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donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

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donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

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I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

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I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

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I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

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I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

[zzz]

I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

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drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

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drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

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cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

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cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

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cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

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