No idea. I only talk about what I know. And that's bad enough! -------------------------- There are only two things I dont know, women and money.
No one who appears regularly on television has any idea about the markets. I think O'Rielly is great for making logical opinions that relate to social and political issues but when he accuses speculators for the gas prices and his easy to see ignorance of the bailout i can't help but cringe.
Why inject the truth? What don't you understand about 'documented'? And why did the SEC cover it up, until they screwed up, and released 50,000 pages of documents they were sitting on for the prescribed six years. God, you guys are thick.
Replace capitalism with Islamic financial system: cleric Oct 12 11:19 AM US/Eastern Egyptian-born cleric Sheikh Yusuf al-Qaradawi, seen here in ... Muslims should take advantage of the global financial crisis to build an economic system compatible with Islamic principles, influential Sunni cleric Sheikh Yusuf al-Qaradawi said on Sunday. "The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up," said the Egyptian-born, Qatar-based cleric. "The Western system has collapsed and we have a complete economic philosophy as well as spiritual strength," he said at Sunday's opening of a conference on Jerusalem. "All riches are ours... the Islamic nation has all or nearly all the oil and we have an economic philosophy that no one else has," Qaradawi said. He urged Muslims to "profit from the crisis to bring about the triumph of the (Islamic) nation, which holds the spiritual and material resources for victory." The sixth conference on Jerusalem is being attended by around 300 people representing political parties as well as Muslim and Christian NGOs, from various countries. It is staged by Al-Quds (Jerusalem) International Institution, which is dedicated to the conservation of the holy city and its sacred places. Participants include Khaled Meshaal, exiled head of the Palestinian Islamist movement Hamas, and Ali Akbar Velayati, a top adviser to Iranian spiritual leader Ali Khamenei. The three-day conference will look at ways of protecting Jerusalem and its holy sites, which participants believe are threatened by Israel. Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium
I am not sure if the overtone is Arabs raping the markets or Dubai hedge funds raping the markets... Many of the hedge funds in Dubai are run by european ex-pats managing arab / oil money and HQ'd there for tax purposes(I suppose)
yeah, i know. when everything goes wrong and things are totally fucked up, it's somebody else's fault. but when things are rosy and you've got everything going your way and you have the fantasy that you're the man, well, then it's all your doing and the world is your oyster. ... so pathetic. the only ones who thoroughly and completely raped the US markets, it's economy and its people, are themselves.
Beautiful post ... biggest dominoe game in history, built on a house of cards designed to cover the ultimate in three card monty. :eek:
"There doesnât seem to be any reason for this increase in margin. The most benign one is that the banks became overly worried that their prime brokerage customers could cause problems with leverage. A more sinister reason revolves around the fact that the banks issuing the calls will likely wind up the owners of some excellent inventory (relatively illiquid preferreds, bonds, etc., which are being sold at prices well below theoretical value). They are in effect confiscating from their prime brokerage customers." __________ Judging from the timing, maybe they want to help Obama get elected.