Sailorman

Cramer's Mad Money - It's the Economy, Obama! (7/8/09)

I didn't write this, but I could not have done it better. Cramer you are all wet and need to consider the investor not the system!

We the consumer are being ripped off by the banks, insurance companies, wall street, the health care and oil industries.

Dear Goldman Sachs,

I finally figured out how to prevent you from skimming more of my hard- earned money with your automated trading programs, armies of MIT math PhDs, and connections at the highest levels of world governments.

I took all my money out of the market.

I did a Sarah Palin - I just f'ing quit, is all.

I'm not going to try to beat you. I'm not going to try to co-exist with you, because I know it can't be done. It is impossible for any retail/small/individual investor to get a fair shake in a system where your software programs chug along all day figuring out how to take a penny here, a dollar there, half an account over in the other place. You win. You cannot be beaten. You are the perfect confluence of technology, accumluation of capital, financial innovation, corporate- government partnership, and a complete void of public or community interest. You are a vampire that cannot be killed or stopped.

So, just take it all from the remaining handful of people who are still trying to so-called "invest", and then go pay it all out in bonuses. I am in CDs, with a handful of options for fun. You drove me out of the market. I will never be back. Far as I'm concerned, you can corner every last cent of every last still-extant investor and then buy an island or a whole continent or something with the profits.

Just don't expect me to be back to play again in 2010 or 2015 or 2020. I'm out for good. Your business model is cannibalizing itself. You will be gone in 20 years because there will be no one left to skim. The last person will hand over the last share to you. Your computer program will identify one last peso sitting in some corner of some bar in Manila, and then you will execute a tricky trade to scoop it up at 1/10th of true value, and then there will be nothing left for you to do.