It actually dawned on us the other day, that when we talk about transparency, we should also be talking about our congressmen and Senators, too. As they are crying out for the folks at Merrill, we think it would be prudent to be able to see the portfolios of our elected officials to see how many are "short" the market?
Until this point it has been obvious that Bernie and his crew are not fans of banks, well actually any financial company. This is most ironic when you consider most of the hypocrites have the same position now as they did when they were overseeing the creation of this mess. It would be interesting to see how many of them were long the market as they were encouraging the idea that every American should have a home and how many are now short the market. Old fashion market manipulation at it's finest.
We can all see clearly that the agenda now is not "fixing the economy," but rather leveraging it to gain on their personal agendas. Why else would the stimulus package be 1100 pages long and have passed before anyone could read it all. From what we have seen from Joe Biden, the man in charge of making sure there are no earmarks, it would most likely take half of his term just to read it and the other half to figure it our.
Well the good news is we are now spending $8 billion on a high speed train from Disney to Las Vegas, which is probably an obvious top priority for America. Good job Boys and girls...
Showing posts with label short the market. Show all posts
Showing posts with label short the market. Show all posts
Saturday, March 7, 2009
Subscribe to:
Posts (Atom)