UCBI Stock

[AskTheWiseOldMan]

Normally, there are two ways bank holding companies raise capital - by withholding dividends or issuing more stock. Either way the dilutive effects hurt the shareholders. In this case, the shareholders-at-large, who've already lost much of what they've invested in this group, aren't going to put up with much more and some would just as soon see a trustee/receiver appointed by an out-of-the-area judge.

[sometimeman]

Before looking at some of the startling information behind how the "Illuminati banksters" create money out of thin air, ask why the 1968 Minnesota Trial Court's decision holding the Federal Reserve Act unconstitutional and void and holding the National Banking Act unconstitutional and void was never appealed or vacated?

The answer is even the legal manipulators and corrupted high court judges can't get around this decision, figuring it better to just let the case of the First National Bank of Montgomery v. Jerome Daly die in the cold Minnesota snow along with Justice Martin V. Mahoney who was found suspiciously poisoned to death six months after he issued the ruling that exposed the illegality of what has been called the Queen of England's illegal banking scam.

This decision, which is still good law, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National and State Banks to void.

According to legal scholars and Bill Drexler, who worked on the case with Judge Mahoney, "This amounts to an emancipation of this nation from personal, national and State debt purportedly owed to this banking system. Every True American owes it to himself/herself, to his or her country, and to the people of the world for that matter, to study this decision very carefully and to understand it, for upon it hangs the question of freedom or slavery."

Saying this was the most important jury decision of modern times, Drexler who was present in the Minnesota courtroom the day the decision came down, added:

The banker testified about the mortgage loan given to Jerome Daly, but then Daly cross examined the banker about the creating of money "out of thin air," and the banker admitted that this was standard banking practice. When Justice Mahoney heard the banker testify that he could "create money out of thin air," Mahoney said, "It sounds like fraud to me." I looked at the faces of the jurors, and they were all agreeing with Mahoney by shaking their heads and by the looks on their faces.

"Both Jerome Daly and Justice Martin V. Mahoney are truly the greatest men that I have ever had the pleasure to meet. The Credit River Decision was and still is the most important legal decision ever decided by a Jury."

[sometimeman]

Anatomy of a bank failure: When the liquidators come calling
It isn't easy for 75 federal officials and contractors to slip into a small town undetected and liquidate an 89-year-old bank without anyone knowing. But that's what just happened in this old railroad town, population 3,200. It's a scene that's likely to repeat itself across the country as banks struggle through a painful credit cycle, overwhelmed by troubled mortgages and soured construction loans.
Posted Jun 29, 2008 10:54 AM PST
www.charleston.net/news/2008/jun/08/anatomy_bank_failure_when_liquidators_comes_callin/

[AskTheWiseOldMan]

Its down again today and I'm baffled that there isn't an uproar about this. Its a much bigger news story affecting far more people than the Meredith Emerson case ever did and by any standard should be front page above the fold in every local paper across North Georgia.

The local media are destroying lives and businesses - and are cutting their own throats - by not reporting it. The public is acting with the silence of lambs. Its doesn't take a genius to understand that UCBI failure will take out the economies of Union, Towns, White and Fannin with it.

This isn't just about the general economic downturn. It's the business equivalent of cheating one's way through school and not having the knowledge to pass the final. Unless there is an immediate public outcry demanding the resignations of those who got this bank into such trouble through poor business practices and cover-ups, there won't be any newspapers because there won't be any advertisers.

[sometimeman]

I don't understand either why people put up with their money being stolen?

Years ago, when Regan deregulated the Savings and Loans Banks,
down in south Georgia in Thomasville, the folks there made fictitious loans and robbed the bank from the "inside". Some of you may remember the boyz Attorney told them, some one has to got to jail.
The banker crooks drew straws to see which one would take the blame. The fellow that lost did 2 1/2 years in the pen, his wife drove around in a Mercedes and he came out with 3 or 4 million dollars for his time spent in the pen!

[sometimeman]

Not a bad idea Mr. Bubba.
Buy something with it before The purchasing power will melt away like a kids ice cream cone does before he can lick it up.

Maybe precious metals, silver gold?

[AskTheWiseOldMan]

Jul 1, 2008 16:49:20 GMT -4 bubbadebubba said:

There are a couple of major stock-holders in Blairsville. When the stock was high one of them had appox $100 million in the stock. With the price down at around $8.50 now their portfolio has dropped to around $30 million.

I would expect they are very upset with the stock now and what's happening with the bank.

You know, I almost posted on here that $9 is the time to buy as it just cannot go lower .... I would have been wrong.

[AskTheWiseOldMan]

At 11 a.m. this morning, the FED announced a "crackdown on shady lending schemes." From 11a.m to noon, UCBI shares responded by losing more than 11% of what little remained of its market price/share.

biz.yahoo.com/ap/080714/fed_mortgage_crisis.html

[summerose]

Sure am glad i don't have any stock in UCB!

[nikita04]

Me too.

What's UCBI stock today?

[ana]

$7 or $8

[bessie]

I jest aint never seed that kinda stock. We done got us 3 horses, 35 head a cattle, 12 sows 3 boars an a bushel a littl'uns. That don't count the barn cats theys 8 r 9 of them. Paw's done got him 5 of the purtiest blue tick hounds you ever did see. My chicken coop is a runnin over, I reckon I have to git one of them thar permits papers jist so I can make my hen house big enouf fer all my hens.

[AskTheWiseOldMan]

The stock price has been on the rise lately ... But then I read where they've had to enter a loan agreement to borrow $100 Million to stay afloat and took $30 million on it in the past few days.

This sounds very ominous. Does anyone have any other information on this?

[ana]

WOM, I don't know any particulars, but I have heard the mumblings that things were picking up a bit. I tend to think that the safest stock this day and time is the kind that Bessie has invested in. I may have to take to farming.

[shortcircuit]

$12.30 a share today. Now might be a good time to buy, then again it might be a good time to sell also!