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there is actually a government agency whose sole purpose is to "stabilize" the financial market / wall street (obviously using taxpayer money to do so). the name of this agency is the president's working group on financial markets.
of course its fixed, but its fixed for the large businesses that play in the wall street field. The CEO makes a call and the stocks go up and down depending on what he wants, but I thought thats normal.
Seeing as a company is controlling its own stock success. Why would i think anything else?
i do think we are becoming aware of how we are being duped by both wall street and the government working in tandem currently. even though our government has been telling us that we would make money on the bailout, it is certainly easy enough to see that bank of america and merrill warrants are down 88% since the bailout......
Forget the bailout money. What about all the folks that played by the rules and invested 15% of their gross income for the last 40 years. These are the people that have been cheated out of their accumulated wealth. From the streets point of view this wealth has been properly transferred from the investors to the speculators.
Fixed? Perhaps if people want to believe it but I doubt it. We took money from peter who is currently nine years old and gave it to his grand parents paul and mary. There is more pork in the bail outbill to say that our government has not changed one bit, even in face of terrible economic times. Maybe I am getting ahead of myself. Washington and Wall Street wants us to think happy happy things even in the face of job losses and personal economic ruin. So please every one please put on a smiley face, or else.
I have no complaints, Wall Street treats me very well. I have always believed instead of complaining about someting find out how it can benefit you.
Even if it means another generation will be paying the price? Its the "All about me" attitude that got us to this point.
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