New Stock Market Paradigm:

New Stock Market Paradigm:

The recent 1,000 point crash in 8 min.
points to the possibility the Market could
be run down to "0" in 80 min.
( a system that can handle a trade in 16 microseconds, divide
a second into 1000 parts and it takes 16/1000 of a second to
do a trade, for an unlimited number of shares. G )

I believe they could do it much quicker.
But we have no evidence that that
could do it any quicker.

To you and I we store our wealth there.
Historically stocks have always been
the best place for the creation of wealth.

Wall St Banks have turned it into a casino.
-1,000 points in 8 min.
Deregulation has been a big boon to
Wall St. the corporate statesmen at
Enron said they did every thing for the
stock holders. Cheat, lie, steal buy
congressmen.

Wall St Banks are still using that paradigm.

But some didn't buy into that:
The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. (Berkshire Hathaway annual report, 2002) Warren Buffett...

Buffett's reputation is as a straight shooter. For years he had only contempt for fantasy finance securities that contain nothing but air and risk. He was among the first to see that if we let toxic securities like synthetic collateralized debt obligations run wild, we'd soon be engulfed in a financial crisis. (For an easy to read account of these "financial weapons of mass destruction" please see The Looting of America.)

But times have changed. Today, Buffett is all about the bottom line. He's taken to defending the biggest shysters in the country--and argues that his own questionable derivatives should be shielded from government regulators.

There's a genuine populist upsurge that might force the Senate to pass legislation that would bust up the largest banks, reintroduce Glass-Steagall, control dangerous derivatives and provide consumer financial protection. Buffett has decided instead to lend his credibility to defend Wall Street against Main Street.

AIG to pay off its debts in full to Goldman Sachs: $12.9 billion went straight to the company's bottom line and bonus pool. And pass those interest payments over to Mr. Buffett!

Is Warren Buffett Main

Street's Benedict Arnold?

The Wall St.Banks control Congress, through lobbyist and
payola, legal bribes/donations.

There is a rising populist tide against Wall St criminal banks,
and congressmen who support them.

When will the Banking Crimes end?

Sub-prime debacle.
Bail out of their criminal mess.
Too Big to fail.
Two sets of books, faking bottom lines.
Loan sharking, 30 CC and 460% payday loans.
-1,000 point decline on Wall Street.

WHERE DOES IT END?
WHEN DOES IT END?

THE MAFIA WOULD BE SO PROUD.

Gerald
Anthropologist
This is a very significant risk to National Security
.