Criminals of the Financial Crisis

Special ReportAngel Publishing Investment Research Publish Date: January 10, 2009, Baltimore, MD

 

 

(Click here to review Part 1 of The Architects of Destruction.)

The fuse was ignited by an incestuous union of Wall Street, A-list corporations, and our oversight-challenged government.

And now that the bomb's exploded, the sleight-of-hand message delivered by the connected media is spreading far and wide.

The economic collapse is all about the "credit crunch," we're being told... at 2nd-grade reading levels, no less.

It's an argument intended, no doubt, to distract us from the obvious truth... which is that the country's not in fact suffering from a credit freeze that's keeping even qualified borrowers from getting loans. (That's just the Kool-Aid you're supposed to swig down, without as much as a glimpse at what's in the cup.) The reality, of course, being that the country is reeling from $6 trillion of housing wealth flushed down the commode, along with another $8 trillion smackeroos worth of stock that's vanished into thin air.

No doubt you've been reading about Bernard Madoff, the mad genius who orchestrated a decades-long Ponzi scheme... one that targeted even charities as marks for his con. Operating with feeder funds, this disgraced Wall Street titan has destroyed more wealth than any single individual in history. And, chances are, a string of new Madoff-esque stories have yet to be revealed.

And now we're left with what may be the biggest con yet... some $700 billion of TARP money that's launching without even a speck of oversight. We Americans can't even count on a nationalized audit to sort out the solvent banks from the insolvent! As tax payers, we deserve at least some form of paper trail. But we're fools to expect it from our government.

Let's face it. We've been robbed blind by master thieves, bamboozled out of hundreds of billions, and left with a financial system ransacked by looters exploiting gaping holes. No regulation. No oversight. Zero accountability. The authors of our Constitution must be turning in their graves.

In part 2 of our report below, we'll tackle more of the politicians, government officials and Wall Street suits who helped hijack our economy... and we'll show you how a small group of individual investors took the bull by the horns, capitalizing on a strategy that's turning the trading world upside down.

We'll also show you the 3 "Doomsday Shockers" that will go off -- just months from now -- like firecrackers in a piñata... and how you can lock into position to collect gains of 75% to 300% with each one.

America's Hall of Shame: Criminals of the Crisis, Cont.

Public Enemy #6: Alan "High Priest of the Fed Temple" Greenspan Former Chairman, Federal Reserve (1987-2006)

His Crimes:

Greenspan's loose monetary policy alone would be enough to land him on our list. But his biggest gaffe? An unwavering opposition to oversight and regulation... despite being warned repeatedly on the consequences of lax lending standards. (Warren Buffett, back in 2003, referred to derivatives as "financial weapons of mass destruction.")

Ultimately, Greenspan would allow interest rates to remain too low, thereby over-inflating the housing bubble... all the while adamantly refusing to regulate high-risk financial tools. The mother of all derivatives -- the mortgage-backed security -- would soon collapse under its own weight, triggering the financial crisis of 2008.

Greenspan maintains a blame-free posture, conceding only that his "irrational exuberance" free-market ideology -- and lack of regulation -- was "flawed." Meanwhile, many leading global economists have freely called him out front and center as one of the most culpable figures behind the economic collapse of 2008... earning him what could prove to be a permanent stigma as the "engineer" of the housing bubble.

Golden Parachutes:

Advisory position on global economic issues at hedge fund Paulson & Co.,"Special Consultant" to bond giant PIMCO,"Senior Advisor" to Deutsche Bank's investment banking team and clients,Full government pension, andA sweet book deal (Penguin Group), which he fittingly wrote in 2007, before the economic "sh_t hit the fan."

Subsequently, Paulson & Co is famously known for its record profit making during 2007 by conducting bets against mortgage derivatives, which earned the firm billions of dollars last year. The financial terms of the agreement were not disclosed and Greenspan must not, under the agreement, advise any other hedge fund manager while working for Paulson.

Still... While Greenspan Missed the Bubble, One Group of Investors Showed Up First to the Profit Party:

We capitalized by riding the inevitable outcome of Greenspan's loose policies -- on the heels of the subprime fallout -- to the tune of a 4,822% cumulative gain in 2007. Among the biggest gainers:

The Countrywide January 2008 27.50 put option, which earned members of our nimble investment club a tidy 203% return in mere days.The September 2008 AIG call option, which turned a 100% gain as we closed 50% of our position... and then a 125% gain on the remaining 50%... all in under 12 days.

