Saudi Billionaire Prince: Hasta la Vista Wall Street

reply to post by cpdaman


And naturally, a banning of Short Sales means that .....

The rally wasn't reeaalllyy as big as it was..

And that the prices of big bank stocks increased meaning a larger short sale opportunity on Monday..

The great depression occured years after the stock market crash. It was a result of emergency regulation that backfired.

Once the "public" has been volunteered to eat the tainted balloney sandwich of financial impropriaty, if the shoring fails the outcome is only brought to a higher extreme! Think of it as additional friction in the mechanism. They will pillage and plunder at every passage of the buck.

You cannot appeal to the better nature of those who have none.
They will see it as the last call for the gravy train. One more before the end of the line.

Even if they shore up the financial institutions, if they fail the public yet again; then the economy will collapse under those same institutions.

We will all go down together when we go.

I used to think that as a last resort, we should eat the rich.
I have rethought that philosophy of cuisine, and now believe they should be moved to an earlier course on the menu.

[edit on 19-9-2008 by Cyberbian]

Some follow up to emphasize these corporare crooks are not suffering in the least:

Moguls Steal Home While Companies Called Out
By BILL MOYERS and MICHAEL WINSHIP

During the last five years of his tenure as CEO of now-bankrupt Lehman Brothers, Richard Fuld’s total take was $354 million. John Thain, the current chairman of Merrill Lynch, taken over this week by Bank of America, has been on the job for just nine months. He pocketed a $15 million signing bonus. His predecessor, Stan O’Neal, retired with a package valued at $161 million, after the company reported an eight billion dollar loss in a single quarter. And remember Bear Stearns Chairman James Cayne? After the company collapsed earlier this year and was up for sale at bargain basement prices, he sold his stake for more than $60 million.

Daniel Mudd and Richard Syron, the former heads of Fannie Mae and Freddie Mac – aka the gods who failed – are fighting to keep severance packages of close to $24 million combined – on top of the millions in salary each earned last year while slaughtering the golden calf. As it is written in the Gospel According to Me, when the going gets tough, the tough get going.

I also have yet to hear any sort of reasonable explanation as to why the US government should let these crooks create casinos, let them keep all their winnings and then use public funds to make good on any losses. So where's the justice? And we thought the mob was bad? $700 billion bailout my arse!

[edit on 20-9-2008 by Regenmacher]