Welcome to FinancialEndTimes.com. My name is Danny Piecora, a business operator in Washington State. This website, established July 4, 2008, was created to help the average American understand the who, how, what and why of the financial crisis.
Since 2001 the United States and much of the world has enjoyed Seven Years of Plenty, similar to the Biblical story of Joseph in the Book of Genesis. Now, the US is in for its seven years of famine, but this is not to be a famine of food, but of money. Lacking a wise savior, like the Joseph figure who had wheat stockpiled as reserves for the years of famine that he discerned was to come, America is about to enter into a period of trials and tribulations that will not only challenge the folks at home, but America’s interests overseas.
IN THE NEWS
July 28, 2008 USA TODAY Forget About A Bailout “Let Fannie Mae and Freddie Mac fail. They deserve it. Incompetence rules the mortgage giants. Wind them down before U.S. taxpayers get stuck with their debt. If it were not for Tweedledum and Tweedledee buying half the mortgages out there and then packaging them as securities for the gullible to buy, there would be no mortgage/financial crisis.”
4/7/08 Seattle Post Intelligencer The Money Squeeze: Grab a slice of pizza to grasp economy’s woes “Beat the recession!” the flier advertises with glee. Piecora predicts another Great Depression. ‘I follow all this real closely, the yen versus the U.S. dollar, the great credit crunch, hedge funds and credit-default swaps. … This mess has just started,”‘he said.”
8/17/07 Puget Sound Business Journal, Shovelfuls of money “Applications for redemptions by hedge fund investors are closed after Aug. 15 for Sept. 30 paybacks from the tottering megafunds that are collapsing one after the other. Will über-investors be able to redeem the market calls? Will it be “The End of Hedge-World — and Wall Street — as we know it”?
8/14/07 Seattle Times, The message: Locals aren’t important: where to park the money “Flooding the financial system with “liquidity” to wash away the recklessness of bankers who helped leverage corporate buyouts for these market manipulators is tantamount to another paycheck deduction from every single American worker who is making an honest buck.”
You can contact me at:
Piecora’s NY Pizza – www.piecoras.com
1401 East Madison Street
Seattle, WA 98122
Phone: (206) 595-8702
Fax: (425) 822-5319
Here’s an excerpt from a recent article about my business and RegFair in the Seattle Post Intelligencer: (click on picture for full P-I article)
“ It’s not all fun and games at Piecora’s. His battles with bureaucracy over the years have earned him a position as the state’s only Small Business Administration regulatory fairness board member, making him a liaison between businesses and the federal government. His term started in June 2006 and ends in 2009, but he hopes to extend it.Now, as one of 50 such board members in the U.S., he’s a savior of sorts for other business owners.Imelda Hamilton, president of Emerald City Pre-Pack in Puyallup, said Piecora is helping her solve a military contract dispute. “He feels that I have the right to really fight for this because he understands the law.”Piecora, who refers to government citations as “getting whacked,” said that being a New Yorker has given him the moxie to fight bureaucracy.“I’m very direct, and sort of confrontational, you know?” he said. “You have to be able to stand up for yourself, and if you can’t stand up for yourself, how can you stand up for others?”
Go here for the full Seattle PI article.
Please visit my personal web site for RegFair, www.FedAche.Com, and learn more about how the US Government can actually help small businesses cope with, and even triumph over, regulatory bureaucracy and unfairness.