Hedge funds and naked short selling

3/22/2009:

The spark that started the global economic meltdown

A friend sent in this 24 minute video that, if you watch it – you will become infuriated at how a few privileged people managed to wreck the entire global economy – and got away with it.

“Short selling hedge funds lit the spark that led to the global economic meltdown. Now they want to help craft the laws Congress will pass to fix our broken regulatory system. That’s insane.”

And if you missed them – a few other videos regarding our recent economic collapse and real estate:

Leave a Reply

114 Comments on "Hedge funds and naked short selling"

MidnightRacer
Member

[quote comment=”146512″][quote comment=”146506″]actually, I don’t know what portion the U.S. is to give of the $1 trillion… but given that we tax payers have to always pay the bulk of these things for other countries, I’m sure it’s most.[/quote]

We aren’t giving them anything, we will just print more currency and devalue the dollar more ;-)[/quote]

Wouldn’t that mean that they’d have to kill more trees, incur even more heavy deforestation of the rain forest, and destroy the CO2 sequestration absorption mechanisms on the planet – creating a greenhouse effect which will destroy the planet?

YipYap
Member

matt_72 – they agreed to sell IMF-held gold to poor countries.
That means King Abdullah is smiling right now, because he gets to trade in his US Treasuries for Gold Bars at a discount rate.

emarche
Member

What kills me is that a big chunk is going to…the World Bank. Unreal. But hey: nations that are comprised of khat-addled gunmen who rape women, kids and cannibalize the rest deserve a bailout too!

matt_72
Member

[quote comment=”146506″]actually, I don’t know what portion the U.S. is to give of the $1 trillion… but given that we tax payers have to always pay the bulk of these things for other countries, I’m sure it’s most.[/quote]

We aren’t giving them anything, we will just print more currency and devalue the dollar more 😉

MidnightRacer
Member

actually, I don’t know what portion the U.S. is to give of the $1 trillion… but given that we tax payers have to always pay the bulk of these things for other countries, I’m sure it’s most.

wpDiscuz