Beware of Assurances... says Nick Barisheff... provides 18 quotes from governments & "experts"..."investors need to make wise, informed decisions, stop being complacent, & avoid following the false assurances of politicians & financial experts"...

12. “Later this year, I expect growth will pick up.”
– Henry Paulson, just after Treasury had mailed out 130 million economic stimulus cheques [May 2008]

13. “Fannie Mae and Freddie Mac are fundamentally sound. They're not in danger of going under.... I think they are in good shape going forward.”
– Barney Frank, chairman of the House Financial Services Committee [July 2008]

14. “My own belief is if we were going to have some sort of big crash or recession, we probably would have had it by now.”
– Canadian Prime Minister Stephen Harper [September 2008]

15. “We're probably somewhere pretty close to a bottom.”
– Fund manager Barton Biggs [September 2008]

16. “The fundamentals of our economy are strong.”
– US Senator John McCain [Sept 15, 2008]

17. “We remain committed to examining all strategic alternatives to maximize shareholder value.”
– Lehman Bros. CEO Dick Fuld, shortly before Lehman went bankrupt [Sept 2008]

18. “It’s a huge bull market rally.”
– Jim Cramer, CNBC [June 2009]

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