NYT:4 Big Banks Score Perfect 61-Day Run (xpost-GD)

[edhopper]

I posted this on GD and am surprised how little reaction it got.
To me this is big shit and much more important than Arizona or Matt Lauer's penis.


http://www.nytimes.com/2010/05/12/business/12bank.html?...

"It is the Wall Street equivalent of a perfect game of baseball — 27 up, 27 down, the final score measured in millions of dollars a day.
Related
Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year."

How is this not further evidence that the Markets are being completely manipulated?

[westerebus]

1. How could they not have a perfect run?

They bring their own umpires.

They got you to pay for the stadium and the player's salaries.

The press has their collective nose up their butts.

And they are doing god's work.

Really, what's their down side? Oops! We crashed the world economy.

They get a do over and extra innings.

And never, never shake hands with any one who works for the SEC.



Do I need a sarcasm thingy?

[pgarrison]

2. Wow

We need regulation around here.

[westerebus]

3. Hi. Welcome to DU.

Regulations are there or were there until Rubin, Sommers, Geithner, Greenspan, Gramm, and Clinton decided to free up Wall Street.

Nationalization of the too big to fail is what we need. Seize the big six banks and the FED. Then we can end extend and pretend. All the rest is a PR job.