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WALL
STREET FRAUD WATCHDOG
The Premier Wall Street Fraud Watchdog In
The World
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Wall Street Fraud Watchdog Says Wall Street Needs To Wake Up To
Toxic Chinese Drywall Right NowAs if the US housing market were not bad enough. The Wall Street Fraud Watchdog is saying, "over a year ago we became aware of toxic Chinese drywall in homes in the US Southeast. Initially we thought is was a big deal, effecting tens of thousands of homes, primarily in the US Southeast. We were wrong. Toxic Chinese drywall, or US made drywall, that used raw imported gypsum from China is a game changer for the entire US housing market." The group says,"while the worst effects of toxic Chinese, or tainted drywall appear to be in areas with high thresholds of heat and humidity, its no longer just a US Southeast problem. We fear its nationwide, with varying degrees of drywall toxicity-based on humidity being the driver-but anyway you look at it, its a game changer for banks, pension funds, insurance companies, mortgages, the completely innocent homeowners who are stuck in one of these homes-to ultimately doing business with China, or ever trusting them as a trading partner-again." For more information please contact the Wall Street Fraud Watchdog at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudwatchdog.Com (Vocus) January 12, 2010 -- Americas Watchdog created the Wall Street Fraud Watchdog as a way to protect unsuspecting US investors from one Wall Street inspired flim flam after another. Regrettably, the Wall Street Fraud Watchdog is now warning Wall Street, US banks, mortgage bankers, the insurance industry, and the US Congress, to come to grips with a new disastrous chapter in the US housing boom called toxic Chinese drywall/toxic drywall. According to the group," toxic Chinese drywall, and or domestic drywall that used Chinese exported raw gypsum is a biblical type disaster, involving 100,000's of US homeowners. Aside from homeowners being sick; in the US southeast the homes may have to be bulldozed---because the gasses being emitted from the toxic drywall is now in the wood." The group says, "the $64,000 question is when will the US Federal government & President Obama show up with a meaningful response? To date the best President Obama could muster is an absolutely pathetic US Consumer Product Safety Commission report that came out in November 2009, saying toxic drywall from China may be responsible for copper corroding and or electrical wiring corroding-----no mention of the health of the US Citizens living in the homes. Sad but true." The Wall Street Fraud Watchdog is suggesting, "even if a Nancy Pelosi Congress, and or a President Obama do not seem to care about the fate of these US homeowners, or their families in the worst mess of their lives, Wall Street had better take note-you are effected too. This is a game changer for mortgage companies, banks, insurance companies, pension funds, real estate investors, and the way we build US housing." Http://WallStreetFraudWatchdog.Com The Wall Street Fraud Watchdog is saying, "to be perfectly clear we are trying to get help for these completely innocent homeowners. They need help. So do the mortgage banking, insurance, investment, and healthcare sectors. Like it or not-you are all on the hook too-with soon to be foreclosures you cannot sell, you cannot rent out, that at least in the US Southeast need to be bulldozed-and the sick homeowners, or their childern." The group says,"this also leaves pension funds, or investors holding the bag on mortgage backed securities portfolio's that will soon stop delivering a yield----and a homebuilder you cannot go after because they are bankrupt." If a pension fund wants more information please contact the Wall Street Fraud Watchdog at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudWatchdog.Com Note: the Wall Street Fraud Watchdog is also saying, "this is also a game changer with respect to US consumers wanting anything made in China--ever again. Don't believe us? Go to South Florida, or New Orleans and ask homeowners if they would ever purchase, or remodel a home with any part, piece, nut, or bolt that was made in China? Trust us-the answer would be no." What are the symptoms, or indicators of toxic Chinese drywall in a home? The group says, "In Florida, the US Southeast, Virginia, or other states known to have toxic Chinese drywall, the four biggest symptoms/indicators of toxic Chinese drywall we hear of are, air conditioning coil failures, failed electrical appliances/flickering lights, black copper, combined with health side effects that include non stop upper respiratory problems, to severe headaches, to nose bleeds, to all sorts of strange rashes." But what about that sulphur smell? The group says,"Some homes have the sulphur smell, some do not. We do not think that the smell of sulphur is necessarily the best indicator for toxic Chinese drywall. We think a far better indicator for homes, at least in Florida, Louisiana, Alabama, Georgia, Southeast Texas, Mississippi, Virginia, or other humid, warm states are air conditioning coil failures, electrical problems, combined with all, or some of the homeowner's family are sick." By the end of 2010 the group expects to find toxic Chinese, or toxic US made drywall in homes in all 50 states. The time lines are 2001-early 2009. For more information contact the Chinese Drywall Complaint Center anytime at 866-714-6466, or contact the