frdm45

JP Morgan Shows Signs of Fatigue

A truly great and insightful article on naked shorting:

www.rollingstone.com/p...


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JP Morgan Shows Signs of Fatigue

And for your last comment, of course you are right, we are all to blame........no one needs three cars, a vacation house in Florida, trips to Europe every year; if you can afford it great, but doing it all on credit is just insane......why are we all so materialistic?

JP Morgan Shows Signs of Fatigue

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JP Morgan Shows Signs of Fatigue

Fair enough. I agree that there seems to be enough circumstantial evidence that some of these shorts last year engaged in rumor mongering which may have precipitated some of the collapses; I think that is blatantly illegal and should be punished. I also agree that some of these people/companies are parasite-like, as the one mentioned in your link, attacking companies or currencies when they are at their weakest, contributing nothing to the solution and reaping massive rewards at others expense. I guess I have the simplistic view that if you are not part of the solution you are part of the problem. I would definitely agree with the gist of what you are saying and that is these people are not helping the situation. But unfortunately it is part of capitalism, and you have to take the good with the bad, and regulations like banning naked shorts help a little I think to mitigate the "pile on" shorting that happens to some stocks. Also, I think the markets have been manipulated for so long by the rich and powerful and lobbyists, and the main stream media does little to expose this, because, of course, who owns the mainstream media? The question is do you want to know the truth and know things that are being hidden and do you think the masses can handle that info? Check out zero hedge, they have some really good info and articles. Here's another good link to some recent craziness that is happening:

harveyorgan.blogspot.c...

JP Morgan Shows Signs of Fatigue

Fair enough. I agree that there seems to be enough circumstantial evidence that some of these shorts last year engaged in rumour mongering which may have precipitated some of the collapses; I think that is blatantly illegal and should be punished. I also agree that some of these people/companies are parasite-like, as the one mentioned in your link, attacking companies or currencies when they are at their weakest, contributing nothing to the solution and reaping massive rewards at others expense. I guess I have the simplistic view that if you are not part of the solution you are part of the problem. I would definitely agree with the jist of what you are saying and that is these people are not helping the situation. But unfortunately it is part of capitalism, and you have to take the good with the bad, and regulations like banning naked shorts help a little I think to mitigate the "pile on" shorting that happens to some stocks. Also, I think the markets have been manipulated for so long by the rich and powerful and lobbyists, and the main stream media does little to expose this, because, of course, who owns the mainstream media? The question is do you want to know the truth and know things that are being hidden and do you think the masses can handle that info? Check out zero hedge, they have some really good info and articles. Here's another good link to some recent craziness that is happening:

harveyorgan.blogspot.c...

JP Morgan Shows Signs of Fatigue

Whoa! To the comment above, of course no one wants to revisit Armageddon. But please don't try to come off like a patriot, or make like someone is not a patriot for speaking their mind; if I'm not mistaken many heros of our country have given their lives for our most fundamental rights, and one of those is free speech. There have been a multitude of scams and frauds perpetrated on the American people by the people who should have our backs. Or do you think the SEC did nothing wrong by never investigating shills like Bernie Madoff, even though they were warned about his activities many times, those charities and widows deserve no pity. There was nothing wrong with all those mortgage brokers giving people mortgages who had no business having them, come on, the brokers were only being greedy capitalists. Or idiots like Dick Fuld who thought they could continue to take idiot risks and the govn't would bail them out...........and there are hundreds of other examples...........come on read some of the blogs, the American people have been fkced over, and just by pointing this out doesn't mean your not a patriot or don't love America. But wake up and smell the coffee, the days of America being a manufacturing powerhouse have gone, taken over by Asia, just as the US once took it over from England and Europe. This economy is in for some pain, and the longer it's delayed the tougher the medicine is going to taste.