Monday, October 26, 2009

`We`re so fucked the rich are running out of things to steal` !


Wall Street's Naked Swindle

On Tuesday, March 11th, 2008, somebody
— nobody knows who — made one of the craziest bets Wall
Street has ever seen. The mystery figure spent $1.7 million on
a series of options, gambling that shares in the venerable
investment bank Bear Stearns would lose more than half their value
in nine days or less. It was madness — "like buying 1.7
million lottery tickets," according to one financial analyst.

But what's even crazier is that the bet paid.

Whoever bought those options on March 11th woke up on the
morning of March 17th having made 159 times his money, or roughly
$270 million.
the luckiest guy in the world,
the smartest son of a bitch ever or…
What really happened to Bear and Lehman is that an economic
drought temporarily left the hyenas without any more middle-class
victims — and so they started eating each other
We're in a place we haven't been
since the Depression: Our economy is so completely fucked, the rich
are running out of things to steal.
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