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Poor Wall St fatcats- will not see their 7 figure bonuses go up this year.
You understand Wall st is afraid the resolution of the fiscal cliff will hurt their bottom lines right?
Wall St needs debt out there. The more debt the more they can move funny money around in their perpetual shell game. All the while creating not a single thing.
Why do you think they loved all the mortgage debt people took on during the housing boom?
They knew it would blow up at some point - they also knew good the Good Ole US Treasury would be there with gobs of taxpayer dollars to keep them from extinction.
Its time to stregnthen our dollar- erase the deficit and pay down the debt!
Wall street took Joe Blow's debt and sold it who knows how many times and when Joe Blow couldn't make the payment uncle sam did however many times they sold it to make em whole. Meanwhile Joe Blow lives in a box now and nobody cares. These crooks in DC should be frog marched to jail every one of em.
The market has gained over 4600 points since the election of Obama in 2008.
And will gain even more during his second term I might add. Investors are jittery over Republican efforts in the House to continue obstructing and sabotaging the President for political gain. After all, it was Republican obstructionism that caused our credit rating to be downgraded the other day.
Poor Wall St fatcats- will not see their 7 figure bonuses go up this year.
You understand Wall st is afraid the resolution of the fiscal cliff will hurt their bottom lines right?
Wall St needs debt out there. The more debt the more they can move funny money around in their perpetual shell game. All the while creating not a single thing.
Why do you think they loved all the mortgage debt people took on during the housing boom?
They knew it would blow up at some point - they also knew good the Good Ole US Treasury would be there with gobs of taxpayer dollars to keep them from extinction.
Its time to stregnthen our dollar- erase the deficit and pay down the debt!
Why not ? The investment banks make just as much money selling stocks as they do buying.
They don't actually own shares of companies in the DOW. They buy and sell.
They make money both ways.
Did you know that if you want to do a wash to take the loss but want to buy back you have to wait 30 days between the sale and the purchase otherwise the loss cannot count for the current tax year ?
November and December are the typical months when people cash out their gains and losses for tax purposes.
Add the threat of the Obama cuts expiring and that sends more selling.
Add the Obamacare taxes coming next year and that sends more selling.
Too funny. Why stop at Marxist? Why not call him Satan? Do you have any clue what Marxism is? I'll give you a hint. I still own my home, car and Road King. Anything ring a bell?
Too funny. Why stop at Marxist? Why not call him Satan? Do you have any clue what Marxism is? I'll give you a hint. I still own my home, car and Road King. Anything ring a bell?
Don't be so confident...His mentor was Frank Marshall an avowed communist!!!
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