posted on Jun, 16 2008 @ 11:48 AM
I believe that there is a lot more to the BS collapse than has been revealed so far. BS imploded due to the fact that other financial institutions
suddenly refused to engage in any counter-party transactions with it after 'rumors' started flying around that BS was running out of cash. This
became a self-fulfilling prophecy and this point has already been suggested in the major media so nothing new here so far. BUT, WHO STARTED THE
RUMORS? The cash balances of a company that size are only know to a few, very senior executives. There's no incentive for them to put their own jobs
in jeopardy by revealing BS's cash balance to anyone else. It's also unlikely that the rumors started from BS's bank or banks since that kind of
information is supposed to be confidential and any bank that is found out to be revealing confidential info to unauthorized persons is liable for very
serious legal repercussions not to mention the loss of a lot of clients.
My theory is that BS was targeted either for political reasons or for outright greed. Someone with deep pockets, saw an opportunity to engineer a
short sellers dream by shorting BS stock and then starting these rumors. The stock drops from the 30's to $2 in a matter of a few days. Then to add
insult to injury, millions of shares are bought at $2 from paniced BS employees and then a week or two later, the company that had agreed to buyout BS
for $2 per share all of a sudden says...'gee you know what? Out of the goodness of our hearts, we'll pay $10 per share!' So whoever bought those
millions of shares at $2 has suddenly made a 400% profit.
This was nothing less than the ultimate act of financial manipulation and in terms of the total amount of dollars that was 'destroyed' by the
collapse of BS, this must rank as the biggest 'heist' in history.