 Stocks Over $100” and “60 Stocks Poised for HUGE Moves”
Note: several additional winners from these presentations that have not been included here for lack of time.
In the past, we also gave away some nice freebies as well:
[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19]
Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.
These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.
Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.
This publication (written, audio and video) represents the commentary and/or criticisms from Mike Stathis or other individuals affiliated with Mike Stathis or AVA Investment Analytics (referred to hereafter as the “author”). Therefore, the commentary and/or criticisms only serve as an opinion and therefore should not be taken to be factual representations, regardless of what might be stated in these commentaries/criticisms. There is always a possibility that the author has made one or more unintentional errors, misspoke, misinterpreted information, and/or excluded information which might have altered the commentary and/or criticisms. Hence, you are advised to conduct your own independent investigations so that you can form your own conclusions. We encourage the public to contact us if we have made any errors in statements or assumptions. We also encourage the public to contact us if we have left out relevant information which might alter our conclusions. We cannot promise a response, but we will consider all valid information.
“I think Coinbase is the real deal — the numbers are incredible — he said. “ “I say buy some tomorrow, ideally at less than $475, but I accept that some has to be bought...
Convicted fraudster and former CEO of the now defunct Theranos, Elizabeth Holmes used the media as a way to raise funds and gain customers. And CNBC was right there leading the charge to promote this......
A two-hour video detailing Stephan and many other YouTube scammers promoted by the criminal boiler room fake news network, CNBC is on the way.
Folks, you really don't even need to do any research on Jon or Pete Najarian to realize they are used car salesmen. Just look at their cheesey clothing and jewelry. And once you hear Jon Najarian's...
Jim Cramer has been manipulating securities and misleading the sheep who watch CNBC for many years. Yet, no one calls him out on his securities manipulation or horrendous calls, so you shouldn'......
This is an example of one of many types of fraud committed by the financial media on a daily basis. Ask yourself why Tony Robbins is remotely qualified to talk about 401(k) plans or anything else re...
(please double-click on the empty box below and wait for the video to load) If the video above does not load please click this link. ...
Dennis Gartman is one of the many countless contrarian indicators constantly featured in the Jewish-run media crime syndicate as an "expert" despite getting nearly everything wrong nearly all of the t...
As you all know, I never watch CNBC. My aversion for trash and scams doesn't stop with CNBC. I never pay any attention to any financial media because I realize what a huge disinfo scam it is. &nb...
Here Mike exposes one of countless pump-and-dump scams headed by Jim Cramer and the criminal operation CNBC.
The following video commentary was originally recorded in late December 2014.
This little episode is just one of many that point to massive fraud committed by the media in promoting clowns as experts. Below is an interview from a couple years ago by Josh "the clown" Brown for...
The con artists at CNBC refer to Louise Yamada as a "technical analyst legend." But of course, every Jew who is promoted on CNBC is a legend, right? From Peter Schiff to Marc Faber. Based on...
Back in the spring of 2012, we released a special video presentation covering the analysis (fundamental and technical) of 60 securities we believed would make huge moves (either up or down). AVA Inve......
Jim Cramer has been manipulating securities and misleading the sheep who watch CNBC for many years. Yet, no one calls him out on his securities manipulation or horrendous calls, so you shouldn't...
If you think Peter Schiff is a moronic, motor-mouthed hypocrite, meet Josh Brown; a kid who has positioned himself as someone on your side. He is "reformed" after all; or is he? In the video...
If you think Peter Schiff is a moronic, motor-mouthed hypocrite, meet Josh Brown; a kid who has positioned himself as someone on your side. He is "reformed" after all; or is he? While B...
Ask yourself if you would want to hear what some guy living in a village in Thailand has to say about the Nasdaq. For the most comprehensive list and details regarding investment con men, gold pumpe......
Get your pencil and paper ready folks. Once again, class is in session and your lecturer is one of the world's sharpest investment minds on earth.
According to several accounts, CNBC is struggling with ratings. Some shows on the network haven’t had ratings this low in more than a decade.
In this video, Mike educates Ron Paul on the difference between interest rates and Treasury yields, explains that winding down from the quantitative easing program by the Fed will not necessarily lead...
Watch, listen, laugh, and learn.
I'm beginning to really enjoy exposing the countless idiots and charlatans positioned in the media as "experts" because it not only demonstrates the criminal nature of the media, but these videos also...
Watch this short video and you will see what I mean.
I have written much about how the Jewish media promotes Jewish investment advisers, economists, fund managers and others as a way to enrich members of their tribe at the expense of gentiles. We...
The title says it all.
I first began my mission helping investors steer clear of Wall Street because I learned first hand how the game was played after having worked in the industry. My mission has been to help inves...
I ran across a piece today that I just couldn't resist making a quick post about because it illustrates the typical bullshit pumped out by the media. Apparently, the crooks and idiots at CNBC di...
Over the past several days, I'm sure you've heard your fair share of debate regarding the recent downgrade of U.S. debt by Standard & Poor's. I have personally avoided this noise. However,...
I won’t go into any type colorful description of the “showdown” between Jon Stewart and CNBC’s Kim Cramer. If you’re reading this you already know about it. What I...
While some would consider Cramer a “stock pumper,” others would consider him their savior. I would consider him the “Dr. Phil” of Wall Street because, similar to Phil, he desig...