Comments on: Why the Apparatchiki of Finance Didn’t See It Coming

By: ubexx

ubexx — Sat, 07 Nov 2009 06:29:21 +0000

What everyone misses is that this disaster was SET UP years ago. Ask yourself : who made tons of money ??? The hedge funds and those behind them,led by the FED, as it has done at least three times in the last 110 years.

Note that the FED is a private organization owned/controlled surrepitiously by the 300 most wealthy families in the US, who dont pay taxes (family trusts ).

Note that three of the four main regulators were dead set against putting controls on hedge funds since 2000.

Gee…why ?? They controlled HUGE moneys and ran the Market.

Note,then,in 2007 the SEC (crooks ) got rid of the uptick rule in short selling !!!…which then made it easy to drive a stock down. With the rule you could only stop a stock from rising.

Add naked short selling where you just sell stocks without having to borrow stock to do so and you have an unbeatable technique to drive the market down !!!

Madoff, the former head of NASDAQ , even got the SEC to allow naked shorting (wink ) for him (even called it the Madoff Rule).gee,…what if the funds were short in various ways and then sent the stock market down drastically.

What a way to make gigantic PROFITS without impunity

Then there was the shill,Greenspan, who knew EXACTLY, what was going on,when he made that remark,the irrational exuberance of the market. He did what he was told to do !!!

And the Democrats,Pelosi and Frank, telling us over and over that Fannie Mae and Freddie Mac ( who paid them handsomely in lobbhyinfg fees )were just fine,thank you,when they were actually bankrupt. And Paulsen in March of 08 that the economy was doing very well,thank you, when he KNEW the opposite was true.He is NOT that stupid .

And note the incestuous relationships of Wall Street top money men gaining power in the White House. How convenient.

The regulations were in place (except for hedge funds ) but the regulators and the politicians worked together and IGNORED the rules and let the crooks take charge to do their dirty work.

Will we ever find out who really made a killing ??

NO.

Obama just keeps hiring them. The wolves are controlling the hen house!!!!!!!!!!!!

By: mhelburn

mhelburn — Mon, 19 Oct 2009 19:44:55 +0000

Rich,

http://www.marketoracle.co.uk/Article14326.html

It isn’t just the insiders, the regulator had to be involved in this according to Mike Stathis. His story then gets into harassment of him for bringing this to the regulator.

By: behaviortank

behaviortank — Sun, 18 Oct 2009 21:07:30 +0000

The joke is actually about Watson’s methodological behaviorism (which describes most modern experimental psychologists) NOT Skinner’s radical behaviorism which embraced internal states as behavior worthy of study, even though the technology mostly did not exist in his heyday for observing internal states and still is in its infancy.

By: pat

pat — Sat, 10 Oct 2009 21:20:14 +0000

I am no economics maven or financial genius but . . .
The economic shenanigans and the travesty the securities markets have wrought, along with the other nonsense that the former administration (Bush) imposed on the country was well advertised, he campaigned on it from the get go, cloaked it in excellent cheer and la de da and the country bought it like kids lined up for candy. I recall an article in the Atlantic Monthly around the time Bush was first in power, which described how blithely and blatantly the deck had been stacked to favor thievery and an anything goes attitude on Wall Street and wherever else the security markets are extant. Bush placed an SEC commissioner as the head of the agency who was totally anti-regulation, had proven his favor for the corrupt, downright thieving transaction practices that have led to the current big sag in the economy. This economy has been f . . . ed. Deliberately and with greed and croneyism aforethought. Bush threw out a sensible regulator as head at the SEC in favor of a laissez faire at best and likely deliberately encouraging financial chicanery amounting to robbery head of the SEC. It was as blatant and obviously and patently wrong as the baiting and tormenting of Iraq and the trumped up invasion and demonizing of Saddam Hussein. But that is another issue, but too leads to the conclusion that the country doesn’t listen to issues but just goes along with someone who is in some way pretty or otherwise sounds convincing to the barnyard philosopher who is a sucker for easy answers and sophistry. Yes this is a rich rich country and the capitalist gang who took it over have benefited from it inordinately to where they actually get millions and millions and even billions of dollars, and say well because most people are doing ok with their puny share that the system works great. In fact any freaking system would have worked well given the rich resouces of this country. Communism Soviet style probably would have even looked pretty good here. We need to fundamentally revamp this system, put some teeth into rules against people manipulating the system beyond its intended reach or depth.
I recently went to a graduation ceremony at Northwestern University in Evanston. About 40% of the grads had majored in “economics”. What the hell are they teaching our exalted college grads and “elite” business school people? I thought these people were supposed to be producing, creating grand things, putting us on the right track as trusted keepers of the complex economic veldt. Instead they give us a constant bombardment of vapid misleading advertisements for their products, constantly screaming give me your money until we buy some stupid shit just to shut them up. There is your exalted Wharton or whatever MBA at work. Give me a break. And the telemarketers – need I descry on that? Hey, write back to me and tell me what it is you know.
yowza1@myway.com
Pat

