HowardNaked Financials on the Short Sell
Real Crash- Looking at the Financial System and the War Drive:
That's what you get for falling in love...
The list of companies protected from short-selling reads like the titans of finance: Fannie Mae, Freddie Mac, Morgan Chase, Citibank, UBS and so on. It means that the era of the free market is over. Yes, there will still be small businesses and start-up, but the idea that the banks can run themselves is over. The bankruptcy reorganization is on.
In a sense, there is relief that we in the USA are turning this corner. Now the real question is whether to bail out the British run offshore banking system, and commit national suicide, or go back to policies for the general welfare. Because we cannot bail out $5 trillion of bad mortgages. This $25 billion bailout fund for Freddie and Fannie is just a teaser, the tip of the ice berg. And then Rush Limbaugh, Newt Gingrinch, etc were screaming about $10 billion in welfare for unwed mothers in 1994. Now will Rush scream about a $25 billion teaser to bail out bad mortgages going toward $5 trillion? Remember, reverse leverage is kicking in.
And note the call from the Philadelphia Federal Reserve bank for higher interest rates. We need at least a minimum 4-percent interest rate, to defend the dollar.
