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

To: blackdog

The VERY CONSERVATIVE Hunt brothers were set up by Volker and his buds at the Fed and were nearly destroyed financially.

Of course, the MSM never reported THEIR side of the story. Sound familiar??

I attended an informal meeting with Bunker Hunt back in the day — BEFORE the brothers were hammered by the power elite — and CBS was on the block. He expressed interest in buying CBS but was concerned that he couldn’t find like-minded folks to staff the thing. Some of us piped up and said that wouldn’t be a problem. Needless to say, he never made the offer.

Too bad as it would have spared us Katie Couric and the rest of these morons over there as CBS would have been Fox before Fox — only more hard-core.


6 posted on 12/07/2010 12:36:44 PM PST by Dick Bachert (11/2 was a good start. Onward to '12. U Pubbies be strong or next time we send in the libertarians!)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Dick Bachert

The Hunt Bros. were, as you say, probably politically very conservative (I have no idea yea or nay) but they were “goofy” (for want of a better word) with regard to their silver adventures.

That they were snookered by the CFTC or COMEX (or whatever the entity running the silver mkt was called at the time) changing margin rules and changing the market so that silver could only be sold, not bought, is accepted.

But the Bros. borrowed very, very heavily in their efforts to corner the market. They certainly came in for egregious behavior on the part of the regulators, but all by themselves and long before the regulators “stepped in”, they got horribly caught up in their own fantasy and leveraged themselves to the moon. That’s a well-known formula for self-destruction in any market.


8 posted on 12/07/2010 12:44:14 PM PST by Attention Surplus Disorder ("Looks like I picked the wrong week to quit smoking" - Barack Hussein Obama)
[ Post Reply | Private Reply | To 6 | View Replies ]

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