A system of crooks
Jonathan Weil wrote an article for Bloomberg in New York and is reposted in mypaper today. His main gist is that the robber bankers are blaming short selling for the ruins in the financial system and banks under their charge. Actually he said it is more than just short selling. He added, 'Neither short sellers nor rumours spread by speculators were to blame for any of these companies' collapses. Bogus balance sheets and incompetent regulators were, along with the panic that ensued once investors decided that they couldn't deny the reality any longer.' I want to add that it is the whole financial and trading systems developed by the geniuses trained by the best American Unis that is at fault. The Americans are awared now that derivatives is a deadly instrument and must be curbed. The SEC Chairman is asking for more measures to control derivative tradings and undisclosed deals. Her feelings are echoed in the big cities of Europe. Derivative tradings, short sellings, programme tradings, big fund and big muscles, are all part of a flawed system that is out there to cheat the small investors. And with regulators closing an eye, deregulations, or becoming participants to the scam, indulging in dark trades and providing a system that facilitates the big funds to rob the small investors, what can one expect? The financial crisis is only the tip of an iceberg and an early warning. The collapse of the world financial system is imminent if nothing is done to stop the robbers from what they are doing. Just ask, who is running all these banking and financial institutions into ruins, turning them into a big casino and con game? The Americans are pulling the rug from the feet of the robbers. But the silly Asian bourses are still dancing to the tune as if nothing has happened and nothing will happen. The derivatives and default swap deals and dark deals may be banned from the US and maybe Europe soon. But they will be welcomed blindly by their Asian counterparts. And the crooks will be welcomed with open arms to do what they were doing best in Asia, once they are banned from the US and Europe. Actually their tentacles are already in Asia and robber the investors of every penny they got left.