Classic Hysteria

[JAMESBJOHNSON]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKBT30npWVO4&refer=home

THIS IS AN EXAMPLE OF CLASSIC HYSTERIA.

Bailed out 3 times by the government, the stock is worth shit, and a week or so ago it looked like Obama was gonna take them over. Now! HAPPY DAYS ARE HERE AGAIN!

 

[JackLuis]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKBT30npWVO4&refer=home

THIS IS AN EXAMPLE OF CLASSIC HYSTERIA.

Bailed out 3 times by the government, the stock is worth shit, and a week or so ago it looked like Obama was gonna take them over. Now! HAPPY DAYS ARE HERE AGAIN!

Now is the time to buy stock? I liked that line. Brokers always use that line, it's good for business. Of course he doesn't know if it is true, only hopes the rubes will believe him.

 

[JAMESBJOHNSON]

JACKLUIS

The whole thing is hysteria because, how can CITIGROUP make a profit when it borrowed 45 BILLION from the government?

I suspect a cartel of villains are manipulating stocks to fleece a herd of suckers. This occurred in 1929. Several stock brokers sold stock back and forth to each other until the rubes couldnt resist getting some of the action.

Crooks and Gomers are running the economy of America.

 

[JackLuis]

Now that they made some money are they going to pay back some of it?

Probably too soon for them to pay back yet, they are still getting their feet on the ground.

When hell freezes over and the sun goes nova they'll pay it back with interest, ya think?

 

[JAMESBJOHNSON]

JACKLUIS

Call me a cynic, but I'm thinking federal bailouts are a new income stream and profit center for banks.

 

[JackLuis]

JACKLUIS

Call me a cynic, but I'm thinking federal bailouts are a new income stream and profit center for banks.

JB you are a cynic!

 

[JAMESBJOHNSON]

JACKLUIS

This afternoon I read some articles from the 30s, and the same bullshit these pirates are pulling now, they pulled back then. The government helps them out and they pay off the Congress/White House from the money they get.

I want to scream.