Maybe this will make Jim Kramer’s head explode.
In other news, Ferrari sales plunged....
The credit rating agencies should now downsize by 100% of their staffs.
...maybe they can pick produce or do other jobs that “Americans are not willing to do”. This could solve the “labor problem” they’re always spouting off about.
This was on the back pages of our student handbook in high school. Its funny but it was beaten into our heads for 4 years and most of the guys I know have never been "unemployed".
They might not have stayed at one job, but have always had "prospects". I think you should show your kids this....it can't hurt.
The best thing about this is that libs will hate it.
I would never deal with a Wall Street firm that has ‘Bear’ in its name.
ping
Excerpt:
Two days before the Federal Reserve stunned markets with a cut in the Discount Rate, governor William Poole said that nothing short of "calamity" would cause the bank to make an unscheduled change in policy. So do we now face calamity, or was Mr Poole being flippant?Stock market Geee Gaaaws getting you down? Experts recommend moving to safe havens and getting out of the way. Things will get worse before they get better. The lending fraud tape worm is eating away at our economy. But nobody wants to talk about what is really going on.All we know is that Japan's Nikkei index crashed 5.4pc overnight on Friday, and that the US commercial paper market seized up last week as borrowers failed to roll over $91bn (£46bn) in short-term loans.
We have hints that the request for the rate cut came from the San Francisco branch, so watch out for bank distress on the West Coast during the next few days. Source Here
Let's all hope Congress will have the stones to really investigate what is going on with all those garbage mortgage tranches. But don't hold your breath. Congress has been bought and paid for by the BIG tape worm. Check my posts if you are not doing so regularly.
Don’t be too surprised to find that some of these are coming in the the big boys compliance departments. Remember, at the end of July NASD and the regulatory part of NYSE merged, so now the big firms are only reporting to one SRO.
And I assure you, the compliance schlubs getting laid off were’nt buying Bentlys or Ferraris when they employed and the markets were booming. I can guarantee that...