Posted on 10/14/2008 5:27:16 PM PDT by Winged Hussar
The SEC has been issuing subpoenas for an investigation into rumor-driven market manipulation. Of course, Harry Reid stood up in broad daylight to talk about a troubled insurer "with a name that everyone knows," so his contribution was merely obtuse. And predictably destructive. The steep drop in the share prices of insurance companies Thursday destroyed wealth for uncounted middle-class investors holding onto stock in companies still considered healthy.
...It calls to mind Senator Chuck Schumer's public suggestion in July that troubled IndyMac Bank "could face collapse." (http://online.wsj.com/article/SB121607771017452513.html) It did, after a deposit run. Senator Schumer said criticizing his action was akin to blaming "the fire on the guy who called 911." The nation's shareholders would sleep better at night if some Members of Congress enrolled in Arsonists Anonymous.
(Excerpt) Read more at wsj.com ...
I’ll cry havoc for you, Harry.
Elections have consequences. If we controlled Congress, we would own the ethics committee and bring these folks up on investigation, instead, it will be overlooked. How is that ‘teaching Republicans a lesson’ working again?
I own 300 shares of Prudential Financial. When Reid made that comment it was worth 72 a share the day before Harry blabbed. Day before yesterday it was 33. Thanks Harry
Bump
Let's all keep slamming McCain and feel self righteous because "We voted our conscience!"
FMCDH(BITS)
Send him the bill. Write it up all official looking and mail it to his office.
Yes to both. He tried scuttling the war in Iraq by comeing out and declaring "the war is lost", ala Walter Cronkite.
Harry Reid is a CRIMINAL. He should be tried and sentenced before the election.
I think we should check to see if he has some undisclosed investment in a hedge fund that was shorting insurance companies....
If somebody was willing to set up a group to swift-boat him, I’d kick in some cash.
Well, we know the dems needed the economy in the tank by November, they love power more than they love America uhh... let me think...YES!
The Dems are reprehensible, and includes the head Dems and their boy wonder.
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