Posted on 09/29/2009 3:13:06 AM PDT by Scanian
As one old-timer said soon after the ‘87 crash when somebody mentioned that Wall Streeters were such “brilliant” guys: “Are you kidding? This is all they can do. If you shut down securities trading, they’d be on street corners playing 3 card monte.”
My son’s High School newspaper ran the headline “Not the Change We Were Looking For”! LOL! High Schoolers have figured it out!
We all knw that if his color scheme were different, or if he were a Republican, he would have been dragged through the mud long ago.
Indeed- and Valerie Jarrett has already brought us Van Jones and God only knows who else. Her leftist roots are deep and far reaching. That he is relying on her for policy in this nightmare is telling.
It is the same. Worse really. Look at how Obama handled the $13 billion payout to GS. It went via AIG. Obama sent out his ACORN/Working Families people to protest at AIG execs homes in Fairfield county to distract from where the big money—billions—was going. Gasparino has been very upset over the public sentiment toward GS and JPM. He’s helping them out with this article...attempting to tell everyone that no....GS and JPM aren’t running Obama...he’s not doing what they want...he’s on OUR side...
yeah right..
"Welcome to the party pal." ...Someone cue John McClain (picture needed)
Don't these companies have boards of directors? How can a boards of directors keep such incredibly stupid people in positions of authority?
Why would moderation be what was needed? I don’t understand that mindset for Wall Street. Conservatism works best in every arena I thought.
You in bed with the dogs you’ll wake up with fleas.
Ya have to wonder just how many stupids voted for this ass clown just because he has a pretty smile?
No, it is because they are infected with the same elitism as the politicians in DC are infected with. They think they are smarter than everyone else so when people start saying things that go against what they think, they ignore it and in some cases actually get mad about it, "How dare they tell ME what to think, peasants!"
Fleas can be fixed.... hopefully before their disease spreads.
Burned by Obama: Wall St. execs feel betrayed
Welcome to knowing what it feels like to be an American.
vowing to curb runaway spending and restoring order to the banking system and the economy as a whole —
And they believed this crapola???? No wonder everything went swoosh down the tubes!
These people couldn’t find their butts with both hands apparently. Zero was NEVER a moderate. EVER. He told you he was going to fundamentally change things. He told you the rich were going to pay and pay some more and he told you what he was going to do.
What part of that did they not understand?
Ah yes, Valerie. The genius at providing pleasant, “affordable” housing to people in need. I’m sure we’ve all seen the photos.
As a money manager myself (not with a big firm - and one who didn't vote for this clown) the thing driving the market is liquidity. There is so much cash on the sideline that some of it coming into the market is what is driving this.
Amazingly, far more money has gone into corporate bonds in the last few months than into US stock funds.
A second reason: you can easily graph the fall in Obama’s ratings versus the Dow. They perfectly correlate inversely.
Charlie Gasparino, for those that watch CNBC, has been almost as negative towards Obama as Rick Santelli. To think he is carrying Goldman's and Morgan's water is laughable. He is critical of them as well, when it is appropriate.
I wasn’t in the stock market... until I saw it crash.
Then I put a big chunk of money in on AIG, Citigroup, and Bank of America.
Why?
‘Cause after the government bailed them out, it *AIN’T* letting them fail... not with that kind of money on the line. The political backlash would be catastrophic.
The government can’t control things any more without causing financial catastrophe (i.e. hyperinflation). You’re going to lose your butt.
Maybe they’re using all that stimulus money to stimulate the market until they decide it is time for another crash.
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