Further to my earlier comments & following some interesting leads my thirst for conspiracy theories about the sub-prime mess / global shorting of commodities & stocks by GSJBW, MS, UBS & DB [and likely backed by the US govt] finally appears to be getting traction / media coverage:
"All the Wrong Policies: Paulson Gets 'F-Minus' from Former Regulator" - William Black, Associate Professor of Economics and Law at the University of Missouri - Posted Nov 21, 2008 02:52pm EST by Aaron Task in Newsmakers, Banking http://finance.yahoo.com/tech-ticker/article/133469/All-the-Wrong-Policies-Paulson-Gets-%27F-Minus%27-from-Former-Regulator?tickers=GS,XLF,JPM,BAC,C,WFC
"The Keating Five Legacy" - By William K. Black April 9th, 2008 http://www.ourfuture.org/progressive-opinion/keating-five-legacy
" Former Regulator: Clear Fraud in Financial Crisis -- Why Isn't Anyone in Jail?" - Posted Nov 21, 2008 12:47pm EST by Aaron Task in Newsmakers, Banking http://finance.yahoo.com/tech-ticker/article/133224/Former-Regulator-Clear-Fraud-in-Financial-Crisis----Why-Isn't-Anyone-in-Jail?tickers=BAC,WM,CFC,XLF,JPM
" Worst Year Ever for Stocks: 'Irrational Exuberance' of 1990s Being Unwound" - Posted Nov 21, 2008 10:57am EST by Aaron Task in Investing, Recession http://finance.yahoo.com/tech-ticker/article/133019/Worst-Year-Ever-for-Stocks-'Irrational-Exuberance'-of-1990s-Being-Unwound?tickers=C,AA,AAPL,DUK,%5EDJI,%5EGSPC,SPY
And now for what markets appear to believe is the really good news: "Stocks jump on report Obama plans to name Geithner as Treasury secretary" - Friday November 21, 3:55 pm ET - By Tim Paradis and Sara Lepro, AP Business Writer http://biz.yahoo.com/ap/081121/wall_street.html
AHHhhh!! Bad guys on the run .... retribution in sight at last perhaps?
If market performance is all about confidence then just maybe Obama's selection of Geithner as Treasury secretary will come to represent a turning point in the global financial crisis - IMO all those US investment banks possibly shorting commodities & stocks with US govt backed money will now back off!
4YIO - NFA
BHP Price at posting:
$21.90 Sentiment: LT Buy Disclosure: Held
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