The market/economy is in deep doo doo; the fed is putting off the inevitable, making the consequences inevitably worse. In the meantime, we hear lies by the feds, corporate greedholders, and certain posters who have obviously gotten their 30 pieces of silver, that all is well. Yet more evidence just last week with Bear Sterns' claiming that there's "no substance to the rumors" that it was facing liquidity/financial problems.
To the contrary: otherwise facing bankruptcy or a buy-out by the feds of $2/share (bankruptcy by any other name) is more than enough to prove that these people lie through their teeth....in the hopes that the suckers and the serfs will keep "buying" so they can get their monies out before the collapse.
The following, previously posted by ex-Texan on another, is yet more proof:
Bear Stearns Stock Fell Dramatically Over the Weekend Stock Sold for $ 2 Billion Profit at on February 14thWhat did they know and when did they know it ?
Bernanke and Paulson have a lot of questions to answer.
Am afraid the same thing is going to happen across the board in the stock market. Money is coming out of Commodities with no where else to go but into Equities, if anyone is going to play the next bear (sucker) rally they'd better be ready to get out in a month.
Paulson and Bernanke are raping the USD . . While their Wall Street cronies make billions.
Bear Stearns Insiders Unloaded 27,316,339 Shares in February !
Bear Stearns Stock Fell Dramatically Over the Weekend
Insiders unloaded 27,316,339 Shares for about $ 70 + per share on February 14, 2008 . . . For a profit of about $ 2 Billion ! ! ! !
What did they know and when did they know it ?
Bernanke and Paulson have a lot of questions to answer.
You can bet the SEC will be looking for a scapegoat on that one.
Bear Stearns Stock Fell Dramatically Over the Weekend Stock Sold for $ 2 Billion Profit at on February 14th
Insiders unloaded 27,316,339 Shares for about $ 70 + per share on February 14, 2008. For a profit of about $ 2 Billion ! ! ! ! What did they know and when did they know it ?
Morons! Did you follow the link? Try again.
14-Feb-08 27,316,339 BSC Statement of Ownership
Nobody sold 27,316,339 shares. LOL!