 

Public Enemy #7: Phil "High Priest of Deregulation" Gramm Former Republican Senator, Texas (1985-2002); Senate Budget Committee (1989-2003)

His Crimes:

This legendary "free market capitalist's" staunch position against deregulation played a major role in the road to financial meltdown. And it happened with unusual bipartisan flare, as deregulation efforts were backed and aided through eight years of the Clinton administration... as well as by other members of Congress whose campaigns benefited from financial industry donors.

In the 1990s, according to reports, Gramm would turn down SEC's Arthur Levitt's requests for funding aimed at policing Wall Street. He also opposed an SEC rule that would've prevented accounting firms from getting too close to companies they audited... and warned the SEC that if the commission adopted that rule, funding would be cut.

Among Gramm's other efforts to deregulate the markets:

√ He pushed through a provision that ensured virtually no regulation of the complex financial instruments known as derivatives, including credit swaps, contracts that would encourage risky investment practices at Wall Street's most venerable institutions and spread the risks, like a virus, around the world.

√ In 1999, Gramm pushed a banking deregulation bill that broke down walls between commercial banks, insurance companies and securities firms.

√ Worse, in 2000, Gramm slipped a thick, 262-page measure (the Commodity Futures Modernization Act... more on that below) into a $384 billion spending bill. The act, said Gramm, would prevent the SEC -- especially the Commodity Futures Trading Commission -- from getting into the business of regulating financial products called "swaps." Swaps, of course, were at the heart of the subprime debacle.

"Tens of trillions of dollars of transactions were done in the dark," reports University of San Diego law professor Frank Partnoy, an expert on financial markets and derivatives. "No one had a picture of where the risks were flowing... {subsequently} there was more betting on the riskiest subprime mortgages than there were actual mortgages." Source: MotherJones.com

The "Enron Loophole"

The Commodity Futures Modernization Act of 2000 included a last-minute Gramm provision, now known as the Enron Loophole, exempting energy speculators who make trades electronically from U.S. government regulation. Along with being the catalyst for the Enron debacle, it's believed to be the primary reason for California's 2001 electricity cost spike. What's more... the Ken Lay-Phil Gramm love fest turned out to be an ugly threesome... with Gramm's wife having served on Enron's board when the company collapsed under scandal.

"Any informed borrower is simply less

vulnerable to fraud and abuse."

-- Alan Greenspan

"You've heard of mental depression; this is a mental recession...

We have sort of become a nation of

whiners."

"Some people look at subprime lending and

see evil. I look at subprime lending and I

see the American dream in action."

-- Phil Gramm

The Commodity Futures Modernization Act of 2000 included a last-minute Gramm provision, now known as the Enron Loophole, exempting energy speculators who make trades electronically from U.S. government regulation. Along with being the catalyst for the Enron debacle, it's believed to be the primary reason for California's 2001 electricity cost spike. What's more... the Ken Lay-Phil Gramm love fest turned out to be an ugly threesome... with Gramm's wife having served on Enron's board when the company collapsed under scandal.

Beyond that...

√ Many economists assign some blame to 1999's Gramm-Leach-Bliley Act -- legislation spearheaded by Gramm and signed into law by President Clinton -- for bringing on the 2007 subprime mortgage crisis and 2008 global economic crisis. The Act is most well-known for repealing much of the Glass-Steagall Act, which was designed to regulate the financial services industry.

√ The Washington Post in 2008 named Gramm one of seven "key players" responsible for winning a 1998-1999 fight against regulation of derivatives trading.

√ 2008 Nobel Laureate in Economics Paul Krugman lists Gramm as #2 on his list of people most responsible for the economic crisis of 2008 (trailing only Alan Greenspan).

Golden Parachutes:

Gramm would become vice chairman of UBS Securities -- the investment banking arm of the Swiss bank UBS. According to a New York Times piece, "elite private bankers" of UBS "built a lucrative business in recent years by discreetly tending the fortunes of American millionaires and billionaires."All the trimmings that come with a full government pension, including 80% of his salary and full health care benefits.

How We Parlayed Phil Gramm's Flawed Fight To Continue Deregulation Into... "Cha Ching"... Major Profits:

Standard Pacific (SPF): Trade opened: July 24, 2007; Trade closed: July 27, 2007. Days after we got in with a put option play, the company would fall on a big Q2 2007 loss and news that it pulled its full-year guidance... and couldn't rule out further impairment charges. End result: In and out four times with gains of 111%, 79%, 75% and 48%, giving us an average gain of 78.25%.

