Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (73245)	4/16/2010 8:57:29 PM
From: Maurice Winn	1 Recommendation Read Replies (2) of 74559

Going for Goldman Sachs really does look like a good political move for Obama and the Democrats to show that they are not just a crowd to roll over for the Wall Street crowd and Big Bankers and an easy touch for vast piles of citizen's loot. No doubt the SEC has their backing. No doubt the public is all in favour too. But it shouldn't cause a market crunch, just a panic among the frauds. Qualcomm, Yahoo!, Microsoft, Google, Boeing, General Electric and swarms of companies doing real work of value to billions of people will do just fine. If Goldman Sachs shareholders and J P Morgan and Wells Fargo and other shareholders and creditors of them lose their investments, then it's no skin off Qualcomm shareholders' noses. On the contrary, it will make them more valuable. Mqurice

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