Channel: News & Politics
Uploaded: July 26, 2008 at 6:31 am
Author: AnonymousBChurch
Length: 01:50
Rating: 2.40
Views: 1350
Bear Stearns melted down in March and has disappeared inside JPMorgan Chase & Co , Merrill Lynch absorbed more than $40 billion in write-downs and rushed into the arms of Bank of America, and Lehman Brothers is being sold for scrap after it declared bankruptcy on Monday.Now investors and analysts worry whether even the largest securities firms, Goldman Sachs Group Inc and Morgan Stanley, may be vulnerable as markets lose confidence in the financial foundations on which investment banks are built."It does reasonably lead you to question whether Goldman Sachs and Morgan Stanley can survive. I think that's an increasingly reasonable question to ask," said Les Satlow, a fund manager at Cabot Money Management in Salem, Massachusetts.That uncertainty was reflected as shares of Goldman sank 12 percent and Morgan dropped 14 percent on Monday, the day Lehman filed for bankruptcy and a day after Merrill agreed to be acquired.For Goldman, which is expected on Tuesday to report its worst quarterly results since going public in 1999, it was the stock's biggest one-day drop in eight years.Morgan Stanley, which has been shedding assets since an embarrassing fourth quarter loss last year, likewise will be under pressure to show its house is in order when it reports results on Thursday.It's too late to pray. God Almighty is not listening any further to their prayers. But thou shalt say unto them, this is a nation that obeyeth not the voice of the LORD their God, nor receiveth correction; truth is perished and cut off from their mouth. Jeremiah 7:28Why would you ask God to bless America, a nation that hates Him, and spits in his face everyday? They do not remember His blessings, they do not speak of the blessings He gave them from their youth. He gave them riches, He gave them power. But they don't remember this, they are too greedy, too proud. They don't need God anymore, they can do whatever they want to do. They don't want to obey His commandments, they don't want to obey His laws, they want to do what they want to do.These false preachers have told them that God loves them. They have no fear of Him. There is no more time to repent. The cup of their iniquity is almost full, almost overflowing. The LORD is coming and His wrath will be upon them, and they will all be in hell.Therefore pray not thou for this people, neither lift up cry nor prayer for them, neither make intercession to me, for I will not hear thee. Jeremiah 7:16It's too late to pray, God's not going to listen to you any further. Even if Noah or Daniel or Job was here with us today, praying to God for them, He wouldn't even listen to them, and they were wise and great prophets in their time. Not even for any infants would He listen.Then said the LORD unto me, though Moses and Samuel stood before Me, yet My mind could not be towards these people. Cast them out of My sight and let them go forth. Jeremiah 15:1It's Too Late To Pray