Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Stop Trading!: Financial Terrorism?
CNBC ^ | Tom Brennan - CNBC

Posted on 09/18/2008 8:20:51 PM PDT by balls

The damage being done to stocks through short selling, where Wall Street’s most legendary institutions are losing value at alarming rates, could be the work of financial terrorism.

Cramer’s been talking to the short sellers he knows, and that’s the theory they’ve been putting forward. His sources said that it’s doubtful that the market’s traditional short sellers are behind the negative action we’ve seen lately. So there is the possibility that someone else has been trying to wreak havoc in the markets rather than just profit from the problems of Goldman Sachs [GS 108.00 -6.50 (-5.68%) ], Morgan Stanley [MS 22.55 0.80 (+3.68%) ] and others.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: banks; economy; govwatch; housingbubble; sabotage; shortselling; wallstreet; wot
Navigation: use the links below to view more comments.
first previous 1-2021-4041-47 last
To: TomasUSMC
The uptick rule slows down short selling.

When there's no uptick, it's much easier to pile on and drive a stock down.

You can make a lot of money shorting a stock. You can make money in a downturn, not just an "up" market.

There's nothing wrong with shorting a stock per se within reason. But this week you had people driving bad news abusively in order to short and make money on a stock's demise.

41 posted on 09/18/2008 10:49:36 PM PDT by what's up
[ Post Reply | Private Reply | To 40 | View Replies]

To: balls

B.S.

Decades of irresponsible lifestyle and manipulation and inept regulators is what caused this. It is like the S&L crisis only much,MUCH worse. That wasn’t terrorism either.

I don’t think people really realize just how impactive the credit meltdown can be. And it will get MUCH worse in the next few years.

Remember “1929” was actually “1929 through 1933”. That is one of the reasons I have mixed emotions about Obama not winning this next election. I would really like a democrat in the White House while this nation (and the world) melts down.

My biggest concern, actually, is that the last one gave us that 1939-1945 nastiness. If this one get’s to that level, we really WILL be looking at events at the Biblical prophesy level.

But then, why should that be a concern? Things have to get worse before they get better.


42 posted on 09/18/2008 10:55:58 PM PDT by RobRoy (This is comical)
[ Post Reply | Private Reply | To 1 | View Replies]

To: what's up

The problem is this week there is/was a concerted effort to drop it down into the 8000’s!
/////////////

Even if TODAY we dropped back down to 7,800 we would still be 6000 points HIGHER than we were in 1988. (In 1988 the DOW finally broke the 2000 barrier)

We’d be 4000 points higher than we were in 1994.
We’d be right were we were in 2003.

Losing 5 years is bad but not the end of the world IMO.

maybe
The real problem is that tens of millions of people have made lots of money gambling in this (stock market) Casino, they lost it, took out loans with loan sharks, can’t pay up and ....and....

AND WANT DECENT FOLK TO BAIL THEM OUT OF THE BEATING THEY’RE GONNA GET!

tough love
Now them Russian boys THEY got problems. But you know, I bet the Georgians will be willing to loan ‘em something.

Semper Fi


43 posted on 09/18/2008 11:09:45 PM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
[ Post Reply | Private Reply | To 36 | View Replies]

To: TomasUSMC
AND WANT DECENT FOLK TO BAIL THEM OUT

These decent folk are the very ones who would suffer tremendously if the DOW took a drop to 8,000 in a matter of days without recovering.

Banks would fail, unemployment would rise, the defiicit would grow even higher, economic hopelessness would prevail, and the hope of recovery would be far in the future.

We don't want to go there.

44 posted on 09/18/2008 11:25:18 PM PDT by what's up
[ Post Reply | Private Reply | To 43 | View Replies]

To: what's up

Ok well we shall see. Sure be nice seeing SOMEBODY responsible for this go to jail instead of getting bailed out. It seems to me the only ones having to pay are the taxpayers in general.

Have a good night thanks for the comms.


45 posted on 09/18/2008 11:40:47 PM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
[ Post Reply | Private Reply | To 44 | View Replies]

To: TomasUSMC
Well, I do have to say I wouldn't mind Franklin Raines (Clinton's guy) of Fannie Mae getting thrown in jail.

Good night to you too.

46 posted on 09/18/2008 11:51:09 PM PDT by what's up
[ Post Reply | Private Reply | To 45 | View Replies]

To: balls

bttt


47 posted on 09/19/2008 6:02:02 PM PDT by Guenevere
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-47 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson