Revolving Doors with SEC & Wall St and a few other facts

William Cohen (Investigative Reporter and author of House of Cards) announced on Bloomberg August 29th, that while Hurricane Irene raged, the SEC was destroying records and investigative files.  More than 9,000 files were destroyed involving investigations into Goldman Sachs, Bernie Madoff, Lehman Brothers and many others involved with Wall Street.  Cohen stated that there is a revolving door with the SEC and Wall Street.  He said there are 220 former SEC employees that now work on Wall Street.  He said this is unhealthy as they are totally beholden to each other.  Close the doors on the SEC and start over is Cohen's advice!

During the month of August, 5 Trillion was lost on global equities. (Reported on Bloomberg)

Norm Roubini said the US has 60% chance of going into recession. (Reported on Bloomberg)

I just thought you should know that now is a very good time to buy gold as it has dropped to $1821 oz.  Remember it is always good to buy on the down slope.  It will go up again soon enough.  Protect your money by investing in gold.