Read Vet67to82's blog in RSS
May 11, 2010
Share This
Really, these entities are exploiting every regulatory loophole and gap for profit to the detriment of the rest of us. Mr. George Soros' attack on the Bank of England pound sterling paved the way for an apparent multitude of GS wanabees. Black Wednesday (September 16, 1992), when Soros' shorted 10 billion, and MADE about 1 to 1.1 BILLION, and forced the UK to withdraw from the Euro ...
Sadly, every gov't learns and tries to close the loopholes, gaps .... only to wind up creating MORE holes ... and these entities are paying a lot of people BIG money to FIND the holes ... it should be labeled EXPLOITATION 101.
Greece: If left alone ... it would have taken YEARS to either work itself out, or result in bankruptcy. Now, the bets institutional investors, hedge funds, leveraged ETFs, etc are systematically making and FORCING blowups and blowouts to come to a head in a span of DAYS, without any regard for the consequences of, and to, the Greek people .. and without regard for the ripple effects throughout the global economy. Global meltdowns are going to become common occurrences unless these entities are FORCED to play nice.
Regarding the "error" meltdown, Bad2dbone asked an excellent question: " ... was it a dumb human mistake or a deliberate attempt to manipulate the markets disguised as a dumb human mistake ... and how do we tell the difference ... look at everyone who bot puts or sold calls ? " Yes, look at everyone who bot puts or sold calls. plus anyone shorting the stock .... naked shorting, shorting against the box ( ah ha - already had ) also look for margin calls ... possible forced sale(s) to cover losses elsewhere
