interestingMind

Obama's Windfall Profits Proposal Is Dangerous

Oil companies contribute a lot of money to politicians to influence the government policy. The the oil price goes so high is artificial not capitalism. Profits to the oil companies are powers to the military dictators because they only care about their own wellfare and they do anything to keep it that way including bribe.

When 95% of the world population is suffering and only a handful of oil companies are profiting, this is a scandel not capitalism. When politicians become part of the oil companys' bodyguards, people have no choice but to replace the politicians and restore true capitalism. Naturally, getting some of the windfall profits back is a true capitalistic act.

Citi, Merrill, WaMu: Death Spiral Financing

Are you shorting these stocks? If you are, then you are biased.