Seeking Alpha
Saturday, January 2 2010  |  01:07 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Friday, July 10, 2009
1:43 PM TweetThis
  • Evan Newmark at Mean Street wonders: How long before we have retail brokers recommending balanced portfolios of subprime CDOs, front-loaded mutual funds, and state IOUs?

This news story has 3 comments:

  •  
    This was a pretty satirical and funny piece..I laughed out loud at a few of the States he mentioned...good work.
    Jul 10 01:51 PM | Link | Reply
  •  
    Satire aside, the point is valid.

    Wall Street is once again telling investors: "OK, here's how it works. You pay us to let you spend your money to buy crappy investments. Got it? Good."
    Jul 10 01:55 PM | Link | Reply
  •  
    Sorry, forgot the rest:

    "And when the investment goes sour, you pay us again to get rid of it, plus you have pay off the insurance policy we took out on it.

    Then you keep paying us to keep your state economy from collapsing.

    Capiche?"
    Jul 10 01:59 PM | Link | Reply
Follow Market Currents on
Latest StockTalks
  • The EconomicJoker: I would not take seriously this holiday season jobs data which can be distorted by seasonal factors and poor reporting - Steven Hansen
    about 2 hours ago
  • The EconomicJoker: Something about a real book that appeals to me and many others (like my wife and friends). Do NOT want a Kindle.
    about 3 hours ago
  • Constance Blackwell: Advice to TRGL - please get drilling
    about 4 hours ago
  • about 6 hours ago
More StockTalks »

From our sponsors: