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alstry (35.76)

Is Wall Street Intentionally Trying To Screw America?

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April 26, 2011 – Comments (6)

Or is America simply the victim of Globalization as the bankers and Wall Street execs siphon all your money from your retirement and investment accounts to give themselves HUGE bonuses?

The bankers sell you on the virtues of homownership and home equity borrowing by dropping mtg interest rates very low, Greenspan telling you to get ARMs, and then raising interest rates 17X WHILE BANKERS MAKING BILLIONS BETTING AGAINST MORTGAGES THAT THEY WERE RECOMMENDING YOU BUY AND STICKING IN YOUR RETIREMENT ACCOUNTS.

Watch INSIDE JOB for confirmation of the above.

Casino's and Crooks NEVER had it this good.

3M Company Moves Most Capital Spending Outside US

Are you kidding me?  Why don't we just move most citizens out of the U.S. as well?

Without jobs....there really is no U.S. as we know it.

How do we know?

Housing Crash 2.0 is Accelerating

Just like I told you a few years ago...if you don't wake up, most of America will start looking like Detroit as Bernanke says there is no inflation and the economy is recovering.

NO AMERICAN WHO WITH ANY SELF RESPECT SHOULD INVEST A DIME IN ANY WALL STREET SPONSORED BUSINESS OR BANK.

6 Comments – Post Your Own

#1) On April 26, 2011 at 9:45 PM, ikkyu2 (99.51) wrote:

NO AMERICAN WHO WITH ANY SELF RESPECT SHOULD INVEST A DIME IN ANY WALL STREET SPONSORED BUSINESS OR BANK.

What - so they're supposed to leave us behind completely as they  drain off all the wealth of America?  At least if I own a little bit I'm profiting from the self-buggery.

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#2) On April 26, 2011 at 9:52 PM, alstry (35.76) wrote:

The wealth of America is in its production, its people, and its promotion of innovation and ingenuity.

Wall Street outsourcing the knowledge and production of the above is destroying America and all that our ancestors built.

Give America and Americans a chance....and we can and will compete with anyone......suck the life out of mainstreet, and America will die.

 

 

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#3) On April 27, 2011 at 1:02 AM, buffalonate (96.95) wrote:

There are several banks that never lost money during the financial crisis.  First Niagara Financial Group, M&T Bank, PNC Financial, US Bancorp, JP Morgan Chase, and Wells Fargo never lost money.  All of these banks are conservative by nature and have made significant acquisitions to fuel future growth.  I would think people that hate Wallstreet could learn to love banks that never lost a dime in a financial crisis. 

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#4) On April 27, 2011 at 8:29 AM, alstry (35.76) wrote:

They ALL lost money, but the accounting rules were changed to permit them to use enron type accounting.....Enron never lost money either.

You obviously do not have a very strong accounting/legal background.

It is when a few can use one set of books, but the many must use another, the many will fail if you subsidize the few. 

Pay attention, it is happening right before your eyes.

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#5) On April 27, 2011 at 8:42 AM, buffalonate (96.95) wrote:

i'll make you a deal.  You 3x short the financial industry(faz) and I'll 3x bull the industry.  You will be broke in a couple of years.  I am in a 3x financial bull etf and I sleep well at night knowing in the long run I will make a lot of money.  Their fundamentals are improving across the board.   

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#6) On April 27, 2011 at 8:52 AM, alstry (35.76) wrote:

You could have shorted Enron for 5 years and lost your shirt.....things will crash once the time comes.....and like all frauds, the time will come.....and then we will create a new system.

I am glad you sleep well at night.....and I hope you keep sleeping well.

The fundementals may keep improving until the government can't borrow anymore....once that happens, my guess is there will be very little fundementals left.

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