group via its web site at Http://ChineseDrywallComplaintCenter.Com The Wall Street Fraud Watchdog is all about investor protection. In the case of toxic Chinese drywall, or tainted US drywall the group is saying, "in this instance its not just about an investment. This is also about the children who live in these homes, and their future. Its also all about various important sectors of the US economy that up until this moment did not realize they had a huge problem-they do." Http://WallStreetFraudWatchdog.Com The Wall Street Fraud Watchdog Offers An Opinion About Californias AG Brown On ARS & Offers Some Economic Advice For nineteen months the Wall Street Fraud Watchdog has been doing everything possible to assist victims of the auction rate securities con job. The auction rate securities debacle has involved number US banks, and investment bankers. Of late the Wall Street Fraud Watchdog has been focused on getting Wells Fargo Bank to the refund auction rate securities money invested by its retail & institutional investors. According to the group,"Since April Attorney General Jerry Brown of California has had in his possession an e-mail dating back to November of 2007, where Wells Fargo cited risk with auction rate securities, and there has yet to be a settlement with Wells Fargo Bank?" The group is also saying,"if Attorney General Jerry Brown is this incompetent as California's AG, why would the citizens of California elect this guy as its governor?" Auction rate securities victims are welcome to contact the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group at its web site at Http://WallStreetFraudWatchdog.Com (PRWEB) September 21, 2009 -- The Wall Street Fraud Watchdog is saying, enough is enough when it comes to the Securities & Exchange Commission & the incompetence of state regulators, when it comes to the $330 billion dollar auction rate securities con job. these investments were sold to retail customers, and institutions, as just like cash, no risk, 100% safe, etc. The group is saying, there was just one slight problem,"it was a con job, auction rate securities were very risky, they were not like cash, as evidence; the market froze in February of 2008, leaving tens of thousands of completely innocent US investors, and or institutions with an investment that was no longer just like cash, or liquid. Why has no one gone to jail on this?" The group is also saying, "if Attorney General Jerry Brown of California lacks the intellect, to obtain at a minimum a retail settlement for the Wells Fargo retail customers, perhaps the State of California should turn its evidence over to Andrew Cuomo Attorney General of New York, for some quick results." Auction rate securities victims are welcome to contact the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudwatchdog.Com So what exactly does the Wells Fargo email exposed by the California Attorney Generals law suit say? (California VS Wells Fargo-Case #09-487641) "An employee of Wells Fargo Bank's Trust Department prepared a document for trust officers entitled 'Fixed Income Update: Failed Auction Risk in the Auction Rate Preferred Market,' in November 2007. The document recommended against the purchase of auction-rate securities because of the risk of auction failures. The document was transmitted to defendants, and was also provided to a few of defendants' sales agents. Defendants' sales agents discussed the document with their counterparts at Wells Fargo Banks' Trust Department. Despite this recommendation, defendants continued to sell auction-rate securities to its investors." If you are an investor with auction rate securities sold by Wells Fargo, please call the Wall Street Fraud Watchdog at 866-714-6466, or contact the group at Http://WallStreetFraudWatchdog.Com So what's the big deal about institutional auction rate securities investors? According to the Wall Street Fraud Watchdog," institutional investors are supposed to do their own due diligence. There is one slight problem. As far as we are concerned the US banks, and investment bankers involved in the auction rate securities flim flam could not do due diligence, because the banks, or investment bankers were lying to their clients about the solvency of the auction rate securities market place." The group is saying, "in other words, not for profits, charities, hospitals, and institutions were lied to by their bank investment advisor, or investment banker about the safety of auction rate securities.We think all involved in this should go to jail, & the banks and investment bankers should cough up the $220 billion in institutional auction rate securities, that are now frozen." Institutional investors can call the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudWatchdog.Com Note To All Investors: According to the Wall Street Fraud Watchdog, "in the last three or four months we have become aware of bank investment advisors, investment bankers, and stock brokers doing cold calls to sell municipal bonds. For over a year we have been predicting the collapse of the US municipal bond market, because of the diminution of county or state sales taxes & decreased income tax revenues." The group is also saying, "that because of the Obama-Pelosi mindless & non-stop Congressional bailouts & or economic recovery schemes, the US dollar is on the verge of being worthless. We are strongly encouraging all investors to have at least 30% of your portfolio in precious metals, as a hedge against hyperinflation, which we see right around the corner for the US."