Accredited Home Stock: Trade opened: February 23, 2007; Trade closed: March 5, 2007. We purchased put options on now-defunct Accredited Home right alongside the downside of New Century. End result: in and out four times, returning gains of 45%, 141%, 134% and 45%... and earning members of our investment club a total average gain of 91.25%

Thornburg (TMA): Trade opened: Aug. 7, 2007; Trade closed: Aug. 10, 2007. At the time, banking, housing and lending stocks were rallying on hopes of a rate cut. Many stocks ran to overbought conditions, including Thornburg. We waited for speculation to peter out and jumped in with put options. Bolstering our position was news that investor confidence was waning, and on news that the company could not offer clear guidance on the dividend. End result: in and out twice, with gains of 45% and 188%... and an average gain of 116.5%.

 

Public Enemies #8 and #9: John "I Robot" Thain Former Chairman/CEO, Merrill Lynch; Current President of Global Banking, Securities & Wealth Management at Bank of America

Stan "No Risk Too High" O'Neal Former Chairman/CEO, Merrill Lynch; Former GM Board of Directors (2001 - 2006)

Their Crimes:

The financial headlines read a lot differently only a year ago for John Thain... "The Man Who Saved Merrill" and the "Best Paid CEO of 2007" ($81.3 million total compensation), just to name a few.

Today's he's just "the guy at the helm" when the Merrill ship went down... another high-profile financial that bloodied its fingers in subprime and paid the price.

Thain has been accused of misleading investors over a span of months as Merrill took hit after hit, insisting the firm was well-capitalized. Among Thain's now-infamous quotes during his company's historic swan dive:

√ "We're very confident that we have the capital base now that we need to go forward in 2008." (January 18, 2008 -- quoted by the New York Times )

√ "...Today I can say that we will not need additional funds. These problems are behind us. We will not return to the market." (March 8, 2008 -- France's Le Figaro newspaper)

√ And by July 18, 2008, after Merrill Lynch wrote down $9.4 billion and sold a 20% stake in Bloomberg, Thain said, "We believe that we are in a very comfortable spot in terms of our capital."

Truth was, the company was writing down $5.7 billion more and wanted to offer $8.5 billion worth of shares. And here's the kicker. Just recently, Thain redefined the "performance-based bonus" by lobbying (unsuccessfully) the Merrill board for a cool $10 million... by actually insisting that he saved a fortune in shareholder money... simply by selling the company to Bank of America.

(That's the same kind of delusion leaders of Detroit's Big 3 must've been under... after flying into Washington by private jet to beg for a bailout.)

Of course, much of Merrill's wreckage was left behind by Thain's predecessor, Stanley O'Neal ... who may have played a bigger part in helping take down one of this century's storied Wall Street firms...

In 2006, with O'Neal at the reins, Merrill's revenue and earnings soared. And it looked as if Merrill's aggressive move into the mortgage industry was paying off well... until it began to speed its hunt for mortgage riches by trafficking complex and lightly regulated contracts tied to mortgages and other debt, ahead of the subprime collapse.

By 2007, mortgages started to fail, debt ratings on CDOs were cut, and any firm holding toxic products became locked in a downward spiral. Merrill was one of them.

"...Today I can say that we will not need additional funds. These problems are behind

us." -- John Thain

By 2007, mortgages started to fail, debt ratings on CDOs were cut, and any firm holding toxic products became locked in a downward spiral. Merrill was one of them.

Merrill would soon shock investors with a $7.9 billion writedown because of its CDO exposure, resulting in a $2.3 billion loss... the biggest in the company's 93-year history.

Worse, O'Neal had promised that the $1.3 billion acquisition of First Franklin, a subprime mortgage lender, would provide "revenue velocity" and that it would add to earnings by the end of 2007. Neither happened. Then, he approached Wachovia, without consulting the board, about a merger -- a monumental "no no" for any CEO.

In October of 2007, as the subprime crisis swept through the global financial market, O'Neal threw in the towel and resigned.

Here's how Bloomberg neatly summed up the fall of Stan O'Neal:

"Losing a lot of money for shareholders is the surest way to end a career on Wall Street." (Another valuable reminder for shareholders everywhere: When it comes to Board-approved corporate pay structures, your votes count. Otherwise, it's called "complicity.")

Golden Parachutes:

John Thain: A swank new title: President of Global Banking, Securities and Wealth Management at Lehman's rescuer, Bank of America. Stan O'Neal: A position on Alcoa's Board of Directors, after looting Merrill's stash to the tune of a $161.5 million compensation package.

