Ben Stein is the worst. Back then 2006 on FNC laughing at Schiff for predicting ‘doom’ but this Saturday in a panic he was crying (in a panic)that we were in a depression and that even Obama is not planning enought deficit spending required, “... to keep people alive!”
Some of those guys also have their agendas that are sometimes hard to sort out. Today’s WSJ has an article called, “Anatomy of the Morgan Stanley Panic” that explains how competitors spread rumors about MS and sold short in order to profit from Morgan Stanley’s demise. The culprits were: Merrill Lynch, Citigroup, Deutsche Bank and UBS AG.
Interestingly enough, perhaps Citigroup got caught in it’s own web of intrigue. But then, along comes Uncle Sam to lend a hand to the fallen “victim.”