sadpuppy2

Global Precious Metals Correction: Healthy and Overdue

So please help me get this straight.

It is perfectly OK to for an executive of a publicly traded company to go on all the national media and completely ignore his fiduciary reponsibilities by issuing what can at best be called misleading statements.

Then its OK for a group within the Federal government to overstep its charter to provide $30B to take the risk out of one company acquiring a longtime competitor since there was (please choose) a) no time to the due diligence or b) the due diligence was done in anticipation of this very moment.

Better yet the $30B does not a) recompense the shareholders who not only include pension funds but also widows and orphans, b) does not guarantee jobs for the seemingly overpaid and under attentive employees (who will soon need mortgage relief) and c) since no one knows whose mortgages have just been guaranteed, not a single homeowner got any relief either... and oh yes d) we now own $30B of stuff that not only nobody wants but nobody knows what it is....

Flitting past any suggestion of moral hazard, lets move on to outright immorality in the form of collusion once again amongst publicly regulated companies. Can anyone please explain how enough investors got themselves organized within a few hours to drop a supply of physical gold greater then that held by China or the European Central Bank some 20% in value in a few hours? While miraculously the financial institutions rose by a near equivalent percentage in those same few hoursthough there was no change in their condition?