O'Reilly blaming Dubai Hedge Funds

Quote from flytiger:

No idea. I only talk about what I know. And that's bad enough!

when you take a step back and look around, you, it's all pretty simple. The politicians got in bed with Wall St. who got in bed with a plethera of nefarious characters, from the Russian mob, to terrorist fund raisers, to simple off shore hedge funds laundering money for same. (All documentable, btw). Like the good kid (stretch there, but bear with me) running with the bad crowd, events get out of hand. Now, they have to either come to you and say they fucked up, and killed us, or, they can pull out all the stops, killing us later, and try to right a ship that may or may not limp into port, and take six years of drydock repair to become remotely seaworthy, but never the same again.

And to top it off, the leading Presidential candidate doesn't even like us.

Gee. Can't wait to see how this turns out.
More...

I think this pretty much sums it up. No need to bring terrorist mumbo jumbo talk into it.
 
No idea. I only talk about what I know. And that's bad enough!
--------------------------

There are only two things I dont know, women and money.
 
No one who appears regularly on television has any idea about the markets. I think O'Rielly is great for making logical opinions that relate to social and political issues but when he accuses speculators for the gas prices and his easy to see ignorance of the bailout i can't help but cringe.
 
Quote from telozo:

I think this pretty much sums it up. No need to bring terrorist mumbo jumbo talk into it.
More...

Why inject the truth?

What don't you understand about 'documented'? And why did the SEC cover it up, until they screwed up, and released 50,000 pages of documents they were sitting on for the prescribed six years.

God, you guys are thick.
 
Replace capitalism with Islamic financial system: cleric

Oct 12 11:19 AM US/Eastern

Egyptian-born cleric Sheikh Yusuf al-Qaradawi, seen here in ...


Muslims should take advantage of the global financial crisis to build an economic system compatible with Islamic principles, influential Sunni cleric Sheikh Yusuf al-Qaradawi said on Sunday.
"The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up," said the Egyptian-born, Qatar-based cleric.

"The Western system has collapsed and we have a complete economic philosophy as well as spiritual strength," he said at Sunday's opening of a conference on Jerusalem.

"All riches are ours... the Islamic nation has all or nearly all the oil and we have an economic philosophy that no one else has," Qaradawi said.

He urged Muslims to "profit from the crisis to bring about the triumph of the (Islamic) nation, which holds the spiritual and material resources for victory."

The sixth conference on Jerusalem is being attended by around 300 people representing political parties as well as Muslim and Christian NGOs, from various countries.

It is staged by Al-Quds (Jerusalem) International Institution, which is dedicated to the conservation of the holy city and its sacred places.

Participants include Khaled Meshaal, exiled head of the Palestinian Islamist movement Hamas, and Ali Akbar Velayati, a top adviser to Iranian spiritual leader Ali Khamenei.

The three-day conference will look at ways of protecting Jerusalem and its holy sites, which participants believe are threatened by Israel.


Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium
 
Quote from PocketChange:

Talk about a paranoid idiot...


O'reilly blames Dubai Hedge Fund Managers sitting in front of Computer terminals ruthlessly raping our markets.
More...

I am not sure if the overtone is Arabs raping the markets or Dubai hedge funds raping the markets... Many of the hedge funds in Dubai are run by european ex-pats managing arab / oil money and HQ'd there for tax purposes(I suppose)
 
yeah, i know.

when everything goes wrong and things are totally fucked up, it's somebody else's fault.

but when things are rosy and you've got everything going your way and you have the fantasy that you're the man, well, then it's all your doing and the world is your oyster.

... so pathetic.

the only ones who thoroughly and completely raped the US markets, it's economy and its people, are themselves.
 
It is the usual suspects.

https://www.donfishback.com/blog/2008/10/10/what-really-happened/
Don Fishback’s Market Update

What REALLY Happened

I hope my good friend Larry McMillan doesn’t mind me doing this. He has a terrific advisory service — The Options Strategist. In this morning’s hotline, He had this to say about the goings on yesterday:
>>>>
It seems that the major catalyst for this selling is the fact that the newest large banks primarily J. P. Morgan, Goldman Sachs, and possibly Morgan Stanley as well — have issued massive margin calls to hedge funds and other professional traders who use these banks as prime brokers. These calls were not issued because of market losses, but more because the banks arbitrarily decided that they wanted their customers to use less leverage. Margin rates as low as 15% for broker dealers were raised to 35%; hedge funds who had been used to operating on high leverage were told that they had to bring accounts up to a much larger percentage of equity. In this illiquid environment, where all manor of exotic securities literally have no bids, the only place to raise the cash to meet margin calls was to sell stock. That is what really set
this market over the edge — as the first notice of these calls were issued on October 2nd and 3rd. There was something of a grace period to meet the calls, but funds realized they weren’t going to be able to meet them
other than by selling stock. There are rumors that the most massive of the calls are due Monday (October 13th). If so, this market could continue to decline through then.

There doesn’t seem to be any reason for this increase in margin. The most benign one is that the banks became overly worried that their prime brokerage customers could cause problems with leverage. A more sinister reason revolves around the fact that the banks issuing the calls will likely wind up the owners of some excellent inventory (relatively illiquid preferreds, bonds, etc., which are being sold at prices well below theoretical value). They are in effect confiscating from their prime brokerage customers.

I have no idea if this is true or not. I just know this. Larry is pretty well plugged in, and has incredibly insightful observations. And he doesn’t spread false rumors. My guess is that he’s on to something.

– Don
More...
 
"There doesn’t seem to be any reason for this increase in margin. The most benign one is that the banks became overly worried that their prime brokerage customers could cause problems with leverage. A more sinister reason revolves around the fact that the banks issuing the calls will likely wind up the owners of some excellent inventory (relatively illiquid preferreds, bonds, etc., which are being sold at prices well below theoretical value). They are in effect confiscating from their prime brokerage customers."

__________

Judging from the timing, maybe they want to help Obama get elected.
 
You must log in or register to reply here.
Back
Top