Apr
17
2009
Banks Must Brace For New Losses
Posted by: in Mortgage Loans News, tags: Banks, Brokerages, Cb, Conmen, Dow, Excerpt, Financial Markets, Financial Times, Goldenjackass, London, Losses, News Sources, Pressure Tactics, Real Money, Short Covering, Stock Rally, Tip Of The Hat, Wall Street, Working GroupNews Sources wrote an interesting post today on
Here’s a quick excerpt
By: Jim Willie CB, GoldenJackass.com One must give a tip of the hat to the Wall Street conmen for engineering a reasonably robust stock rally. The Dow and S&P were led by financials. The Financial Times out of London claims ‘no real money’ was behind the stock rally of over 20%. They must mean huge short covering, enhanced by pressure tactics from Wall Street brokerages themselves. They must mean Working Group For Financial Markets putting to work some of their ‘Black Bag’ money. The
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