I've been searching for a couple of days for the text version of this clip that I read a couple of months ago. The original (for me) article was Matt Taibbi's in Rolling Stone
"Taibbi writes:
You should read the Taibbi article, although he's kind of flaky but funny (he wants to be the new Hunter Thompson). supposedly he gets a lot of his stuff from Deep Capture (I'd never heard of it, but it's good). IMO this is the biggest story ever and the biggest swindle in History so far. I was wondering how hard it would be to find who was making all the shorts (not very hard, I bet, since the gubmint probably knows exactly who). I like this exposure of The Markit Group, a black box for sure run by a Bulgarian/Israeli and I would guess a front for Goldman. We need to borrow the Russian team that got Kordekovsky and put a whole lot of tribesman in Guantanamo since it's empty or soon will be, and use the not-torture methods until someone sings. Or, alternatively, let goldman go ahead and and eat Morgan, and then nationalize goldman, and use the proceeds to buy the pals a lot of these.
“On Tuesday, March 11th, 2008, somebody – nobody knows who – made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half of their value in nine days or less. It was madness – “like buying 1.7 million lottery tickets,” according to one financial analyst.”
Bear’s stock would have to drop by more than half in a matter of days for the mystery figure to make a profit. And that is what happened.
As Taibbi explains, “the very next day, March 12, Bear went into a free fall…Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or…Or what?”
You should read the Taibbi article, although he's kind of flaky but funny (he wants to be the new Hunter Thompson). supposedly he gets a lot of his stuff from Deep Capture (I'd never heard of it, but it's good). IMO this is the biggest story ever and the biggest swindle in History so far. I was wondering how hard it would be to find who was making all the shorts (not very hard, I bet, since the gubmint probably knows exactly who). I like this exposure of The Markit Group, a black box for sure run by a Bulgarian/Israeli and I would guess a front for Goldman. We need to borrow the Russian team that got Kordekovsky and put a whole lot of tribesman in Guantanamo since it's empty or soon will be, and use the not-torture methods until someone sings. Or, alternatively, let goldman go ahead and and eat Morgan, and then nationalize goldman, and use the proceeds to buy the pals a lot of these.
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