If there is evidence of an attempt to manipulate/crash the markets, it should certainly be followed up.
My gut instinct tells me it’s not possible, but then again my gut has been wrong on a lot of things - like whether Americans still wanted to be a free people, or just wanted to ask the president for major appliances at press conferences like good little serfs.
sigh
Not only possible but it happened, the Banks got Sabotaged.
Its MORE than Possible. Its likely to happen again. All that money for 145$ a barrel oil going to the middle east... That came from people’s HOUSES, and CONGRESS is the one body that MADE it possible.
Obama should wear a red suit and a night cap at those things, and let them sit in his lap when they tell him what they wish for
Karl Denninger's saying there was a rumor in the pit this AM right before Geithner's speech that he would propose to abolish the Federal Reserve. At that point, all hell broke loose and the snowball kept rolling downhill all afternoon.
It is to the Fed's advantage to keep people in T-bills and out of the market. Keeps the interest rate low and when people are scared out of the market, they run to T-bills. There's a lot of debt to be financed.
Of course, there were quite a few short sellers who benefited from this rumor. Nasty rumors on the floor are supposed to be quashed and those who spread them are supposed to be unceremoniously removed. That didn't happen.
The begathon for appliances reminded me of this old TV show.
http://en.wikipedia.org/wiki/Queen_for_a_Day
It’s possible. Probable is more like it.
Multi billionaire Geo. Soros has shorted the British pound already. He has enough horsepower to do it, trust me!
How else do you explain this “crisis?” On Sept. 18, 2008 SOMEONE pulled $550 BILLION out of money markets and scared the crap out of Bush. This guaranteed a win for Soros’ dumbacrat buttboy Obama!