The
Wall Street Watchdog Demands Institutional Investors be
Included in Auction Rate Securities Settlements
The Wall Street Fraud Watchdog is demanding that state and federal regulators go after major US banks, or investment bankers for their role in the $330 billion dollar auction con job, to include institutional, as well as retail ARS customers. According to the group,"how were retail, or institutional investors supposed to perform due diligence, when those selling these supposed, just like cash investments, were in fact lying to their customers? How does that work?" The Wall Street Fraud Watchdog is offering to assist both retail, or institutional auction rate securities victims in every way possible, For more information please contact the Wall Street Fraud Watchdog at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudWatchdog.Com (PRWEB) August 25, 2009 -- The Wall Street Fraud Watchdog has been unyielding in its efforts to call attention to the $330 billion dollar con job, better known as auction rate securities. According to the group, "there is about $220 billion dollars of institutional investor money stuck in this flim flam job on the part of US banks, or investment bankers, and we think it high time state and federal regulators get off their butts, and recover the money for everyone, to include the institutional investors." But aren't institutional investors exempt from recoveries because they either should have done their own due diligence, or they should have known better? According to the Wall Street Fraud Watchdog, "while we are not attorneys, nor are our views an attempt to practice law, how could an institutional investor do due diligence, when the US bank, or investment bankers were lying about the actual foundation, or strength of the auction rate securities market place? How is due diligence possible when everyone selling auction rate securities were lying through their teeth?" The group says, "fraud is fraud, in many cases the quote un quote institutional investor was a not for profit school, hospital, charity, and the banker, or investment banker put their clients in these toxic assets saying they were just like cash & completely safe." If you are a retail or institutional investor with money stuck in the auction rate securities mess, please feel free to contact the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group via its web site at http://WallStreetFraudWatchdog.Com According to the Wall Street Fraud Watchdog,"institutions and retail clients need to fight for their money. We have lost our faith in state, or federal regulators to do their mandated jobs, as evidenced by the fact that we are still having to these press releases 19 months after the initial auction rate securities market implosion, in February of 2008." The group says," we are more convinced than ever that because of the degree of the fraud, the carnage it has caused to the economy, and the damage done to both institutions, and individuals, the banks and investment bankers need to cough up the money now, and at the same time there needs to be criminal prosecutions for those who perpetrated this disaster." Institutional or retail auction rate securities investors can contact the wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group at their web site at http://WallStreetfraudWatchdog.Com So what does the Wall Street Fraud Watchdog mean when it talks about fraud, or lying with respect to US banks or investment bankers schemes related to auction rate securities? On August 13th 2009, in an article seen on the Huffington Post, Dan Solin wrote describing Merrill Lynches role in the auction rate securities con job, in an article called Auction Rate Bonds Mess: To the Depths of Depravity and Beyond: "When another analyst was answering questions about auction rate securities in a conference call with retail brokers, his boss e-mailed a message ordering him to be "shut down" because he was not being positive enough.When the market showed clear signs of failing, Merrill Lynch was undeterred. In one particularly sickening e-mail, a Merrill Lynch executive brushed off the signs of market distress by cryptically noting "Gotta Move these microwave ovens!!" And then there is Wells Fargo & their role in failing the transparency tests. when it came to alerting their clients as to the risks of auction rate securities as exposed by the California State Attorney General. So what exactly does the Wells Fargo email exposed by the California Attorney Generals law suit say? (California VS Wells Fargo-Case #09-487641) "An employee of Wells Fargo Bank's Trust Department prepared a document for trust officers entitled 'Fixed Income Update: Failed Auction Risk in the Auction Rate Preferred Market,' in November 2007. The document recommended against the purchase of auction-rate securities because of the risk of auction failures. The document was transmitted to defendants, and was also provided to a few of defendants' sales agents. Defendants' sales agents discussed the document with their counterparts at Wells Fargo Banks' Trust Department. Despite this recommendation, defendants continued to sell auction-rate securities to its investors." If you are a retail, or institutional investor stuck with auction rate securities sold by Wells Fargo, or any other bank, or investment banker please call the Wall Street Fraud Watchdog at 866-714-6466, or contact the group at http://WallStreetFraudWatchdog.com
