'Financial Terrorism!' | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Financial Analysis over financial statements 1 reply

Financial Terrorism? 3 replies

"Random Acts of Terrorism in UK" -- Bloomberg TV 2 replies

MG Financial 9 replies

Financial Cowardice? A Question to ponder. 2 replies

Attachments: 'Financial Terrorism!'
Exit Attachments

'Financial Terrorism!'

  • #1
  • First Post: Sep 19, 2008 1:04pm Sep 19, 2008 1:04pm
Should governments be allowed to consider shorting of stocks, commodities, futures, etc as bad? When markets plunge, should they throw money to investment institutions who are suppose to manage risk for a living? Why should my money be given to big boys going down?

I say let them fall. When I blow up an account or am in financial distress, no-one comes to rescue me. Is selling the next war on terror we'll be fighting? We are spending just as much and even more without any discussion!

This is bull. I hate this administration, its policies and leaders. They are the real terrorists.

Let's all gang up and fight against 'financial terrorism' and kill all the bears!
  • #2
  • Edited 1:49pm Sep 19, 2008 1:38pm | Edited 1:49pm
what you don't realize is that if the US gov (which is you and me) did not bail these bank out then we would be complaining about alot, alot more. The financial system was on the verge of massive calapse. According to some sources, if the gov had not stepped in before this weekend then next week would have seen some of the most disasterous days since the 1929 crash.

as for short selling. the gov only restricted if for a period of time on financial stocks not all other stocks. this is resonable since short selling under such circumstances breeds more short selling and can devalue a bank stock well below its book value. financial stocks in many cases are a little different than ABC company stock because their financial life blood is connected to so many other sectors of the economy. If a large bank goes down without some kind of intervention, private or otherwise, then it is not just the stock holders that loose. It is every other company, business, homeowner, creditor, debtor and international concern connected to it.

I do think that they should not however be given a free pass. This mess should have been prevented 12 or so years ago when the seeds for this debacle were planted by loose regulatory measures.
  • #3
  • Sep 19, 2008 2:23pm Sep 19, 2008 2:23pm
Quoting jeta
Should governments be allowed to consider shorting of stocks, commodities, futures, etc as bad? When markets plunge, should they throw money to investment institutions who are suppose to manage risk for a living? Why should my money be given to big boys going down?

I say let them fall. When I blow up an account or am in financial distress, no-one comes to rescue me. Is selling the next war on terror we'll be fighting? We are spending just as much and even more without any discussion!

This is bull. I hate this administration, its policies and leaders. They are the real terrorists.

Let's all gang up and fight against 'financial terrorism' and kill all the bears!

Hello jeta!!!
I’m not saying that you are completely right but it’s confusing when governments are concern about the financial situation of a few ones. It’s confusing and suspicious. But I agree with you about let them fall. Only they must be responsible of their mistakes, not the people who pay taxes and who don’t make stupid things.
  • #4
  • Sep 19, 2008 2:58pm Sep 19, 2008 2:58pm
Tax will go through the roof, inflation 5%+ for the next 10 years+
why.
Modern government is just another business, and like any other business they have investors ie campain contributors that want a return on there investment.
The wars and the 100 billion bill for the banks bail out + AIG imo that's a bloody big bill to pay.

And being a business nothing is done for free.
  • #5
  • Edited 3:01pm Sep 19, 2008 2:58pm | Edited 3:01pm
I think that when a company should go under that by all means it should go under, after all what is the difference if there is a mess to clean up after a big company goes under or there's a mess to clean up to keep it from going under? not much difference to me as someone will be along to take it's place, like Barclays swooping in to buy parts of Lehman Bros after the bankruptcy filing.

Here is a link to a very interesting article on the demise of Bear Sterns and on the last page it tells of a rumor that Lehman Bros was next and if you remember shortly after Bear Sterns went down that Lehman Bros did indeed have some trouble on the stock market, then the SEC stepped in with a bunch of talk and everything cooled off, for awhile.

http://www.vanityfair.com/politics/f..._stearns200808

this link is for page 8
http://www.vanityfair.com/politics/f...?currentPage=8
  • #6
  • Edited 6:13pm Sep 20, 2008 6:01pm | Edited 6:13pm
These financial institutions are in the business of risk. They are able to make billions (Top officials of 4 biggest investment institutions combine for around $90 billion in salaries and bonuses over last 4-5 years!!!!!!)! These guys have unbelievable wealth because they are in the risk business. When times are good and markets are running smoothly they become more and more greedy. Why is it that when they take on too much risk and ruin corporations and huge firms they remain untouched? Why do they still have much much more and are wealthier than the average person? Do they deserve it? It is absolute nonsense.

