Why wasn't trading on Bear Stearns suspended, all the insiders knew BS was going to go from $70+ to $2 and they knew when? They raped BS's shareholders. Now you know why Eliot Spitzer had to go, he would not have allowed this to happen. The entire NYSE should have been suspended. If I knew what they knew, and knew that there would be no repurcussions, I could have easily made a billion dollars. I could have closed out my put options at $2 and gone long to $10. It was guaranteed money. No brainer
Nuclear security officer, 37, Streator, Ill. I lost my job in September 2007. I was putting into a 401(k) for the last couple of years prior to losing my job. I only had a little over $30,000 in my account. Of course I had several credit cards, a house payment, utilities and two car loans. I didn't know what I was going to do. I decided to painfully cash out my 401(k) to survive. After the penalties, I walked away with just over $19,000.
The big banks will continue to get bailed out because they are the ruling class. I am working on a few deals with Dubai investors and guess what they told me today...The only reason the Las Vegas is still somewhat afloat is that Citibank is bailing them out in order to have a playground for the rich. The money coming into Las Vegas is all Dubai money and Citibank. This is how the elite shakedown the middle class and restructure the wealth.
Hasn't the Tropicana folded? Hey, the fifth largest pension fund in the world is Viet Nam, and they no longer deal with ANY U.S. government securities!
Jamie Dimon, CEO J P Morgan, is also a director of the NEW YORK FED. Isn't this a conflict to steer this deal to J P Morgan. The good old boys take care of their own.
Exactly the proof is in the pudding! Whos next!They have been playing games for decades! The rest of them will be bailed out behind closed doors because they need to maintain our confidence in a joke of a banking system!My biggest issue is who BAILS out the individual in a free market economy! Erm NOBODY!
the reserve in Australia is independent of federal government influence and will lift interest rates as high as needed to maintain the value of the Aussie dollar against say the Euro, the new world reserve currence in waiting.
Thanks a mill for the quick response. I heard that traditionally the aussie dollar moved in rough correlation with the u.s dollar vis a vis asian currencies but is that relationship well and truly over?And also did you say there interest rates in australia will spike too and foreclose a lot of people or were you referring to the u.s market more or both?
That bomb sound effect is so loud. I'd like to ask where do you see the aussie dollar/economy and other currencies moving after the u.s dollar/economy collapses? everyone says gold/silver but is there a currency safe haven?
They are bailing out banks and not people who face foreclosures, why not help people rather than leave empty houses for vandals and thives to destroy the values even more.
I just love how they stole 30 million from us, the tax payers, to give to those greedy bastards. I'll be thanking you with my fists when I see you, Bernanke! And don't get my started on congress.
Hey man, I like your style. You look more professional than amateur.
HLMSR 3 years ago
Bear Stearns CEO and Directors should be investigated for fraud.
southdakota1001 3 years ago
Why wasn't trading on Bear Stearns suspended, all the insiders knew BS was going to go from $70+ to $2 and they knew when? They raped BS's shareholders. Now you know why Eliot Spitzer had to go, he would not have allowed this to happen. The entire NYSE should have been suspended. If I knew what they knew, and knew that there would be no repurcussions, I could have easily made a billion dollars. I could have closed out my put options at $2 and gone long to $10. It was guaranteed money. No brainer
gingermax 3 years ago
Thankyou Hopefl1, I feel for these people.
myspacesecrets 4 years ago
Part #1. Another story of just making it .
Nuclear security officer, 37, Streator, Ill. I lost my job in September 2007. I was putting into a 401(k) for the last couple of years prior to losing my job. I only had a little over $30,000 in my account. Of course I had several credit cards, a house payment, utilities and two car loans. I didn't know what I was going to do. I decided to painfully cash out my 401(k) to survive. After the penalties, I walked away with just over $19,000.
Hopefl1 4 years ago
I feel for you. It happened to me in 1994. I had to leave the US for good. Don't let it happen to you again!
slobomotion 3 years ago
Things are getting tough for many people. I think that we need to rethink are way of living and live within are means.
Hopefl1 3 years ago
Thanks markymarkuss
myspacesecrets 4 years ago
Semi-trucker companies going on strike April 1, 2008. Check it out :
thetruthaboutcars . com/april-fools-day-truckers-shutdown-gains-momentum/
markymarkuss777 4 years ago
Yes! I have heard similar.... scary but true!
Middle class American Citizens are a dying breed!
myspacesecrets 4 years ago
The big banks will continue to get bailed out because they are the ruling class. I am working on a few deals with Dubai investors and guess what they told me today...The only reason the Las Vegas is still somewhat afloat is that Citibank is bailing them out in order to have a playground for the rich. The money coming into Las Vegas is all Dubai money and Citibank. This is how the elite shakedown the middle class and restructure the wealth.
