Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: rrufff who wrote (3292)	3/17/2008 5:29:21 AM
From: NightOwl	of 5034

Haaa! Hooo! Hooo! No Mr. Rrufff... I can't stomach the sermons provided by Lord Haw Haw Kudlow. Much less our War Criminal Chief Exec. I was referring to the NYT article's use of the phrase. I am surprised by your choice of option #1 though. You'd certainly take a major chunk out of the "Moral Hazard" in the credit markets with that one. And as far as the equity holders of Bear Stearns are concerned it's going to feel a lot like this JP Morgan buy out too. I had no idea there was so much animosity towards BS on Wall Street. It sounds like people are in fact willing to cut off major chunks of their own faces regardless of the resulting pain. If in fact the default rate on BS's mortgage backed portfolio is "only" 17%, its a great long term deal for JP Morgan. The question is will they be able to weather the short term storm this bail out will bring. Frankly I would have gone for option #3 if I had to pick one of the three. At the same time I would have also expressly stated a willingness to back the "crappy" stuff of the other 4 big investment banks up to $20B a piece... with appropriate "fees." Its pretty clear that the major problem the banks here and everywhere else are now facing is "panic" withdrawals. That's what killed BS, not the toxic mortgage paper. The only "Fix" the Fed can arrange now must address that "panic" reflex. I don't know if this option #3 "light" effort is going to be enough even with the discount rate cut. We've spent so much of our credit line on Bushes Iraq expedition that they have little left to cover this situation. I suspect this "panic" may be peaking now largely due to the disclosure earlier this month of the 2+ Trillions of dollars this idiot war is adding to the debt. The market may simply be telling Bush they won't pay for his financial crimes and war crimes at the same time. If I was the "administrator" of this mess... I'd go "all in" right now... assume all the outstanding mortgage business directly from all these banks (for a major pound of flesh)... allow the bankruptcy courts to adjust the terms on mortgage notes... cauterize the bleeding in Iraq and Afghanistan at whatever the cost of hauling everything home will be... and surrender myself, my VP, X-Secretary of Defense and X-Atty General for trial before the Senate and at The Hague, the UN, World Court or somewhere outside the continental US. <Hoo><ack><Haa> But that's just me... I have an over developed sense of responsibility to go along with my pessimism... I hate half measures... and I believe that crimes of this magnitude demand appropriate punishment(s). <vbg> No matter what happens... the very next time anyone mentions: (1) support for "integrated financial services;" and (2) "a need for deregulation," "excessive federal regulation," or "government interference with free markets" in the same sentence... just get down on all fours... take a good running start... sink those big Crime Fighting Fangs into their soft tender underbelly... and rip for all you're worth.<Hoo><Hoo><Haa> 0\|0

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