Covering Short Positions on Monday. Helicopter Ben is Airborne?
"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
- Thomas Jefferson
"We privatized the profits and socialized the losses."
-Mayor Michael Bloomberg
“Give me control of a nation’s money, and I care not who makes her laws”
Rothschild, Meyer: merchant banker, 1836
"Calls to Democrats are evenly split between "no" and "hell no."
Congressman Brad Miller (D-NC) Carolina said on 24 SEP 08, about the bail out.
Helicopter Ben is doing what he was hired to do. PRINT MONEY! Printing money will cause the market to go up. The best example is Zimbabwe. The bear market was due to the the FED tightening. Now, Congress will buckle to pressure to Print enough money to recapitilize FDIC, allow King Henry Paulson to bail out his friends, gambling partners, etc....
Inflation benefits DC and Wall Street, they have access to the money first. The eighth largest bank went under on WaMu, JPM SEIZED the deposits! (Long position JPM?).
Even though WaMu went under the market rallied? Helicopter Ben is likely airborne.
Any Financial or stock that rallied on Friday, I would cover my Short position. Those stocks are likely to benefit from King Henry and Helicopter Ben's largess.
I will likely cover my SKF.
FYI - Forbes. (Stolen from Gary North)
In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
FYI - American Max Keiser about Laundering $700 Billion to TEHRAN News?