Niner

Why Friday Was Such a Critical Day for Bank Stocks

My comments are not the most popular ones here on the board. But, htat hasnt' stopped me.

I agree with you. These funds and their activities have to be regulated/overseen. I really don't like to quote Cramer; but, at least I Think he said this. "Pigs get slaughtered". These greedy Pigs (read Hedge Funds) have lead us all to the slaughter.

The Hedge Funds with their Trillions of dollars were speculating in oil in the spring and early summer of '08. When speculation began to catch a lot of heat in July, they switched to shorting the market especially Financial instutions.








On Feb 22 10:27 AM James Wilson wrote:

> The President of the United States said We WILL Support the Banking
> System.
> To some that means nothing.
> To Others that means the U.S. President just threw the weight of
> the U.S. Government behind the banking system.
> Just like the Fannie and Freddie who were foced to assume the lions
> share fo the fraudently written loans with overvauled appraisials.
> The U.S. Treasury stands behind their value.
>
> Looks like the Hedge Funds have enough money to lay off shore and
> Short the U.S Market into a deep recession or depression at will.
>
>
> Unless the SEC or Congrees ties the Hedge Funds to ownership of the
> Banks and the Subprime Lenders showing a clear picture of CRIMINAL
> BEHAVIOR with this being a TERRORIST ATTACK ON THE U.S. ECONOMY by
> PROFITEERS!!!!!!!!