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RANsquawk Market Wrap Up - Stocks, Bonds, FX etc. – 27/10/10

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Submitted by RANSquawk Video on 10/27/2010 16:20 -0400



 

 
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Wed, 10/27/2010 - 17:50 | 681655 zeroman
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YOU GUYS DON'T GET IT.  YOU KEEP THINKING THAT BANKS ARE GOING TO GET BURNED BY THE GOVERNMENT. HA HA HA .  HERE IS HOW IT WORKS.

THE GOVERNMENT PROTECTS THE BANKS BECAUSE THE BANKS ARE THE PRIMARY DEALERS.  THIS ISN'T A MATTER OF BEING BUDDIES WITH THE BANKS.  THIS IS ABOUT SURVIVAL. IF THE TAKEDOWN REQUIRED BY THE PRIMARY DEALERS TO ABSORB THE EXCESS DEBT DOESN'T OCCUR, WE ARE SCREWED. SO WE HAVE THEM TAKE

CARE OF THIS AND THEN THEY GET TO PLEDGE THEM AND GET CASH FOR FREE!!

THIS IS CALLED A PONZI SCHEME. BERNIE MADOOF LEARNED IT FROM

THE BEST

 

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