catnhatnh
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Sun Mar-16-08 02:47 AM
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Waterboarding and Financial Entities "Too Large to Fail"... |
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I like my post title and the clarity it brings to our government actions...In Iraq (or really anywhere across the globe) we will grab small actors who oppose us and then inflict any torture necessary to extract not the truth, but what we insist on hearing....now when we expand this we come to an Osama Bin Laden or a Moquetadr Al Sadr one of whom we "can't" capture and the other of whom, despite proof of direct attacks on US troops we "had to" reach a cease-fire agreement with...Got that-a guy who would normally be exposed to torture is instead negotiated with because his organization (which kills US troops) is "too" large. ...Now we look at the financial markets-This week we dumped in at least 200 billion to float what we know are bogus notes at the big money side and rescued Bears Stern... ...The "invisible hand" of the market is an interesting item...if you didn't know any better you would say it's very much like a sports book...if people lay off 5 million on the Eagles to win other bettors have to lay off 5 million on the Giants-the book doesn't care about the outcome-it only wants it's 10% on the action.And that's how they told us the market works....for each investor who goes short, there is another investor who goes long.... ...So in a rational market Al Sadr is waterboarded for information to stop attacks on US Troops.Also Bear-Sterns goes down the tubes and those bright enough to see their financial position pulls down a small fortune shorting them...that is rationality. ...But suppose last week you as a small investor shorted the Dow Jones or Bear Sterns looking for the "invisible hand" of the market to recognize your wisdom.Well,in fact you would have to WAY short to get any action-both were looking to fail already. ...Surprise, this week you were waterboarded by the US government-While you put your cash out and waited for a win almost decreed by the facts but instead your government dumped 200 billion into the market and rescued Bear Sterns.So what should have happened didn't and instead of the market or an investment house losing billions you (all the thousand or millions of you) did....just because when someone becomes too big to fail the first casualty is reality. I guess my conclusion should be that US troops and honest investors have been adjudged trivial when they become inconvenient and that a government that allows a killer of US troops the status of a statesman BECAUSE IT IS CONVENIENT AND MAKES THEM LOOK GOOD then you should not be surprised when they are willing to ruin some small investors because it saves the Elite who knew the entire time they would be protected.
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