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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Robin Plunder who wrote (95668)	7/15/2008 8:28:51 PM
From: ggersh	Read Replies (2) \| Respond to of 110194

Still, isnt it bizarre that our govt would stand by and let naked shorting occur? Unless they are somehow motivated by wall st insiders to look the other way while the large players execute their scam? Is this part of the bank recapitalization plan, ie, let them screw the public with naked short sales? IMHO, although I'm no expert on this they got BSC this way. No one has yet to say who was behind it. Supposedly, the story was BSC had traded down to 70 and the lowest PUT level was at 50. The next time there people asked for PUTS in the teens, which was basically pricing in Bankruptcy. So BSC bankruptcy was an inside job. One other thing about naked selling is that if the company involved was worth anything it wouldn't work. There is no way Banks can make enough money just by trading the Market. The scam is ongoing. A interesting stat I just read was the top 5 CEO's made some outrageous amount's of money last year. $300mil. roughly. The top ten Fund managers made somewhere in the neighborhood of $12 bil. All this while the Financial system is imploding. My take on Cramer is he is the point man for the IB's. Nothing but on the take. The SEC who has responsibilty for all this, HAS DONE A HECKUVA JOB...WATCHING THIS PARADE.....Capitalism is BROKEN BWTFDIK....