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The PORTAL Alliance Could Be the Destruction of Our Economy and We Don’t Even Know What It Is

Posted on | February 12, 2009 | 8 Comments

Bailout, Rescue Plan, Stimulus Package, Toxic Assets, Subprime Mortgage Crisis and Bad Banks are just a few of the buzz words the financial media has filtered to the American public over the last year.  On a daily basis CNBC, CNN, FOXNews, and many other media outlets continue to tell us about the “unprecedented” financial times in which we are living and what may have caused this disaster.  There is something that they left out that may very well be a huge part of the entire financial disaster: the PORTAL Alliance.

The PORTAL Alliance is “an open, industry-wide platform for the offering, trading and centralization of information in privately placed 144A Securities.”  The founding members of the PORTAL Alliance include:

  • Bank of America – BAC – down 86.65%
  • Barclays Capital – BCS – down 84.31%
  • Citi – C – down 89.89%
  • Credit Suisse – CS – down 53.42%
  • Deutsche Bank – DB – down 75.87%
  • Goldman Sachs – GS – down 54.77%
  • JP Morgan – JPM – down 38.1%
  • Merril Lynch – bought out by BAC
  • Morgan Stanley – MS – down 57.57%
  • UBS – UBS – down 73.03%
  • Wachovia Securities – WB – down 86.37%

Does anyone else find this list to be the who’s who of financial fall outs on Wall Street?  What makes this even more interesting is the fact that this “open platform of trading” was created in November of 2007.  To help illustrate how poorly this group of institutions has performed over the period of time since the inception of the PORTAL Alliance, the stock performance of each security is listed.

NASDAQ’s Chief Executive Bob Greifeld made the statement “We’ll have great growth stats in the years to come with respect to the volume of trading.”  Well, Bob, little did you know that the opposite would happen.  Is it possible that creating this alliance to trade $100 million investable assets amongst themselves is a large part of this economic crisis?  Why has there been no media coverage on this topic?

We will dive deeper into this subject in the days ahead…

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Government Bailout Up To $8,500,000,000,000.  Didn’t See That One Coming!

NASDAQ in February of 2000

Category: Investing, Politics
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Comments

8 Responses to “The PORTAL Alliance Could Be the Destruction of Our Economy and We Don’t Even Know What It Is”

  1. John Reilly
    February 12th, 2009 @ 7:45 pm

    Wow, Most impressive. I like it!

    TY
    http://www.anon-tools.us.tc

  2. Michael
    February 12th, 2009 @ 10:45 pm

    The hidden aim of these Illuminati controlled corporations has been to harm overseas interests more than they are harmed through the spreading of their toxic investments, thereby winning by maintaining control. The U.S. working class will also be disenfranchised and rendered powerless. Starving, homeless people present no challenge to these Robber Barons.They merely reduced the fiat dollars in circulation as they did in the first Great depression through their tool, The Federal Reserve.

  3. Will Banks Get Another Infustion of Capital? - Mortgage Rate News
    February 13th, 2009 @ 12:29 pm

    [...] our economy is floundering — and why it has been difficult for financial stocks to recover. Subprime Blogger has this on the PORTAL Alliance: The PORTAL Alliance is “an open, industry-wide platform for the offering, trading and [...]

  4. madelyn
    February 13th, 2009 @ 4:12 pm

    maybe there is even a bigger conspiracy out there and we are not privy to it yet. so if the taxpayers bail out the toxic (bad assets), it may never get out of its toxicity and never be worth anything which means we the taxpayers will be left holdingthe bag – again. like being screwed twice. once when we lost the value of our assets, now when we have to dole out money to bail out these banks. maybe we should allow the normal cycle to go thru – ie go under like everyone else and then start all over again from athe beginning – fresh. and this time, there should be regulations, rules, and policing of these institutions who are holding our wealth, whatever is left of it.

  5. Rayne St. Ives
    February 13th, 2009 @ 5:37 pm

    Naturally it has been carefully hidden, controlled and directed by the kinds of people who are least evolved and lower down the scale than Termites. It is deplorable that this greedy race of sub-humans must be descended from some loathsome bacteria that infected our Planet. Who and what are these creatures?

  6. Shawn
    February 15th, 2009 @ 8:24 pm

    Looks like NASDAQ is trying to disentangle itself from this: compare the stuff at http://sec.gov/rules/sro/nasdaq/2008/34-55669.pdf with http://sec.gov/rules/sro/nasdaq/2008/34-58638.pdf

  7. Shawn
    February 15th, 2009 @ 8:27 pm

    the 34-55669 link is incorrect; but the PDF is this:

    SECURITIES AND EXCHANGE COMMISSION
    (Release No. 34-55669; File No. SR-NASDAQ-2006-065)
    April 25, 2007

  8. Subprime Blogger / The Portal Alliance - The Demise of the United States Economy
    April 13th, 2009 @ 5:31 pm

    [...] in February, Subprime Blogger reported on an issue that many of you did not even know about: the Portal Alliance.  Comprised of the Who’s Who of who does NOT know how to run a bank, the portal alliance [...]

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