I am a fulltime trader and lifetime student of history........you will notice in history that human beings manipulating and causing destruction to other human beings is nothing new (the ways of destruction have just become more deceptive and sophisticated these days).
Nothing in what has happened to the U.S. economy or our financial system was a suprise to me (Accumulated precious metals for 4 years, LONG oil late Feb 07, heavy short ES and long term funds by late Nov 2007, etc). Following global wealth entities destructive moves is almost a sure bet imo.
########################
No any doubt ...
In 2005 Greenspan orhestrated low rate to support economy ,
But bank's was not interessed to invest in normal business
with normal profit ,they invested in old as world junk ideja -
subprime rate with expectation of simple big profit.
More of them time from time "new visionar" as Milken
provide "scientific evidence" that business with
junk bond have risk equal or lower to normal business
They pumped marked in 6 month of 2005-2006 (sep- april)
DIA some 22%
Share price high growth - more interess by broad public,
more volume ,more clients -more bonus
Motiv is only one and old as world -Greedy
Most of IB have Harward MBA ,some of greedy fund's as LTCM
nobel price winner in economy .
But motiv is decisive -Greedy
*********************
Greenspan ,Paulson ,Grinberg & are jews
Goldman Sachs and Lehman are jews banks
UBS -swiss ,Merril Lynch catholic , Morgans Stanley - wasp with
libanese CEO
Different nation's ,different religion's but have together
only one kind of motiv's -to be greedy
It is folly to try and reason about this whole crisis and its history using Occam's razor.
Sure, you can find some sequences of wrongdoing, but the meltdown as a whole is not possible to understand using reductionism.
You have to look at the situation, those involved, proposals and outcomes/benefits/loss. There will be a transference of resources - and ultimately there are "winners" to the rescue plan. There is greed in that. No doubt, corruption too.
Sure, you can find some sequences of wrongdoing, but the meltdown as a whole is not possible to understand using reductionism.
You have to look at the situation, those involved, proposals and outcomes/benefits/loss. There will be a transference of resources - and ultimately there are "winners" to the rescue plan. There is greed in that. No doubt, corruption too.
Agree with most of you regarding manipulation...
BUT - something happened out of plan.
Suspect it was Putin's invasion of Georgia.
This caused a policy decision to deflate oil even if it would implode finance entities (or decision wasn't thought through).
And this caused the mess we are in now. I simply can't believe GS allowing itself to become a bank holding company. Can't believe it. Something went wrong.
Perhaps a chance to take things back?
BUT - something happened out of plan.
Suspect it was Putin's invasion of Georgia.
This caused a policy decision to deflate oil even if it would implode finance entities (or decision wasn't thought through).
And this caused the mess we are in now. I simply can't believe GS allowing itself to become a bank holding company. Can't believe it. Something went wrong.
Perhaps a chance to take things back?
This is just too funny.......... http://news.yahoo.com/s/ap/20080924/ap_on_el_pr/palin
Pumpin FEAR a little bit late in the game....LOL!!!