Posted on 01/30/2003 4:33:53 PM PST by knighthawk
Well, sometimes I think that we only see the tip of the iceberg of what the President deals with. It always seemed curious to me (and still does) that so many on Wall Street supported Clinton, and still pay chunks of change every year to Jesse Jackson. Jesse Jackson, especially.
Why does Wall Street care about his intimidation? Do stockholders really care if 150 Rainbow/Push people show up at a car dealership in Des Moines? Why are they so eager to fork over money to him? It is very odd, and no one seems to remark upon it.
How DOES Israel support themselves? How 'bout them ChiComms? The Cali cartel? I own a watch, I don't eat chocolate ... I guess the margins for the Swiss' skiing biz are very very fat. Every credit card transaction in America is "protected" by a software and network security architecture designed and run by an Israeli firm.
The run up and crash of our market under the stewardship of the most corrupt President in U.S. history is begging RICO scrutiny. Rudy G ... you want a crowning legacy to take to your final honored rest? Crack open our accounting, investment banking and brokerage books.
I don't even eat a roasted peanut off the bulk shelf at Cub foods. Some fat slob in Moscow might have grabbed $10 from my 401K account just now.
Americans lost 5 trillion in net worth in about 18 months. We need a complete accounting of that.
I still think Jesse Jackson's involvement is odd. Maybe it is a fancy way to blackmail all those involved. I also would like to know how much money gets launderred through the Clinton Library Foundation. Why are bankers still paying to hear Bill Cinton yak? Who cares what he thinks, unless he knows something, and his silence is important.
And why was Clinton so eager to pardon Marc Rich? Why was that guy important?
AND, how come all those dot.coms got pushed so hard by brokers?
The whole thing is very unsettling, and whether it is Russians, Chinese, Israelis, or Saudis, I would like to know why the bubble got run up so easily, and why it burst. I am not a financial wizard, but I do remember reading about Tulipmania and the Florida real estate bubble of the 20's, and I do not understand how so many brokers could have been so wrong about so many stocks.
Very unsettling, the whole thing.
The corruption, IMO, was through the greed, fraud and manipulation of Brokerage Research groups, 401K fund managers and Union Pension managers. They were paid on their short term results. Quarterly. PAID OBSCENELY by the way. A company like Juniper Systems ... had very limited numbers of shares available to outside investors. When every greedy mutual fund and 401K fund manager needed a big producer to maximize their bonus ... $500,000 a quarter sound good to you ... they took our money and assaulted a limited number of shares in Juniper with mountains of buy orders. The stock went up $50 one day. $50 DOLLARS! Per Share. Not because Juniper had a model and product and management track record ... it's because Jarred Dickhead needed to get that 60% growth mark to win that $500K year end bonus. Gen X asshole A at Fidelity wanted that Juniper stake before .... Gen X asshole B at Schwab got his greasy hands on it for he wanted his bonus real bad too. Don't look twice, here's Gen X asshole C from 20th Century and he's gonna get some JNPR don't you know. The big swinging d*cks at CALPERS are in the house, they're in a buying mood too!
Not one of those guys could tell you how the Juniper edge routers stood up against Cisco, Lucent or Adtran. What was their upside? None of our agents were buying a company ... they were playing Liars Poker.
Juniper Systems one quarter had $15 million in sales and about $50 million in NET LOSS. 3M had $2.5 billion in sales and $200 million in NET PROFIT. Juniper was valued at $85 billion or so. 3M was valued at $80 billion.
Somebody understood this outrage, yet they pumped money into JNPR and took home the big bucks. Their customers weren't so lucky. Clinton corruption, money for nothing, no responsibility - the Dotcom orgy and Clinton's fat girl servicing just seemed to go together.
Imagine that.
Well, I am on another thread dealing with the anti-war right...you know, the ones who think that George Bush is a tyrant and we should keep Saddam in the box because he can't hurt us. I had best go fuss at that guy a bit more...not that I can change his mind, but I hate to leave his ramblings standing as a viable position. Glad I saw you and appreciated the financial explanation, because on that stuff I need help, for sure!
Have a great day Arne. You are a good guy.
However - it was a typo, of course.
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