When you are in the risk management business and you fail to manage risk well and as a result are failing, why should the public save you? If my milk business is not going well because I put toxic chemicals in my milk and kill babies "accidentally" due to this, should the people I am selling the milk to help me out? When times are good banks are milking people through high interest rates and squeezing as much money out of them as possible making twice the average return as compared to other SP500 traded companies due to lack of regulation on their bets etc. So now what? We the people are suppose to get screwed when times are good AND when times are bad?... Hahahahaha

Politicians like the Fed, the beloved Bush and his posies have been preaching about free markets, no government intervention in banks' businesses etc, but when things turn to shit, they are all jumping in to save the wealthy?

What about all the people who are being kicked out on the streets because banks are foreclosing their homes? What do you think happens to these people and their families? They happily admit they don't deserve to be property owners and find a nice cozy apartment to live in?

Who is helping them?

I am so disgusted by what has happened recently.
  • #7
  • Sep 20, 2008 6:05pm Sep 20, 2008 6:05pm
When do I get my government secured American Express card ( Uncle Sam edition )?
  • #8
  • Sep 21, 2008 5:14am Sep 21, 2008 5:14am
While all these institutions fail, the 'retiring' CEO's still get their 'Golden Parachuts' worth millions.
  • #9
  • Sep 21, 2008 5:43am Sep 21, 2008 5:43am
Quoting jeta

Politicians like the Fed, the beloved Bush and his posies have been preaching about free markets, no government intervention in banks' businesses etc, but when things turn to shit, they are all jumping in to save the wealthy?

What about all the people who are being kicked out on the streets because banks are foreclosing their homes? What do you think happens to these people and their families? They happily admit they don't deserve to be property owners and find a nice cozy apartment to live in?

Who is helping them?

I am so disgusted by what has happened recently.
I understand your frustration but isn't this why the government is stepping in? The government is caught between the devil and the deep blue sea. Damned if it does and damned if it doesn't.

Hopefully by buying all the toxic debt it can leave people in their homes until the market picks up and a solution can be found.
  • #10
  • Sep 21, 2008 5:59am Sep 21, 2008 5:59am
it's a bunch of bs because the taxpayers are bailing out these companies, but there is no help for the taxpayers, we just get to pay for it. people are still going to lose their homes
  • #11
  • Sep 21, 2008 12:31pm Sep 21, 2008 12:31pm
I thought the whole idea of a government is to PREVENT things like this from happening and NOT so much to intervene AFTER they happen...

This is happening on average every 10 years or so. Happened in the 80s, late 90s and now.

The government has continuously failed to prevent the cause and is only stepping in after the fact.

Quoting willf
I understand your frustration but isn't this why the government is stepping in? The government is caught between the devil and the deep blue sea. Damned if it does and damned if it doesn't.

Hopefully by buying all the toxic debt it can leave people in their homes until the market picks up and a solution can be found.
  • #12
  • Sep 22, 2008 10:20am Sep 22, 2008 10:20am
Quoting jeta
I thought the whole idea of a government is to PREVENT things like this from happening and NOT so much to intervene AFTER they happen...

This is happening on average every 10 years or so. Happened in the 80s, late 90s and now.

The government has continuously failed to prevent the cause and is only stepping in after the fact.
We can see today that the world is going backwards. We are living in the same problems. If my grandma were alive she would be amazed about the problems in Geogia and the moves that Russian has been doing. It’s the same history with the same people. The big question is why the governments are reacting in the same way when that didn’t help 50 years ago, or 20 years ago, or even now? They should learn from the past and use other methods, just to change a bit.
  • #13
  • Sep 23, 2008 12:48am Sep 23, 2008 12:48am
It will be really funny if the government fails to slow down the stock market slump, the USD gets bend over and mounted from behind, inflation skies along with commodities while and financial institutions continue get wacked...
  • #14
  • Sep 23, 2008 3:37am Sep 23, 2008 3:37am
Quoting jeta
It will be really funny if the government fails to slow down the stock market slump, the USD gets bend over and mounted from behind, inflation skies along with commodities while and financial institutions continue get wacked...
thats what will happen ... it ll be a slow pain though since usd is used widely ... many will try saving it ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #15
  • Sep 23, 2008 1:17pm Sep 23, 2008 1:17pm
what i loved about the whole thing with the short selling and whatever is that the day after they banned shorting, all those stocks dropped tremendously. the congress is just full of retarded children who believe the first thing they hear. one guy says "shorting is bad" so they ban it. another dude says "speculators are evil" and they try to combat speculating. its so freakin retarded. speculators provide liquidity. short sellers sell their stock to people who want to buy it. and by the way, to the guy with the second post, w are NOT the government. we havent been in charge of the government for years. this country is ruled by a bunch of rich powerful idiots who think they know what is best for everyone who isnt like them. retarded.
  • #16
  • Sep 23, 2008 3:57pm Sep 23, 2008 3:57pm
Couldn't agree more...