By: Sinkultawongrit

Sinkultawongrit — Thu, 06 Aug 2009 02:49:10 +0000

Be careful about the Quigley / NWO obsessive / “secret Illuminati” stuff. Most of that is Russian disinfo, meant to make you turn on Western institutions and destroy them. In fact, the Red Mafiya connections reveal the direction one ought to pursue:

The Kremlin, and, with the advent of the SCO, The Forbidden City.

By: dong feng

dong feng — Fri, 17 Jul 2009 20:45:00 +0000

In reality, you can make money in stocks and real esstate by commiting fraud and other crimes (mortgage fraud, stock manipulation,etc). Especially today with taxation at 50%, you can only make excessive returns with criminal activity. Ie circumventing “da Law”. Reminds me of Ali G: “what iz barely legal?”..”what iz dis ting called da laws?”

By: dong feng

dong feng — Fri, 17 Jul 2009 20:34:40 +0000

I took a course in Rational expectations Economics 20 years ago. Well, they concluded that you cant make profit in stocks. Since Goldman, bear, merrill, leman, LTCM, CITI, AIG, etc etc are all bankrupt, they were right- you cant profit in stocks. The professor also told us you cant make profit in housing ownership; since then we have the greatest losses in mankind in real estate. I listened to the Professor and therefore have invested nothing into stock and real estate and avoided any losses. Did they not learn this at Harvard MBA school? or were they too drunk and high to learn the Professors teachings?

By: BWilliams

BWilliams — Sun, 31 May 2009 12:20:25 +0000

To over complicate any system shows vast ignorance…….. and to attempt to cover for all future events and mistakes is futile when everyone is expecting everyone else to cover.. complete impossibility and stupidity for all layers. Finally, we must remind ourselves that fruad destroys any system — no matter how good or bad. Never expect others to work for you forever…

By: Anonymous

Anonymous — Fri, 13 Mar 2009 18:45:48 +0000

There’s a lot to read here, but at least read the overview comment by the guy that scanned the book in.

http://www.camaradart.ro/biblioteca/carti/Carroll_Quigley__Tragedy_And_Hope.pdf

When you read it, so much makes sense and falls into place. Written in 1966, it predicted much of what’s happened to our clearance system.

This book should be standard reading in every high school.

By: Anonymous

Anonymous — Fri, 13 Mar 2009 04:33:06 +0000

http://thesanitycheck.com/Portals/0/cramersubpoena2.jpg

By: Anonymous

Anonymous — Fri, 13 Mar 2009 04:32:38 +0000

http://thesanitycheck.com/Portals/0/cramersubpoena1.jpg

By: Anonymous

Anonymous — Fri, 13 Mar 2009 04:07:02 +0000

Cramer admits CEO’s lied to him, like he never did? I have a gut feeling Cramer is fearing the feds here. I’ll bet he has already turned snitch and is cooperating with authorities after striking a deal. Kinda like that Crazy Eddie guy did to his cousin….I wonder if Jim called up Sammy for some advice?

By: Anonymous

Anonymous — Fri, 13 Mar 2009 04:04:07 +0000

http://tinyurl.com/cxu3lg

By: Anonymous

Anonymous — Fri, 13 Mar 2009 03:56:07 +0000

http://images.google.ca/images?hl=en&q=buffet%20rothschild&um=1&ie=UTF-8&sa=N&tab=wi

By: sean

sean — Fri, 13 Mar 2009 03:55:08 +0000

Here is the link!

http://www.thedailyshow.com/

The actual interview was done on March 12th 2009 and is the most telling interview that I have ever seen that will expose the Financial Media for what is really is.. A FRAUD!!!