The Wall Street Fraud Watchdog Warns All Investors To Be Bearish About The US Stock Market & Their Finances The Wall Street Fraud Watchdog is warning all US investors to be very wary about the US Stock Market & Wall Street talking heads promoting the idea that we will be out of the recession woods by the fourth quarter of 2009. According to the group," this is not your standard run of the mill recession, residential real estate price devaluations & foreclosures will continue in the second half of 2009 & for all of 2010, the national unemployment rate will increase to 12% by the end of the year, & the spendaholics in Congress have blotted out the next few years, or more, with their mindless bailouts (start thinking inflation)." The group is saying, "go to cash right now & don't trust Wall Street & their BS. Start believing your gut, and start thinking international developments could change everything in a nanosecond ." The Wall Street Fraud Watchdog's web site is located at Http://WallStreetFraudWatchdog.Com (PRWEB) August 12, 2009 -- The Wall Street Fraud Watchdog is setting off alarm bells for all US investors, when it comes to buying into a bull market, or that the US will be out of recession by years end. According to the group, "we are in the absolute worst residential real estate market since before the great depression, Congress with their non-stop bailouts is putting future generations at extreme risk, the US commercial real estate markets are about to implode, we are heading for a 12% + national unemployment rate, and Obama's economic guru Larry Summers says we will be out of the woods by year end?" The Wall Street Fraud Watchdog says, "this is not a bull market, it is a BS market, it is a cash for clunkers market, it is unsustainable, and its high time smart investors either head toward the exits, or put yourself in something recession/inflation proof like gold or oil. The news for investors gets worse. Http://WallStreetFraudWatchdog.Com Question: What about tax free municipals? A broker called and said they could get me 5% tax free." According to the Wall Street Watchdog, " with the diminution of state, county or city sales tax, property tax & income taxes being the worst since the great depression, how are the municipals going to debt service the bonds? The Wall Street brokerage houses or bank investment advisors are simply trying to make commissions, by putting lipstick on a really ugly pig, before the stock brokers have to call it a day and go back to the used car sales lot they came from." Note: an Alabama county recently asked for the Alabama National Guard to step in a patrol its streets because it has run out of money to pay for its police. What about the US real estate market, we are at the bottom right? According to the Wall Street Watchdog, "wrong, we are not even close to a bottom. On Wednesday August 5th Deutsche Bank said, the percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market." The Wall Street Fraud Watchdog says,"stop and think about it for a moment, 48% of all US households owe more on their home than it is worth? And Obama's Summers thinks we will be out of the woods by the end of 2009? Start thinking about another round of really big bank failures." (Hint: the biggest US banks that have exposure to second mortgages are doomed because their second mortgage are now, or soon will be worth nothing) What about US retail & manufacturing? The Wall Street Fraud Watchdog is saying, "forget about retail, or manufacturing for 2009 & most of 2010. Obama's health care express will force many small businesses to either lay off more people, or go out of businesses." Put another way the group is saying, "there will be no 2009 Christmas for retailers, consumers are digging in, and unemployment will simply get worse. Add to all of this President Obama & Nancy Pelosi with their tax the rich, redistribute to the poor mentality, we might not see any job creation in the private sector that is meaningful, or sustainable for the duration of the Obama Presidency."