How We Played 'Em To Profits:

While we didn't play Merrill directly, we did trade on its backlash... with an average gain of 115.7% on 9 trades, including Lehman Bros., Morgan Stanley and XLF, the Financial Select Sector SPDR ETF.

Public Enemy #10: Hank "Crony Capitalism" PaulsonOutgoing U.S. Treasury Secretary; Past Chairman and CEO, Goldman Sachs

His Crimes:

Back in 2000, when Paulson was CEO of Goldman Sachs, he testified in front of the Security and Exchange Commission. Among other things, Paulson lobbied the SEC to enact a "change to self-regulation" for Wall Street.

He also urged them to change the "Net Capital Rule," which governed the amount of leverage investment banks could use. In 2004, the line between government and Wall Street would get even blurrier, as the Net Capital Rule officially changed... and is now blamed by many for the investment banks' collapse.

A few years later, as the housing market began to unravel, Paulson would prove the government couldn't see what was coming... unleashing a string of misguided soundbites:

√ April 2007: "We've clearly had a big correction in the housing market. Retail housing was growing for some time at a level that was not sustainable," Paulson said in a speech to The Committee of 100, a business group in New York promoting better Chinese relations.

√ May 2007: "Well, let me say this. As you've pointed out, we've had a major housing correction in the U.S. The U.S. economy had been growing at a rate that was unsustainable and, in housing, it had clearly been growing at a rate for a number of years.

...That correction was inevitable; that correction has now been significant. We think it is near the bottom. It will take a while to work its way through the system. Fortunately for us, we have a very diverse, healthy economy. There are other things that are positive that are offsetting that."

√ August 2007: Paulson reported he failed to see any reason to reconsider his view that the economic damage from the housing correction was "largely contained," despite losses in a number of financial institutions and a long period for subprime issues to move through the economy.

√ October 2007: "I have no interest in bailing out lenders or property speculators... I can't think of any situation where the backdrop of the global economy was as healthy as it is today..."

Then a slight concession...

"We're not proud of all the mistakes that were made by many different people, different parties, failures of our regulatory system, failures of market discipline that got us here," Paulson said in an interview on Fox Business Network.

Truth is, Paulson's got no playbook for this financial crisis.

He's simply making it up as we go along... because there's nothing in history -- not even the Great Depression -- that he or anyone else can draw from... to figure out the best next step.

Here's how Wikipedia sums it up:

"...It has been pointed out that Paulson's plan could potentially have some conflicts of interest, since Paulson is the former CEO of Goldman Sachs, a firm that may benefit largely from the plan. Paulson has no direct financial interest in Goldman, however, since he sold his entire stake in the firm prior to becoming Treasury Secretary, pursuant to ethics law. Despite this, opponents argue that Paulson remains a Wall Street insider and still maintains close friendships with higher-ups of the bailout beneficiaries. The proposed bill would give the United States Treasury Secretary unprecedented powers over the economic and financial life of the U.S. Section 8 of Paulson's original plan stated: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." After the passage of this bill, the press has recently reported that the Treasury is now proposing on using these funds ($700 billion) in other ways than was originally intended in the bill."

Nevertheless, We Leveraged Paulson's Failure To Anticipate the Fall-out in Housing & Lending... Into Our Own Personal Wealth:

"I don't see [subprime mortgage market

troubles] imposing a serious problem. I think it's going to be largely

contained." -- Hank Paulson

Here are some of our biggest gains, realized by buying put options on soon-to-plummet housing and lending stocks:

Fremont General September 2007 12.50 puts -- earning 291% gains in 16 days: A rebound to $14.50 gave us an attractive entry point, as W%R (Williams % Range indicator) showed extremely over-bought conditions. We played FMT downside four times, as the stock would soon fail... and become yet another victim of subprime. We played it again on February 2007 news that it would delay 2006 results and a 10K filing.Lennar January 2008 25 puts -- 279% in 40 days; Pulte January 2008 15 puts -- 224% in 40 days, and Centex January 2008 25 puts -- 207% in 40 days: July 2007 rumors that Buffett would take a stake in homebuilder Hovnanian jettisoned the housing sector. But that would mean that Buffett actually saw value in homebuilders, which simply didn't exist... not with foreclosures up 87% year over year... not with glut forcing down prices... not with housing contraction... and especially not with money continuing to flow out of homebuilder stocks.New Century January 2007 25 puts -- 214% in 16 days: Given its exposure to toxic mortgage debt, we anticipated an eventual bankruptcy filing for this $39 stock... and we were spot on. Two days after our initial put buy recommendation, New Century plummeted $9. The company posted a surprise loss, and announced it would have to restate Q1, Q2 and Q3 2006 numbers to correct accounting errors. When New Century was foolishly upgraded by Bear Stearns on March 1, 2007, we bought more puts... and waited. Shortly after Bear Stearns upgraded the company, New Century announced it was the target of a federal criminal inquiry into the accounting and trading of the stock.

