The picture is starting to get clear here.
The big deal financiers under Bush had a free for all. These guys scooped up so much money its probably a crime excpt no one is smart enough to figure out how to charge them. Instead Ponzi criminals are all the rage.
So in the same way that the Iraq war hoisted billions and billions of dollars onto war profiteers in the form of security contracts and support contracts and corporate rights to all parts of Iraq, these same people gained billions and billions when Bush literally shoveled money into their pockets before he left office.
It might appear that the decision to lift the uptick rule was a little wink and nod gift, so these same folks could make billions and billions in a recession, this time using your, yes your, assets to short sell themselves senseless and make you worthless.
We are not violent people, but where the hell is the justice. Obama can't let this mess go without justice.
Reuters: Wall Street up as Dimon's remarks buoy banks
Jamie Dimon's comments to CNBC television, which reversed a broad decline, came after a speech where he said the bank's bond department had just had its two busiest months ever.
2 comments:
Wow, if that's true and it sure looks like it those guys were unbelievable fuckers. You just have to believe that all they really cared about is themselves and their own circle/class.
Well what part is not true.
Iraq war - profiteers yes
Billions before Bush left office - TARP funds yes
uptick rule removed - short selling is really back - the recession goes brutal - all investments are down - yes
Its called making money all the time 24-7 no matter what. Its a nice club.
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