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SeC 08-17-2007 04:40 AM

Panic on Wall Street
 
Panic on Wall Street
http://www.salon.com/tech/feature/2007/08/17/wall_street_panic/index_np.html

Barbara 08-17-2007 07:15 AM

Re: Panic on Wall Street
 
Back in the "good old days." before the advent of printing press "money" and electronic creation of credit as money, when something like this happened, they took the goldsmiths, as the "bankers" of their day were called, out and hung them.

Oh, for the good old days again.

BlueAngel 08-17-2007 08:13 AM

Re: Panic on Wall Street
 
Is it really PANIC ON WALL STREET or is it the BANKERS pulling their money out?

They infuse it, the market climbs, they use their analysts to mislead; everyone follows suit and then they deplete it taking their money out and everyone else's money at the same time.

The rich get richer and the poor get poorer.

What's the difference between this and the Internet Bubble or the Crash or any other Black Friday?

They brought thousands of internet (now defunct)companies public and sold them as CASH COWS to the public.

Get rich quick scheme!

The public invested their money and when the picking was right, the INVESTORS/BANKERS pulled their money out before the sheeple could.

Shadow 08-17-2007 11:26 AM

Re: Panic on Wall Street
 
oh dear! Are you a banker too?

filthyfear 08-17-2007 01:10 PM

Re: Panic on Wall Street
 
Quote:

BlueAngel wrote:
Is it really PANIC ON WALL STREET or is it the BANKERS pulling their money out?

They infuse it, the market climbs, they use their analysts to mislead; everyone follows suit and then they deplete it taking their money out and everyone else's money at the same time.

The rich get richer and the poor get poorer.

What's the difference between this and the Internet Bubble or the Crash or any other Black Friday?

They brought thousands of internet (now defunct)companies public and sold them as CASH COWS to the public.

Get rich quick scheme!

The public invested their money and when the picking was right, the INVESTORS/BANKERS pulled their money out before the sheeple could.
i'm leaning towards this theory...


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