Armageddon? No mum Goldman complained

WHAT GOES UP MUST NOT COME DOWN- THE FINANCIAL MARKET VIAGRA..

Woke up this morning, 

it looked like Armageddon, it was dark and cold this morning and I must say was still drunk from last night.. because yes I needed a drink. Wanted to say goodbye to the tots before the italian adventures and wanted to dance a bit. 

Arrive in the office.....and guess what? 

As mummy Goldman was upset that people made her stock go below 100$ she called the Fed & the treasury and all her rich friends and said.... you have to stop this..  

as I said in previous posts, in Sicily they kill you for less.

Guess what did they do after that? 

- They stopped people from short selling financial stocks.... i.e.  you can only buy them, or to be clearer it's now illegal to sell if you don't have the stock first...

So if you are short what do you do? you buy and if you are long and you can't sell what do you do?

you buy

- They also stopped money market funds from going below 1$ and  causing money market mayhem

Every possible equity index rallied the most in history!  the ftse the most since inception in 1954, the minisp was halted for trading as limited up, every single stock got halted because was going up to quickly

and guess what.. mummy goldman went up 50% today ( or at least at one point) 

But that wasn't enough... the Treasury decided to step up in buying mortgages.. 

ABSOLUTELY ridicolous.. 

"moral hazard"  - this is destruction of freedom.. this is 

a) absurd

b) it is basically saying - take as much risk as you want we bail you out

c) unfair ( because if you really wanted to organise this massive scale joke, why there are those poor lehman employees in the street ? why did you not do this earlier? 

d) they just killed lots of hedge funds that are based on arbitrage

e) made the option market illiquid because who on earth we'll make you a price if they have to hedge against an index and not against a stock

f) it's dictatorship

g) kills freedom of judgment, if you believe a company is managed badly you sell as well as you buy when you think it's well managed. It's like giving all kids a+ ( like they do at a levels in England)

I can probably arrive to z. I agree that like in every financial discussion, you can take the opposite view and think that this was right and preserved the remaining wealth instead of killing the system, but think about this

no hedge funds, no profit for banks. who they gonna sell their crap to ? the original norwegian pension fund that bought the cdo of the cdo? forget it

no ripping people off no profit

and preserved the wealth of who exactly? 

this made the rich richer and the poor homeless

and with the money of the poor.. because you think that the big swinger have got money sitting around in a cash account at Halifax? no they are in some deserted island with no tax and they pay less taxes than a fiat employee

ridicolous. 

the problem is not solved.. it's just shifted.. 

and... 

after all.. why do you think that people were selling goldman stocks? 

they wanted them to pay for destroying the other banks, as they were the ones selling the stocks and at the same time driving cds of the same names through the roof.. 

and guess who adviced on this bailout plan? 

Goldman and Pimco.. 

Lehman should sue the Fed. This is fascism. 

Today was also quadruple witching i.e. a day very well know for massive share drops as indeces, futures on them, options on them and everything expires. 

Hope all the people that exercise their options and get the stock will sell it on Monday to stop this joke.. 

For you blog readers it's ok.. your bank account is safe.. you might not be able to have 20 credit cards, but only 3 as there are about 3 banks left after this, but hey.. you can sleep well because stocks are rallying.. and mind you.. nothing absolutely nothing has changed since yesterday.. 

with all that, but midday it was also sunny in london ( apparently the Fed  can buy the sun too) 

The Fed however didn't give a job to the poor Lehman employees which lost everything they had, didn't replenish the pensions of normal people just taught many that there is no point in learning.. you just need to know people.. 

Therefore parents to be.... make sure you are rich enough before you have a kid, if you can't buy your kid expensive friends, either you live happy in a hippy family or just don't do it. 

It has been proven to me than money don't make happyness, that the hippy family exist and all, but really even there, why did the hippy family have to sell part of the beautiful place that they created if not for lack of money?

Disgusted.. but I think today really convinced me that truly really and beyond you have to use your intelligence to manipulate people.

From monday  anybody can be in banking, you just have to tell people... buy stocks, they can only go up... 10 years from now.. we will be studying why there is a bubble.. they will create new products. 

So charity people.. go ask goldman for money.. if they have a inch of heart left have to ridistribute in some way. I bet bars will make fortunes and we will read that somebody has been tipped 10000$ dollar or one of those goldman w@nkers have paid 50k for bj, while probably some of the lehman employees will just jump off a roof.. Why them? It wasn't timing... 

After all today was Lloyd Blankfein's ( ceo of GS) 54th Birthday and the Treasury wanted to apoologies for making him cry last night.. 

he real secret to Goldman's Success, has just been demonstrated. If you don't like the rule, ignore it until inconvenient then change it intermittently so nobody every quite knows what the fuck is going. The quietly big a hole out back, and dump all your shitty assets in it.

on another note.. Hillary might still be in for vice presidency.. if this happens.. I'll explain you why... some of you got my email today..

 but just to prove how many fucking idiots there are in the financial world.. here is another story, which got lost in the middle of the mayhem

the government-owned KfW bank sent funds to Lehman on the same day it filed for bankruptcy
“Germany’s Dumbest Bank,” were the headlines on the newspapers..