Quoting blacksun1
what i loved about the whole thing with the short selling and whatever is that the day after they banned shorting, all those stocks dropped tremendously. the congress is just full of retarded children who believe the first thing they hear. one guy says "shorting is bad" so they ban it. another dude says "speculators are evil" and they try to combat speculating. its so freakin retarded. speculators provide liquidity. short sellers sell their stock to people who want to buy it. and by the way, to the guy with the second post, w are NOT the government. we havent been in charge of the government for years. this country is ruled by a bunch of rich powerful idiots who think they know what is best for everyone who isnt like them. retarded.
  • #17
  • Sep 23, 2008 4:08pm Sep 23, 2008 4:08pm
Quoting jeta
It will be really funny if the government fails to slow down the stock market slump, the USD gets bend over and mounted from behind, inflation skies along with commodities while and financial institutions continue get wacked...
You live in Irvine, California.

HOW could any of this be funny?

I am not disagreeing with you per se.....just that you will feel the effect as well.

Clockwork
  • #18
  • Sep 23, 2008 4:11pm Sep 23, 2008 4:11pm
The US BAILOUT will fail this is a quick fix which will not work and by Jan 09 we will still be in for a crash. The Trillion Dollars will just be a good paycheck for those in power as they leave. I am waiting for my bailout.
TommyT
  • #19
  • Sep 23, 2008 4:23pm Sep 23, 2008 4:23pm
Quoting jeta
These financial institutions are in the business of risk. They are able to make billions (Top officials of 4 biggest investment institutions combine for around $90 billion in salaries and bonuses over last 4-5 years!!!!!!)! These guys have unbelievable wealth because they are in the risk business. When times are good and markets are running smoothly they become more and more greedy. Why is it that when they take on too much risk and ruin corporations and huge firms they remain untouched? Why do they still have much much more and are wealthier than the average person? Do they deserve it? It is absolute nonsense.

The real question is this: Who DECIDES whether or not they deserve it? However, I believe they should be held accountable for their actions. (i.e. going out of business, locked in a room with the clients that they lost all that money for, etc.)

When you are in the risk management business and you fail to manage risk well and as a result are failing, why should the public save you? If my milk business is not going well because I put toxic chemicals in my milk and kill babies "accidentally" due to this, should the people I am selling the milk to help me out? When times are good banks are milking people through high interest rates and squeezing as much money out of them as possible making twice the average return as compared to other SP500 traded companies due to lack of regulation on their bets etc. So now what? We the people are suppose to get screwed when times are good AND when times are bad?... Hahahahaha

It's a bitch, but truthfully.....we CANNOT have this much failing in the financial system. However, jail time might help. Or how about public beatings? Or again, locked in a room with the people you hurt.

Politicians like the Fed, the beloved Bush and his posies have been preaching about free markets, no government intervention in banks' businesses etc, but when things turn to shit, they are all jumping in to save the wealthy?

This behavior has been going on longer than Bush has been in office. This is just the latest round. It WILL happen again. I cannot say what form it will take, just that it will happen again.

I cannot say anything other than: They tend to stick with their own. That's life, and the way things work in nature as well.

What about all the people who are being kicked out on the streets because banks are foreclosing their homes? What do you think happens to these people and their families? They happily admit they don't deserve to be property owners and find a nice cozy apartment to live in?

Who is helping them?

Who cares? Anyone that is willing to sign a $300k loan, and not read the part about the rates adjusting, and being bothered to do the math is an idiot. WHY would someone making $25,000 a year think they can pay a $1800 a month mortgage? It wasn't that hard to figure out.

I know, I am a contractor. I didn't do new construction.....but I improved houses that were only a year or two old. Crappy construction, and morons getting 120% loans for them. There is plenty of blame to go around. I suppose it's my fault for taking their money as well? (I cannot tell you how many times someone paid me with some of their large loans that covered everything, and more.)

Sooner or later - you have to pay back the loan. Period. To say they didn't know any better just says they are ignorant. Housing prices only go up I suppose?
I am so disgusted by what has happened recently.

I am too. Sadly, there is no quick fix. I think we are going to be picking our way through the rubble for a very long time on this one. There is PLENTY of blame to go around, but blaming people isn't fixing the issue. I know, I know.....someone should pay for this.....but they won't. This time isn't any different. All the politicians have too much money riding on various groups. Washington is good at doing nothing. We have a person who has been in the Senate for something like 2.5 years, and he has been running for President MOST of that time. Hmmm......

As usual, there's no justice - JUST US.

Clockwork
  • #20
  • Sep 23, 2008 4:33pm Sep 23, 2008 4:33pm
Yes, I live in the heart of Orange County. Nothing here has changed at all. There are no obvious foreclosures around here.

Everyone here drives BMWs, Benzes, Bentleys and the likes...

Those are the people being bailed out...

Taking our money and having a good laugh while we slave away for every hard earned penny.

Disgusting.

Quoting clockwork71
You live in Irvine, California.

HOW could any of this be funny?

I am not disagreeing with you per se.....just that you will feel the effect as well.

Clockwork
0 traders viewing now