Posted on 09/18/2008 5:36:14 PM PDT by RKBA Democrat
“We’re the goobermint, and we’re here to hep you all.”
“If you bureaucrat dweebs and congress critters want to hep me, then leave me and the friggin stock market the f*ck alone. And BTW, stop nationalizing every damn failing company that comes along.”
Lately the goobermint is like a nasty annoying mother-in-law, who has moved into your house and almost taken over every aspect of you life, and you can’t figure out a way to get her the hell out.
Right. Bush errs and it could cost about $500 Bil when all is said and done. Obama in the WH rubberstamping everything a liberal Democrat controlled Congress sends his way will probably cost $500 Bil per year from then on.
But Obama wants gov’t to be “cool” and he has some celebrity friends.
I’m pissed at Bush, but the alternative looks a hell of a lot worse.
There is no upside to this. The market and the economy is in crisis and instead of maintaing a free market we are resorting to Socialism. What is happening today would make FDR blush.
As for me I am outraged when our nation nationalizes industry no matter what party is in power.
My complaint is that the feds are changing the rules day by day, as they choose, without notice to the market participants (or at least notice to the "little" participants - lots of mysterious recent action can be explained by those "in the know" having acted on early information about changes to be announced to the general public). We have a severely rigged market, being more so by the day. I'm 3/4's of the way out, soon to be 100%. Do not know what to do next, but the "capital" market in this country is so rigged and subject to arbitrary and insider driven rule changes, and almost frequent, hourly 100% drops and/or increases in stock prices with no fundamental change, (see MS today) that one cannot "invest" in it based on rational analysis of the business as presented.
WHOLEY $HIT
Could you elaborate a bit?
The problem is not with short selling per se. It is with naked short selling where a hedge fund floods the market with more shares than there are legitimate sellers.
First: The settlement isn't till three days later at best and is often by a FTD (Failure To Deliver which is an IOU which simply enters the system as if it was a real share of stock).
Secondly: and in any event, the offering of a flood of naked shorts (which are undetectable as they enter the system, drives the supply of 'sells' up and the price down. Then, of course, if the settlement occurs the missing phantom stock share can be bought for pennies on the dollar.
You might be interested viewing this quicktime speech-slide presentation here which explains this and related matters in detail.
BTW and one of the things that you may not know, is that of the side effects is for some corporations as also explained in the presentation, is there are now so many phantom shares that the overage is numerically more than some close proxy vote numerical differences.
“Good. Now make it permanent.”
Why shouldn’t somebody be able to benefit from a falling stock price if that person discovered the stock to be overpriced?
Yup VERY Third World
“To me a NSS is the same as selling my MickeyD franchise to someone without buying it from me first, no risk to you and I loose my business”
Not even close. How is there no risk to the person shorting?
The book Atlas Shrugged.... Ayn Rand In a nutshell. the machine of the world stops working, Atlas shrugs the world off his shoulders and it devastates everyone but a select few.
“My complaint is that the feds are changing the rules day by day, as they choose, without notice to the market participants (or at least notice to the “little” participants - lots of mysterious recent action can be explained by those “in the know” having acted on early information about changes to be announced to the general public). We have a severely rigged market, being more so by the day.”
You hit the nail on the head. The small investor without the same access to information doesn’t have a way to win in a rigged game. This is a very bad move on top of several other bad moves recently.
brokers have the shares on hand and borrowable to short legally
point, as long as it’s real money and stocks, short and long should both be options
http://www.google.com/search?hl=en&q=%22end+times+reductionism%22+overtime+collapse
Though FR tends to be more statist/Hamiltonian than I would like, it's remarkable that both sides of such a great debate can be claimed under the FR banner. Yes, the Constitution is great, but also the Anti-Federalist warnings were right, too.
Now, we have a large portion of the population who reject both sides, and all of what the founders set up.
I'm sorry to say that Benjamin Franklin would realize that sun he saw is now setting, and the Republic has not been kept.
The only thing that is certain is that the era of the unbridled free-market economy in the US has passed -- at least for now. The near nationalization of AIG, America's largest insurance company, with an $85 billion cash infusion -- a bill footed by taxpayers -- was a staggering move. The sum is three times as high as the guarantee provided by the Federal Reserve when Bear Stearns was sold to JPMorgan Chase in March.
Why is it any politician, democrat or republican, can't resist spending my money.
This looks like a move to save Wachovia and Morgan Stanley.
Oi. I can’t argue.
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