Re: Naive questions.
in response to
by
posted on
Sep 21, 2008 09:42AM
The company whose shareholders were better than its management
To whom it may concern:
In my mind, I think that if shorting, margin lending, and Hedging should be illegal or "frowned upon"....
If all the "players", large and small, had only their own resources to invest....then these speculation markets couldn't form as easily!
This is looking far too much like "the Crash" of the 30's....and all of that was caused by margin speculation by the masses...much like the .com "bomb" meltdown....
Now a housing market meltdown is happening because every Tom, Dick, Harry who couldn't afford a house...let alone a new car!...was given both with NO DOWN PAYMENT!...AND NO NEED TO SHOW A SOURCE OF INCOME!
And all of a sudden the Bush Administration needs to pass a 700 Billion dollar bail out of the fat cat republicans who run the financial institutions!....they want it real fast or else everything in the world "falls apart"....your credit cards won't work!...evrybody looses their jobs!
If this passes without restrictions from the Democrats to "rein in" the out of control commission system for the brokers, and cutting the pay offs of the CEOs, and their "golden handshakes that come equipped with a parachute of the same material!"....then they will have let us small investors down too!
Now the Bush Group will effectively put the next Administration,(probably Obama) in a "hog tied" position to do of the things that they have purposed...like national health care!... which the republican controlled HMOs hate!
Lots of Pundits have predicted this global meltdown!...but the suddenness of these events this last 2 weeks is stunning!!
Just my crazy thoughts!
Long for Cash
P.S. aitakahashi! another masterpiece of script writing and editting....you will have a future in that business, after these videos have proven to be so popular!