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Politics : Welcome to Slider's Dugout
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From: SliderOnTheBlack11/30/2007 7:50:20 AM
  Read Replies (8) of 50748
 
Bernanke: From blink to bluff...

Did you really believe all this tough talk
and the press conferences about the Fed's new
focus on topline inflation and a strong dollar?

Remember when Paulson calmed the markets by assuring
them that there was no contagion in subprime credit
and housing?

And remember how - when the dust cleared....
Goldman Sachs emerged with billions in profits
from being on the "other side" of that trade?

...whodathunkit?

Did you just see Goldman's mass sector downgrade
of virtually the entire market into a falling tape...
and the resulting accelerated sell off...and now -
Kohn & Bernanke doing a "180"and telegraphing a coming
rate cut and liquidity pump...and the DOW turns on
a dime and rallys?

...whodathunkit?

And guess what side of that trade - Goldman's
own traders were on?

And if that isn't enough to bring you to a boil...

Now... you and I - get to bail the greedy bastards
out of their subprime & derivatives debacles.

...they pocket billions upon billions in windfall profits.

... they already shut the bankruptcy door on consumers.

... they still collect record bonuses if they stay.

...and they get handed one hundred million dollar+
golden parachutes... if they are forced out.

Heads they win -- tails you lose.

And how do you feel about these "free market" capitalists,
who wouldn't bail out Aunt Millie for a nickel if her
life depended on it... but, now want YOU and I to bail
them out of a half-trillion dollars of bad loans that
they got rich beyond anyone's wildest imagination upon?

How does that make you feel?

We're getting stuck with the tab...under the guise
that they are "bailing out the economy" and saving
you and I.

You know damn well who they're bailing out... themselves.

Ya' feeling like a bit of a chump...who just got swindled?

I am.

...and I'm just getting warmed up.

Gotta get caught up with business, unpacked from an
extended Thanksgiving break... and then I've got quite
the rant to unleash.

And gold?

You already know what to do when a sniveling, little
bald puke of a man, who won't look you in the eye...
puffs up his chest, raises and deepens his voice, bulges
his beady little eyes and shoves his chips into the center
of the table and calls...

Mo Later,

S.O.T.B.
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