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alstry (35.45)

WARNING!!!! Bend Over

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September 18, 2008 – Comments (6)

You are about to get the hot injection from Wall Street.

Real Estate prices crashing around the country.  Now even here in New York City.  Businesses Failing.  Hospital Systems cash flow getting squeezed because of too much debt.  Same with municipalities and states.  We are about to enter the largest wave of bankruptcies in American History.  And our government is talking about buying bad debt??????

From who?????  There will be tens of trillions of dollars of bad debts???  Everybody will own bad debt.  Businesses, Banks, Brokerages, ect....The whole concept is a joke?????  There will be no way to enact such nonsense to distinguish constitutionally who gets to sell bad debts and who doesn't.  Aren't we a government of the people.....not just the banks????

So what are they doing.....restricting short selling????  Are you kidding me!!!!!!!!

How bad must things be if they are worried about short selling??????  If things were OK they would be encouraging short selling so they could fleece those nasty shorties.

What is coming....who knows???? But it will be BIG and likely very soon......so get ready and BEND OVER.

 

6 Comments – Post Your Own

#1) On September 18, 2008 at 6:17 PM, jesusfreakinco (29.54) wrote:

Govt style RTC fund buying debt and assets before the companies enter Ch 11.  Call, write and harrass your Representative and Senators to say NOOOOOOOO to public funding.  They are stealing money from our children before our eyes. 

Take a look at this information from the former Comptroller of the US, David Walker - http://www.pgpf.org/

Alstry is right, we are being raped and pillaged by our own government!

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#2) On September 18, 2008 at 6:27 PM, daayoo (< 20) wrote:

If they do take the debt I think the dollar is foooked!!

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#3) On September 18, 2008 at 6:28 PM, motleyanimal (97.70) wrote:

I forget now...Is Bush worse than Hitler or Hoover?

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#4) On September 18, 2008 at 6:28 PM, EScroogeJr (< 20) wrote:

"Real Estate prices crashing around the country.  Now even here in New York City. "

I guess, we are thinking of two different New York Cities. 

 

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#5) On September 18, 2008 at 8:25 PM, angusthermopylae (41.20) wrote:

More than two ? marks is the sign if an unbalanced mind.  :-D

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#6) On September 18, 2008 at 8:36 PM, angusthermopylae (41.20) wrote:

Sorry...long day, bitter humor at the goings on, and a bad joke.

Seriously:  I agree that propping up over-leveraged industries is going to take a toll that will "surprise" everyone.

The reason it'll be a surprise:  All over the IntarWebs, there are articles about how "no one saw this coming" and "it's obviously the shorts causing it."  And yet, I've seen here, on CAPS, repeated over and over, reasoned and well thought out debate over the direction and impact of the current financial situation.

Not to blow a rainbow up anyone's patootie, but my time in CAPS has led me to believe that the signs are all there, for anyone to see. Even if two people are on opposite sides of the builder/banker debate, or disagree on inflation/deflation, they still pretty much agree that something rotten is developing...has been developing.

Agree or not with the predictions of floridabuilder, alstry, TMFSinchurina, and a host of others, I don't think anyone on CAPS who reads these blogs is taken completely by surprise.

That's all.  No deep analysis, just glad to see that some one, some where, is trying to put the pieces of the puzzle together.

I'm going to watch the Paulson/Bernanke/Whoever conference now.  Maybe I'll be able to keep my blood pressure down by laughing through my tears.

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