In their scared little world, every time Paulson or Bernanke burp the shares drop. So what happens when a whole chorus of 'mortgage securitizers' start a-farting up a storm and all of a sudden your country's sitting on a throne of junk paper? As the ever-hip New Yorker magazine depicts, Mr Suit's eyes start bleeding as he watches his precious stores of other people's money dry up. And wheeling his wheelbarrow full of dollar bills down to the Savings & Loan, Greenspan appears to have had second thoughts and dropped out of the picture... good; it's his fault too that all this is happening. At the summit I mention in an earlier post, "leaders from the G20 group of nations - the world's leading industrialised countries and major developing nations - will attend." They will talk about what their friend 'the market' is up to. Whoever that is. The G20 people will bicker and hassle one another about the portion of their respective bailouts of the rich speculators will go into the coffers of which of their favored campaign contributors, and the portion that will go into their own pockets, and then cuss and discuss the whole 'actually doing something about it' deal. Meanwhile someone else from the lower economic echelons just got foreclosed on, a squatter took over a bank-owned 'asset,' and the rumblings of protest were muffled once more.
Wednesday, October 22, 2008
Hunsinger: "The credit crisis is devastating and has done a lot of damage in the real economy,"
Florent Hunsinger works for Cantor Fitzgerald Europe as an 'equities analyst.' What does an equities analyst do? Does he analyze the 'quality of being fair and impartial' (definition 1) like Fux news? Or is he looking at 'stocks and shares with no fixed interest' (def 2)? I think the latter. So what with the way they jacked up interest rates behind people's backs in this submortgage ripoff, this whole deal would then be his specialty...: "The credit crisis is devastating and has done a lot of damage in the real economy," he says - way to pat yourself on the back there pal. Good work! It's speculators like him that created the credit freeze, which is colder than the Prez' heart of stone as he kills another Iraqi by proxy.
In their scared little world, every time Paulson or Bernanke burp the shares drop. So what happens when a whole chorus of 'mortgage securitizers' start a-farting up a storm and all of a sudden your country's sitting on a throne of junk paper? As the ever-hip New Yorker magazine depicts, Mr Suit's eyes start bleeding as he watches his precious stores of other people's money dry up. And wheeling his wheelbarrow full of dollar bills down to the Savings & Loan, Greenspan appears to have had second thoughts and dropped out of the picture... good; it's his fault too that all this is happening. At the summit I mention in an earlier post, "leaders from the G20 group of nations - the world's leading industrialised countries and major developing nations - will attend." They will talk about what their friend 'the market' is up to. Whoever that is. The G20 people will bicker and hassle one another about the portion of their respective bailouts of the rich speculators will go into the coffers of which of their favored campaign contributors, and the portion that will go into their own pockets, and then cuss and discuss the whole 'actually doing something about it' deal. Meanwhile someone else from the lower economic echelons just got foreclosed on, a squatter took over a bank-owned 'asset,' and the rumblings of protest were muffled once more.
In their scared little world, every time Paulson or Bernanke burp the shares drop. So what happens when a whole chorus of 'mortgage securitizers' start a-farting up a storm and all of a sudden your country's sitting on a throne of junk paper? As the ever-hip New Yorker magazine depicts, Mr Suit's eyes start bleeding as he watches his precious stores of other people's money dry up. And wheeling his wheelbarrow full of dollar bills down to the Savings & Loan, Greenspan appears to have had second thoughts and dropped out of the picture... good; it's his fault too that all this is happening. At the summit I mention in an earlier post, "leaders from the G20 group of nations - the world's leading industrialised countries and major developing nations - will attend." They will talk about what their friend 'the market' is up to. Whoever that is. The G20 people will bicker and hassle one another about the portion of their respective bailouts of the rich speculators will go into the coffers of which of their favored campaign contributors, and the portion that will go into their own pockets, and then cuss and discuss the whole 'actually doing something about it' deal. Meanwhile someone else from the lower economic echelons just got foreclosed on, a squatter took over a bank-owned 'asset,' and the rumblings of protest were muffled once more.
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