REPO 105 - THE REAL CAUSE OF OUR FINANCIAL COLLAPSE.

In early August of 2007 most Americans and the western worlds consumers at large felt relatively safe with the workings of the financial economy. Although rumours had been heard within the financial community of potential troubles in the credit markets, credit default swaps (CDS) became the buzz words on debt worries.

Now it is becoming apparent that "Repo105" a smoke and mirrors accountancy procedure lay one of the foundation stones for the near collapse of our World Global Financial Markets.



Repo105 - Help Advice & Guidance About What Realy Happened.

Even today very few people had any idea of the extent that the real and looming financial problems penetrating into the financial system would bring.

Over the past 3 years the United States had stumbled along blindly and required a massive governmental bailout and a complete re-financing of their banking system, this was quickly followed by many other western countries.

Various reporters and financial authors had been reviewing in detail the causes of the crisis without any specific and defining concensus being reached as to the real cause.

Today it now finally appears the true authors of this calamity may be coming into focus.

It is becoming apparent that a relatively unknown accounting practice may have been the real functional instigator behind the financial crisis.



Repo105 - How Did It Work?

The practice used was called REPO 105 and will become well known over the coming months to the general public.

Basically financial institutions would sell off loans and investment assets temporarily to other financial institutions for cash, (These transactions should have been classed as loans, but had been booked as sales) using a short-term re-purchase (or "repo") agreements to buy them back a few days later.

But by getting the timing right (before a financial reporting period) when doing these transactions they could hide BILLIONS of bad assets as sales from investors, governments and the rating agencies as well as the financial regulators.

This single elaborate accountancy trick/practice has led to a massive global false accounting picture of a/many financial institutions credit worthiness.



Repo105 - What Happens Now?

The practice is now being highlighted and is believed to be in use throughout the wider financial community. WestCorp believe that the Repo 105 practice has been in force since 2000 if not earlier.

The full extent and penetration of this "slight of hand" practice is currently unknown.

This now calls into question financial reports from many of all the nations largest financial institutions.

As of today no one knows exactly how wide spread this practice is ...... time will tell.



*** Repo105 - How Does This Affect Me Longer Term & What Do I Require To Do ***



THE GENERAL ELECTION:

In the UK the coming months and years beyond the 2010 election will see a rapid contraction of available credit. In fact you will already have noticed bankers and lenders tightening criteria and restricting borrowings both business and personal.



BANKERS LENDERS & GOVERNMENT POLICIES:

Once the lenders have completed that cycle they will then concentrate on accruing in all available client assets to reduce any exposure on current facilities to businesses and consumers.

This coupled with an array of frightening tax hikes by whichever party wins the election instantly implementing new tax burdens that will be required to reduce the Countries (UK Plc) debts.



HOW TO PROTECT ALL THAT YOU HAVE WORKED FOR - FROM THE ABOVE?

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