RAMTRONIAN's Cache Inn Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : RAMTRONIAN's Cache Inn

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NightOwl who wrote (14134)	9/16/2008 11:51:30 AM
From: NightOwl	Read Replies (1) of 14464

Well OK... The Wall Street NON reporters have finally clarified the fact that AIG's insurance assets are not going to fund the bail out of their credit/finance scam units. If that's the case I say fine. Let the sucker implode. The sooner the bankruptcy court clears out all these worthless trading vehicles the sooner real businesses and real assets will regain their proper value. Wall Street has been diverting capital and cash to fund these derivative fraud schemes almost as long as I've been in the market. These things are exactly the same "pigs" running the slaughterhouse in the S&L, Worldcom, Enron, et al., fiasco's only with a different shade of lipstick. Massive leverage on fake assets. That's the Broker/Banker/Accounting/Legal specialty. That's all that the vaunted Wall Street "creativity" these morons constantly brag about means!!! Take real assets and churn them through a series of "so called" derivatives until you've wrung 10, 20, 30(?!?) times their true value out of them. And devalue the entire world in the process! Take them all out and burn 'em. Cash will have no where to go besides real assets and credible... underwritten... debt. Wall Street is completely useless for anything better than FRAUD in a computer age. It does nothing but divert resources and adds NEGATIVE net value to GDP. 0\|0

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next