Posted on 11/18/2011 6:48:33 AM PST by safetysign
and Ann Barnhardt should be on the GOP ticket
most of the govt officials should be in jail for the last few years.
http://www.youtube.com/watch?v=KBXe3Kvg-qU
Ann Barnhardt vs Mittens
http://www.youtube.com/watch?v=6xqtYkd2gCs
Ann Barnhardt versus Linsey Light-loafers Graham
Chairman of the SEC wouldn't be all bad, either...
Correct me if I got this wrong. She is saying the game is not only rigged, but so messed up that all the castles built in the clouds are crashing down.
Zombie Banks Drain Celente’s Account! (MF Global)
http://www.youtube.com/watch?v=HUqOlHe-1hs
Great video. Celente is cursing MF and John Corzine, wishing Corzine had died in his infamous car accident of a few years ago where he was not wearing a seatbelt
CELENTE EXPLODES and goes ballistic!
Uh...with such blatant thievery, total disregard for laws and a thumb-your-nose attitude by Corzine...the 'slammer' is too good for him. I would be much more satisfied seeing them tarred and feathered in public. If the system does blow up and chaos ensues, it may yet happen.
With what Corzine has sewn, jail time is not what he ought reap.
is she saying all the markets or just the commodities market
This is the most under-reported news story.>>>>>>>
Not just due to scumbag Corzine and his cronies stealing from clients accounts. Also due to the MF Global collapse rocking the system too much so toning it down
From the article: “There is massive industry-wide exposure to European sovereign junk debt.”
I interpret that to mean “all markets”.
Mike
Interesting discussion about the implications of possible “clawback” moves by a bankruptcy trustee. I believe the U.S. Federal courts allowed the IRS to be included in the “clawback” targets in the aftermath of the Madoff scandal, so a lot of Madoff’s victims are actually going to get tax refunds from the IRS.
She is 100% right about her appraisal of the current situation. I also work on Wall Street. What happened in the aftermath of MF Global going under was criminal. Though what is really bad is that it is just the tip of the iceberg. Just wait until Greece or another country defaults and all that default insurance has to be paid. With capital ratios as low as they are (and the fact that mortgage bonds are probably not being marked to market), this will make our banks completely insolvent. I dont want to sound like chicken little but there is a very big chance that we see something worse than 2008. The only way out is for the ECB to print and for hyperinflation to take hold in the EU (which is bad for other reasons). That could still happen, also they can do other things to kick the can down the road some more so it could be days, weeks, months or even a year or two for the real big crisis to come (unless of course, as I said, the ECB prints its way out).
A few people predicted that the treatment of GM bond holders signaled the end of contract law in the financial markets and they were ignored.
Now here it is.
Third thread on this same article, fourth if you include her original. Just in case people wanted to read other discussion lines.
Zero Hedge:
http://www.freerepublic.com/focus/f-bloggers/2809016/posts
http://www.freerepublic.com/focus/f-bloggers/2809050/posts
Her original:
http://www.freerepublic.com/focus/f-bloggers/2809025/posts
The first time I saw Corzine speak as a gubernatorial candidate he came across as a sleazy con man crook. I never understood how he won. I guess he just bought it.
Bump for reference.
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