Could things get worse than what the Wall Street Fraud Watchdog has just said? According to the Wall Street Fraud Watchdog, "we think things are about to get much worse. Starting with a limp wristed Obama approach to dealing with Iran.If Iran gets an atomic bomb, start thinking about $4.00+ per gallon for gas in the US, because of the instability it will cause in the Middle East." The group says, "even worse, Iran has a big friend in Russia, that wants nothing more than a unstable nuclear Middle East, because Russia benefits greatly from higher oil prices. Add to the mix that Iran's President Ahmadinejad, and you have all of the makings for a biblical type disaster, when it comes to global energy prices, for the next two or three years, and or even longer. This is why Russia backs Iran.If Israel stikes Iran-Russia wins-oil prices go higher. If Iran gets a bomb, the Middle East is unstable-oil prices go higher=Russia wins" With all this said, most astonishingly of all according to the Associated Press, "The Federal Reserve delivered a vote of confidence in the economy Wednesday August 12th, saying it would slow the pace of an emergency rescue program as the recession appears to be ending." The Wall Street Fraud Watchdog says, "this is lunacy. We are about to see 48% of our nations homes underwater, there will be no quick turn around in unemployment, that will in fact get worse, there will be no Christmas for US retailers, US manufacturing will remain in neutral, and cash for clunkers can only go so far before the Nancy Peloci Congress realizes they cannot print any more money, because our money is worthless." The Wall Street Fraud Watchdog is all about protecting individual or institutional investors from a greedy Wall Street. Http://WallStreetFraudWatchdog.Com
The Wall Street Fraud Watchdog Demands Wells Fargo
Settle with Its Auction Rate Securities Clients Now
For over 16 months, the Wall Street Fraud Watchdog has been waging a battle against banks, financial institutions, and stock brokerage for selling auction rate securities to completely innocent investors, who thought they were getting an investment that was just like cash. Wells Fargo is the largest remaining bank, yet to settle with its auction rate securities clients. According to the Wall Street Fraud Watchdog, "as a result of the November 2007 internal Wells Fargo e-mail that recommended against the purchase of auction rate securities because of the risk, we think it high time Wells Fargo does the right thing for its ARS clients, & refund their money-now." If you are a victim left holding the bag with auction rate securities sold by Wells Fargo, please call the Wall Street Fraud Watchdog at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudWatchdog.Com
(PRWEB) July 20, 2009 -- The Wall Street Fraud Watchdog has
continued to fight for innocent victims caught up in the
$330 billion dollar auction rate securities con job for
nearly 17 months. According to the group, "it is an insult
to the victims, and the taxpayers that the SEC, and state
regulators have done such a half hearted job in getting
refunds on the auction rate securities con job. People
should be going to jail, for what they have done to
thousands of completely innocent retail investors &
institutional investors." With the revelation of the
November 2007 Wells Fargo e-mail brought to light by a law
suit filed by the California Attorney General (California VS
Wells Fargo-Case #09-487641), the Wall Street Fraud Watchdog
is saying, "Wells Fargo needs to settle with its auction
rate securities clients and they need to do it now, not next
week, next month, or next year, we mean now." If Wells Fargo
sold a retail customer, or institutional investor auction
rate securities, please contact the Wall Street Fraud
Watchdog at 866-714-6466, or contact the group via its web
site at Http://WallStreetFraudWatchdog.Com The Wall Street Fraud Watchdog Urges Auction Rate Securities Victims To Get Off The Fence & Fight
(PRWEB) March 30, 2009 -- For over a year Americas Watchdog's Wall Street Fraud Watchdog has been trying to assist all victims of the auction rate securities debacle. The group considers the $330 billion dollar auction rate securities con-job as the absolute worst case of institutional fraud in US history. As early as 2007 the auctions were failing, yet main stream US banks and stock brokerage firms were selling the cash equivalent auction rate securities as safe, and just like cash. According to the Wall Street Fraud Watchdog, "It was all a big lie, and people who are still waiting for their money should call us, so we can help them figure out how to get their money back." Auction rate securities victims or victims of any significant securities fraud can contact the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group via their web site at Http://WallStreetFraudWatchdog.com. The