Quantrill71 4 years ago
Hasn't the Tropicana folded? Hey, the fifth largest pension fund in the world is Viet Nam, and they no longer deal with ANY U.S. government securities!
slobomotion 3 years ago
Jamie Dimon, CEO J P Morgan, is also a director of the NEW YORK FED. Isn't this a conflict to steer this deal to J P Morgan. The good old boys take care of their own.
chipleyfla 4 years ago
Exactly the proof is in the pudding! Whos next!They have been playing games for decades! The rest of them will be bailed out behind closed doors because they need to maintain our confidence in a joke of a banking system!My biggest issue is who BAILS out the individual in a free market economy! Erm NOBODY!
Joyriser 4 years ago
Great graphic!
manoftruth 4 years ago
the reserve in Australia is independent of federal government influence and will lift interest rates as high as needed to maintain the value of the Aussie dollar against say the Euro, the new world reserve currence in waiting.
borstsalami 4 years ago
Yes it does. Thanks v much again. Rock on
andrewebisu 4 years ago
Thanks a mill for the quick response. I heard that traditionally the aussie dollar moved in rough correlation with the u.s dollar vis a vis asian currencies but is that relationship well and truly over?And also did you say there interest rates in australia will spike too and foreclose a lot of people or were you referring to the u.s market more or both?
andrewebisu 4 years ago
the aussie dollar will continue to go up.
Both coutries have differneces yet are the same. i.e. We will continue to have forclosures but no where near the extent that you guys are.
As fed lowers intrest rates we are raising? so we will be effected and go through a rough patch but US is in for a rude shock.
hope this helps.
myspacesecrets 4 years ago
i would say the swiss, the euro, remindi etc
anything but the USD, its a dead duck!
myspacesecrets 4 years ago
That bomb sound effect is so loud. I'd like to ask where do you see the aussie dollar/economy and other currencies moving after the u.s dollar/economy collapses? everyone says gold/silver but is there a currency safe haven?
andrewebisu 4 years ago
Buy silver NOW while you can still afford it!
Mojopokey 4 years ago 4
Another excellent analysis. Thanks
EVCarolina 4 years ago
They are bailing out banks and not people who face foreclosures, why not help people rather than leave empty houses for vandals and thives to destroy the values even more.
Bogdanua 4 years ago
yes the rich get richer they get paid to drive around in their ferrari's while the average investor gets nothing but heartache.
It will get worse in the coming months.
Depression will set in next year! *sigh*
myspacesecrets 4 years ago
Yes the lies continue. The dollar will die a miserable death.
myspacesecrets 4 years ago
Paul from melbourne here.
How do you think australia is going to pan out.
Will house prices plumet.?
mrchekky 4 years ago
I like my money shiny.
HelplessMammal 4 years ago 3
I just love how they stole 30 million from us, the tax payers, to give to those greedy bastards. I'll be thanking you with my fists when I see you, Bernanke! And don't get my started on congress.
JackNeedles 4 years ago 2
Aw for crying out loud the idiot cut more points. Somebody pull this idiot pirate Barnicle Barnake out of the captians chair and keel haul him.
medicatedsaint 4 years ago 2
7 mins 50 just isn't enough. I could listen for hours.
p.s dear mr myspacesecrets I'd be honoured if you watched my card video. Poker, investments... it's all closely linked ha ha.
chrisbeer 4 years ago
sure i will take a peek!
myspacesecrets 4 years ago
cramer is just a talking head, trying to make more money for his multimillionaire college dorm mates that now live on wall st.
Be gone!
This is horrible I feel sorry for the mum and dad investors that stayed in on this ill advice. I am hearing some really bad stories...*sigh*
myspacesecrets 4 years ago
Cramer trying to defended his call on friday .
LOL its funny
cnbc com/id/23678693
TheOmagaMan 4 years ago
I don't think anyone is big enough to buy out Citigroup if it goes splat, unles the Fed buys it.
Puzzoozoo 4 years ago
cheers mate. just out of interest, are you one who sees a dramatic change in the social order in the US as a result of this situation?
Convisis 4 years ago
I think there will be many changes globally, but especially for the U.S.
myspacesecrets 4 years ago
LOL!! It's the dollar crashingggg! hahaha!
markymarkuss777 4 years ago 2
Hey bro. You should have Bernanke below trying to catch that plane.
Hopefl1 4 years ago
LOL nice
myspacesecrets 4 years ago
WAMU now at 9.21 a share. Had a 52 week high of $44.66. 52 Week low of $8.72.
Hopefl1 4 years ago
Good stuff. I like the "Godfather" reference
JP5466 4 years ago
whoops correction :- i said dollar was at 70c level. That should be $70 level.
LOL but how long till it hits 70c ...he he
myspacesecrets 4 years ago