Panic on Wall Street

[SeC]

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

[Barbara]

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]

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]

oh dear! Are you a banker too?

[filthyfear]

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...