Wall Street Fraud Watchdog is urging all auction rate securities victims to contact the group for help, in trying to figure out the best avenues available to get their money back. At the same time the group is warning all US investors to be extremely cautious of mutual funds or stock brokers touting ideas like, "now is a time to get back into the market. The Wall Street Fraud Watchdog thinks the current market mini rally is a dead cat bounce, and people will be sorry for jumping in at this time." In 2009 the Wall Street Fraud Watchdog expects the following: * US real estate values will decline another 10% in 2009. California could see declines as high as 15% * Commercial projects, or high rise condo projects recently built may go back to the banks because of no occupancy, or condo sales. This will be crushing news for many of the largest US commercial banks & their stock holders. * Because of property tax & sales tax revenue declines nationwide, many city, county and state municipal bonds may fail. The Wall Street Fraud Watchdog believes the Obama/Pelosi multi trillion dollar bail outs or economic stimulus plans will not help the economy. "In fact the more money the US Federal Reserve throws at problem banks, the new green economy, the greater the risk for inflation. If inflation gets roaring in the US, we are cooked." * The Wall Street Fraud Watchdog is strongly encouraging the Obama Administration & the US Congress to lower taxes as opposed to raising them. * How do you have the head of the US IRS who "forgot" to pay his taxes? The Wall Street Fraud Watchdog is also calling for investigations of US mutual fund companies for their negligence, in not doing a much better job in protecting individuals 401-K accounts. Many US citizens have seen their 401-K's drop in value by 40%+ in just one year. "Every time we see a mutual fund company advertising on TV, we feel like throwing a brick at the screen. They all say, we will protect you, or take care of you. It's a lie. They just wanted the fees."
Americas Watchdog's Wall Street Fraud Watchdog is the premier private investor protection advocacy group in the US. For more information investors can call the group anytime at 866-714-6466, or contact the group via their web site at Http://WallStreetFraudWatchdog.com.
The Wall Street Fraud Watchdog is all about investor protection accountability.
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| American Watchdog: Reward for Information Regarding Employment Practices of Homerbuilders |
| Monday, 01 December 2008 | |
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Americas
Watchdog Wants to Talk to the Employees of Major
U.S. Homebuilders About Undocumented Construction
Workers and a Possible Reward Americas Watchdog and its Wall Street Fraud Watchdog have been investigating the employment practices of the largest homebuilders in the US for five years, with the conclusion that millions of undocumented workers did most of the building. The problem: while most of the undocumented workers were classified as "sub-contractors", they were in fact full time employees, and they did not receive overtime, or other benefits afforded to US full time employees. According to the Wall Street Fraud Watchdog & the Homeowners Consumer Center, "if big US homebuilders think they are about to get a windfall from the US taxpayers, think again, its show & tell time. Start thinking about prison, if you are a large US residential homebuilder CEO, COO or CFO." Large US homebuilder superintendents or executives with substantial proof may be eligible for a significant reward. Large US homebuilder superintendents or executives can call the Wall Street Fraud Watchdog. Americas Watchdog Wants to Talk to the Employees of Major U.S. Homebuilders About Undocumented Construction Workers and a Possible Reward Americas Watchdog and its Wall Street Fraud Watchdog have been investigating the employment practices of the largest homebuilders in the US for five years, with the conclusion that millions of undocumented workers did most of the building. The problem: while most of the undocumented workers were classified as "sub-contractors", they were in fact full time employees, and they did not receive overtime, or other benefits afforded to US full time employees. According to the Wall Street Fraud Watchdog & the Homeowners Consumer Center, "if big US homebuilders think they are about to get a windfall from the US taxpayers, think again, its show & tell time. Start thinking about prison, if you are a large US residential homebuilder CEO, COO or CFO." Large US homebuilder superintendents or executives with substantial proof may be eligible for a significant reward. Large US homebuilder superintendents or executives can call the Wall Street Fraud Watchdog anytime at 866-714-6466 or visit their web site at http://WallStreetFraudWatchdog.com |