CNBC pump and dump scheme

[Joanne98]

Well they've started again this morning. You would think they would be happy after yesterday. After pumping up the little investor for 2 weeks about the big day. Stimulus, TALF and Bernanke speaking. A triple play. The S&P had to go up. And then Geithner spoke and it was ALL TERRIBLE.

I'm not an expert but I didn't think it was that bad. I think nationalizing the banks is the only answer mainly because it's the only way to run the crooks out. So I was happy that at least we didn't get what the criminals wanted.. a "bad bank". We got a PPP a public and private partnership. HAHA I have to admit this was fun. They have did this to us for years. Attacking any state-owned property with the dreaded PPP so they could take it over with the private part. Now it was happening to them. And boy were they hopping mad. Of course, being the human slime they are, they couldn't admit this. So they started their well prepared BS line. CLARITY. My ass. If Wall Street cares anything about clarity it's to make sure there isn't any. They don't call them the "dark markets" for nothing. They like lots of rocks to crawl under cause they're snakes. slither slither.

Between Wall Street, the Republicans in Congress and CNBC, they caused a stampede of fear and the little guy who just stepped back into the water got trampled. Good job MAGGOTS!

And it wasn't just the little investor who got screwed. Any rally in the banks would have saved the taxpayer money. But NO! So I'm thinking, what are these guys REALLY upset about. It can't be clarity. They want the assets valued? HAHA! That's right. CON ARTISTS just love honest bookkeeping. That can't be it. So what's going on?

Well, it didn't take long to find out. At around 8:00 Larry Kudlow, king of the spiders, had a big BREAKING NEWS Sen Chris Dodd said Geithner might get rid of mark to market...The spider Larry showed the S&P futures WHOA the market loves this. Camera turns to one of his paid monkeys and he says. The market will blowout tomorrow.. PUMP PUMP!

Mark to market suspension rumor Causes Major Rally of Lows.
http://caps.fool.com/blogs/viewpost.aspx?bpid=141077&t=01004525939372753684

BUY THE RUMOR, SELL THE NEWS!

But here's the ironic part...Mark to market is one of the last regulations we have that DOES provide clarity.

Mark-to-market is an accounting methodology of assigning a value to a position held in a financial instrument based on the current market price for the instrument or similar instruments. For example, the final value of a futures contract that expires in 9 months will not be known until it expires. If it is marked to market, for accounting purposes it is assigned the value that it would currently fetch in the open market.http://en.wikipedia.org/wiki/Mark_to_market

WHAT HAPPENED TO LET THE MARKET DECIDE?

So we can safely say what the market really wants is to value an asset however they want to with no over site. WOW. Can you imagine what they will be able to do with that little loophole? Kinda like the Republicans putting in the "brother to brother house sale" for 15 grand in the stimulus. Stop one crime wave and they just start another. The "brother to brother" scam doesn't bother me though. Because it's simple and if they use it we can have whole families of Republicans behind bars for Christmas. GO FOR IT! But letting the banks value their assets themselves is big trouble.

Say a bank owns a house that's worth 100,000$ on the current market, but they think it's worth twice that much. No problem just mark it up! YAY!

You know who started this dumb beat last summer was that christian criminal Michelle Bachmann. They been after this all along. And last last Chris Dodd gave them what they wanted .."Here take it just stop hurting me" GRRRRRRRRR

We're getting PUNKED!

We kicked their ass in the election, they were passed out on the floor and we thought we could get a drink of water and wave to the crowd for a few minutes. WRONG! When we weren't looking they got a criminal doctor to shoot them up with speed and now their BACK!

Obama is a nice guy. I think he's sincere about getting along with everybody but unfortunately "nice guys finish last" especially with this nest of vipers.

The vacation is over. We need to fire back up the Republican thumping machine and keep it running 24/7. We want them and all their friends back on the floor where they belong and keep them there. Consider it our patriotic duty.

Who knows if the banks are insolvent, maybe they are. But cooking up a new bubble scheme isn't the way to handle it. Confidence in our markets won't come back until the CROOKS ARE IN JAIL!

I know someone going to say there are other rules to keep them in line if mark to market is removed. I say humbug. There are no rules if nobody enforces them and nobody does. M to M seems to be the only thing keeping them in check.

[RedEarth]

1. Wouldn't surprise me at all.... CNBC is the worst of the worst....

If you need proof just watch this video.....I posted it here a day a two ago.....and frankly I couldn't believe what I was watching.

http://www.cnbc.com/id/15840232?video=1027496846&play=1

See what Josh Marshall had to say about it also. Josh expresses exactly what I thought when listening to it. Bottom line, CNBC is pure garbage.

Surreal -- And Must-See

http://www.talkingpointsmemo.com/archives/2009/02/surreal_--_and_must-see.php

[Joanne98]

2. Thanks Redearth. I wish we had more whistleblowers.

It seems that 5% of our country is running us into the ground. But they're a loyal bunch. They don't rat on each other very much. Maybe because the money they've made looting the country has been so good. We need more proof.

[tom_paine]

3. Maybe because our Democratic Leadership NEVER FIGHTS ANYMORE.

We sat back and watched Serial Felonies and High Treasons committed before our eyes.

Nothing.

Obama has signalled there will be no investigations or prosecutions of Bush, and if that comes to pass it will be just like Clinton, when he let them go, to return not too long later as if they'd never been away.

Could it be true?

IS THE PURPOSE OF GOVERNMENT TO PRETEND TO FAIL?

Quite frankly, after the last 8 years, it is the only perspective that actually explains the past 8 years.

And yes, our Democratic Leadership, every time they caved to Bushler, were they also "PRETENDING TO FAIL?"

[FieldsBlank]

4. r u ?

following reinhardt?
that's one of his lines

and he used to post here
before he ran off and got famous :)

[ww2player]

5. Jim Cramer

CNBC is nothing more than a mouthpiece for crooks trying to steal your money.

Take the super popular Jim Cramer who represents to a T what CNBC is about.

Read http://online.barrons.com/article/SB123397107399659271.html And learn how below average Cramer's picks are.

Or http://www.deepcapture.com/jim-cramer-is-a-complicated-man/ And learn about who Cramer learned his tricks from and how he dutifuly denies knowing people When those people are being linked to crooked financial activities and sued.

It makes you wonder how ofte those journalists put out stories they know will drive the price of a stock up or down in order to help one of thier hedge fund buddies to make a fortune by trading ahead of the news and profiting from it at the publics expense. Why Not? The SEC sure isn't going to interfere. They are largely reponsible for allowing the crooked activities to go on without so much as raising their eyebrows at it. Considering a bunch of the so called "investigators" go to work for those very same hedge funds and brokers they are supposed to be watching over. All in all.. it is a pretty sorry system that is in desperate need of major transformations. Hell, when a guy comes to the SEC givig them detailed information on what turns out to be a 50 billion ponzi scheme 10 years ago.. and the SEC does NOTHING, how can their NOT be some serious house cleaning and rule changing? The SEC isn't gonna change on thier own and neither will the "journalists" on CNBC.