 

But Where the Finger Pointing Ends... the Profit-Taking Begins

You see, it doesn't matter who ends up in some minimum-security country club prison... or who gets railroaded out of Washington or Wall Street... or who continues unabated to wreck our financial system.  

...Because our small group of investors is going to continue taking gains to the bank, each time another domino in the crisis starts to fall.

Here's what I mean...

As Countrywide CEO Anthony Mozilo spewed one boldfaced lie after another -- driving the company into the dirt -- one group of investors made an aggressive move, at just the right time.

I'm talking about my Options Trading Pit readers, who had the opportunity to collect a 203% profit in just a matter of days on Countrywide... all by using our powerful Wall Street Revenge trading strategy.

And then there's Hank Paulson. Frankly it's a chore just keeping up with his gaffes. And now he's throwing some $700 billion at the wall... while ruling out any oversight AND granting complete immunity from future review.

But make no mistake -- we've played Paulson's housing and lending miscues into triple-digit profits... Gains like 291% in 16 days... 141% in 4 days... 136% in 13 days... and 111% in just two days.

And how about Lehman Brothers' Dick Fuld and Erin Callan, and their multi-billion-dollar smoke-and-mirrors campaign? While Fuld, Callan and other Lehman brass face heat from the Fed, our investment group is counting the money made in just a period of days... having walked away with gains of 95%, 49%, 188%, 208% and 135%.

And yet, what's about to happen -- in no more than 3 months' time -- will make all these gains seem minuscule by comparison...

"Doomsday Shockers" # 1-3 Here's How the Next Round of Profits Will Go Down

Doomsday Shocker #1:   Hold onto your seats, because part two of the housing-credit crisis begins in April 2009. So you have to ask yourself... Will you be well-positioned for it, or will you be sitting with the sheep in the wolf's den?

You see, Alt-A loans were given to borrowers with credit score between 600 and 720 and included the option of interest only loans, option ARMs, and no doc loans that require little or no documentation. What's particularly concerning is that 90% of these borrowers that got an Option ARM in 2006 provided little or no documentation. And it's estimated that only 60% of them make minimum payments.

This will spark round two of the crisis, as waves of foreclosures wash out what's left of the banks, lenders and homebuilders that are left standing. Trust me, more banks will fail... and we'll be right back to square one in the financial crisis... with not a financial bailout dime to spare. And, just like before, the Options Trading Pit team will be capitalizing with major profits in put options... gains we expect will range from 100% to 200%.

Doomsday Shocker #2:   Think Round One was tough on the homebuilders? You ain't seen nothin' yet. Homebuilders, especially the big luxury builders, will fall the hardest -- and the quickest -- as foreclosures mount and glut builds. Need proof? Kimball Homes just filed... so did Dunmore Homes and Woodside Homes. They couldn't handle any more of the pressure, and neither can some of the biggest builders.

It's just a matter of time. In fact, we're only a few months away from this wrecking ball. And we'll jump on each profit scenario at precisely the right time... showing you the way to score massive gains, week in and week out.

Doomsday Shocker #3:   Credit card debt's starting to resemble the mortgage debt problems at the core of our financial meltdown. And the last thing the financial sector needs to feel is further squeeze, as Americans have accumulated some $970 billion in revolving consumer debt since the end of September 2008, up 3.4% from the close of 2007.

Sure, the credit card industry is typically resilient during our economic slowdown, thanks to pricing flexibility. The prevailing premise has been that -- as the economy sours and consumers become late on payments -- credit companies can boost earnings through late fees and higher interest rates. But consumers are tapped dry. Defaults are growing. Charge-offs has been pushed well beyond expectations. And losses are far outpacing

"Hey Ian, I have been watching on the side lines for a while now and finally pulled the trigger on American Express. This was my first options trade and I bought in at $2.50 and exited half the next day for $4.00. I have been banging my head against the wall for years trying to make money in the markets and I'm happy to finally settle in to a winning process. Thanks for your hard work." -- Corey"

Sure, the credit card industry is typically resilient during our economic slowdown, thanks to pricing flexibility. The prevailing premise has been that -- as the economy sours and consumers become late on payments -- credit companies can boost earnings through late fees and higher interest rates. But consumers are tapped dry. Defaults are growing. Charge-offs has been pushed well beyond expectations. And losses are far outpacing what companies were hoping to account for with extra card fees and higher interest rates.

