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The black boxes, which represent over 50% of the volume on most exchanges and that arb the shit out of everything would also be affected. Liquidity would really go to hell, this cannot be allowed to pass.

I have no doubt the small banks will be next, but how many will it be? Will it be like the depression? If it's minor, the market can slowly recover anyway.

I can't remember another name that was flying around for a long time, is the flood of bankruptcies done from the big financials? The market has also had a nice week, much more stable. Are we going up?

Investors happily bought this shit as long as it had AAA painted on it. The investors should have said, black box model for 0.5% more? FUCK YOU.

You know how it goes, regulation, accurate reporting = bad

And here is the next story item of the Chinese banks. They are denying this. Considering it was in their best interest to make the american system look as weak as possible, who can believe them? http://www.bloomberg.com/apps/news?pid=20601080&sid=aCmEfKvxJZjE&refer=asia

Citicorp still exists :D And ironic that although "Wall Street" doesn't exist anymore, the article goes on predictably defending "Wall Street" at every turn. Wait, I thought they disappeared! And those debts CAN go to 0. This isn't your AT&T bond we're talking here, Merrill Lynch was...

You're right, however a bailout will only KEEP the current flawed, financial system. A bailout should come with strings attached. Do you for example bail out your kid without demanding something back?

I heard something very nice the other day. The role of government is concentrated benefits and dispersed losses. It really is a theft of people's money. We all fantasize that if every american gave you only 1c you would be filthy rich, well the government puts that into practice.

Hard work and sound money are not exactly chinese ideas. Yes they played their cards right, mostly profiting from other's greed. But cheap labor and manipulated currency is more like it.

I'm sure the little worker ants are hard at work and building a career but the big shots don't care where their next paycheck comes from. As long as you can find it. And as for "a good day in America". Only the future can really tell. Pretty soon we will see the prostitute's union complain...

So why didn't you take the summer vacation photos?

The Oct contracts will go bad more quickly obviously, you want to be careful which one to buy.

Go on Youtube and watch those channels with thousands of subscribers with some hick talking about the "economy" and what "predictions" he has. They seem to be the exact same people who are bullish during a bull market.

Personally it makes me feel better, I guess last week was just an aberration and a whole bunch of longs were trapped.

Even with it being a stock swap deal MER is selling at a big discount.

NAKED short selling, jeez. http://www.businessjive.com/

I wish Bush would walk in my neighborhood so that I could yell RETARD, I bet a constant barrage should drive him to depression and suicide. Actually Bush should start calling bottoms every week, it can't do much harm and if he's lucky it will increase his credibility!

Trading small and futures trading are oxymorons.

That's what his lawyers would say. Problem is, a lot of people believe in his Cramerica crap and are getting taken for a ride. So it's always funny to see how Cramer will do best to soothe these people :D