The DOW dropped 158 points today.
Its very difficult to predict the market. The examination of Goldman's role in the financial crisis and subsequent charges of fraud is on people's minds in terms of its effect on the markets.
Reuters: Wall Street tumbles on Goldman, chipmakers
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3 comments:
The whole economy rests on fraud these days. If the real bubble, all the fraud, lying and deceit has created was deflated the whole rotten Ponzi scheme called America's economy would collapse like the house of cards it really is right now after 30 yrs. of scammers and weasels at the helm from Wall st. to DC.
I think the problems lie more in the people who find these ways to manipulate markets and such. There are lots of companies out there that are well run, have assets, and do business well. They do have value. Places like Goldman with this double dipping fraud strategy, that's too much power in the hands of a few. Its like the insides of the house are fair but from the curb the thing is covered in shit and looks like a loser, Consequently it makes the neighborhood a loser.
Oh yea? Where is our Industrial base friend? Do u know that many key components of our Defense Industry have been sent to possibly enemy alien countries? Were now dependent on the good graces of the Chinese, is this rational? We have a society that can't even produce enough jobs to take care of our young these days. The Int'l Corps. your talking about aren't even really American anymore. The owners live here behind our huge military but the population has been abandoned.
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