Bottom line:   Each of these 3 "Doomsday Shockers" are about to go down, one by one. The global financial crisis is ensuring it. And each shocker will trigger a series of trades with unfathomable profit potential... opportunities not likely to be seen again in our lifetimes.

The timing on these trades, of course, must be perfect. And that's where we excel... to the tune of a 68% average return on closed trades. And we're doing it in an average of 10 days.

So when the opportunities arise to profit -- from financials and homebuilders to credit cards and auto maker and service companies, the Options Trading Pit crew wastes no time getting to the goods.

Downside, Upside... It Doesn't Matter. Our Readers Are Making a Mint on Both Sides of the Market

 It all happens by getting in ahead of the curve...

In fact, during one 66-day run, we recommended a series of quick-hitting "put" and "call" option trades... positions that closed as a cumulative gain of 927.48%. And it occurred during a stretch when the Dow Jones Industrial Average plummeted a whopping 31.8% -- down from 11,600 all the way under 8,000 at one point!

Here's a quick snapshot at some of our profit plays:

Lehman Brothers January 2009 10 put: 95% in a dayLehman Brothers January 2009 10 put: 49% in a dayVisa June 80 call: 74% and 80% in 5 daysCurrencyShares British Pound 177 put: 26% in six daysRadian Group November 2.50 call: 58% and 75% in 10 daysLehman Brothers January 2009 10 put: 208% and 135% in four daysMorgan Stanley January 2009 25 put: 71% and 10% in two daysAIG January 2009 5 call: 125% and 100% in 12 daysiShares Emerging Markets 32 put: 71% and 157% in six days

And with the 3 "Doomsday Shockers" just around the corner, we're already primed and ready to pounce on the profits... with a strict stop-loss strategy to drastically curb risk.

Now listen, we charge $799 per year for this service. (Many of our readers have made their money back well before even getting their credit card statement in the mail.) But if you were to compare our track record with other leading trading services, you'll assuredly find Options Trading Pit produces more winners... at a fraction of their costs.

I could go on all day. After all, I've been making fortunes for investors like you for years. Today, the economic challenges we're all facing have presented us, remarkably, with the trading opportunities of a lifetime.

I urge you to take advantage of them, starting right now, by joining the Options Trading Pit .

Now I can promise you two things:

1. No investment advisory will work harder to put money in your pockets during this prolonged financial crisis... safely and consistently.

2. We won't be able to hold the low price of Options Trading Pit beyond this month. The overwhelming success of our service requires that we take on additional staff in order to continue making our readers the kinds of gains to which they've become accustomed.

Fact is, while Wall Street wrangles through regulatory red tape over the next few years, we'll be maximizing every single profit opportunity -- week in, week out -- on both sides of the market.

All you have to do is click the subscribe button below to get started.

Here's to making all your money back... and then piling it on,

Ian CooperInvestment Director, Options Trading Pit

 P.S.  Trading options -- investors everywhere are learning -- is the best way right now to both protect your money... and make more of it. In fact, the Chicago Board Options Exchange just reported a record total options volume of 1 billion in 2008... a full 25% jump from '07.

Right now we're knocking out 68% average gains on our winning trades, so don't wait another minute to join in the profit taking. Become an Options Trading Pit member today .

You can view the HTML version here: Criminals of the Financial Crisis

Wealth Daily , Copyright © Angel Publishing LLC . All rights reserved. The content of this site may not be redistributed without the express written consent of Angel Publishing. Individual editorials, articles and essays appearing on this site may be republished, but only with full attribution of both the author and Wealth Daily as well as a link to www.wealthdaily.com. Your privacy is important to us -- we will never rent or sell your e-mail or personal information. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Wealth Daily does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. The publisher, editors and consultants of Angel Publishing may actively trade in the investments discussed in this publication. They may have substantial positions in the securities recommended and may increase or decrease such positions without notice. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question.

"Just a quick note to say THANKS!! I closed out the second half of XJZMM with a 100.14% gain after 9 days. I pulled the trigger a bit early and missed out on the last hour today, oops. I also closed out QAVMD with a 69.2% gain. In just a month I am 6 for 6." -- Henry