September 24, 2008

Greed Trumps Brain

Oh. My. God.
The latest I just heard is that, at this moment, when more scrutiny of the stock market than during it's entire history is happening [if I'm watching, everyone within reach of a TV must be], someone did some blatant insider trading yesterday.

Just before Warren Buffett announced that he is buying Goldman Sachs, the stock spiked. Someone knew it was coming.
How stupid is THAT? The whole world is watching and someone broke the law on the world stage. And, how hard do you think it will be to track down this moron?

10 comments:

an average patriot said...

Really, I didn't know that! You really have to wonder who it was? Buffet in a set up to get the public involved?

two crows said...

hi, Jim--
who knows?
there was a lot of speculation yesterday among the talking heads.
no actual names -- just what firms this person was most likely to be affiliated with, etc. etc. etc.

today I've been busy and haven't logged any time on the TV/stock market watch -- so I have no idea if anything further has developed on this or any other front.

probably a good thing. there's really no point in staying glued to the TV when I'm powerless to do anything about it, anyway.

an average patriot said...

I am going to be tied up showing the house most of the day tomorrow so I will be tied up for a while Take care!

LET'S TALK said...

This was simple greed that is normal with Wall Street.

two crows said...

oh, Jim--
so sorry. showing a house must feel like the ultimate in futility, right now.

I'm SO glad I got my house sold [finally] a year and a half ago. **whew!**

GOOD LUCK

two crows said...

Hey Larry--
yep. greed right out front-and-center where everyone could see the crime being committed.
how stupid is it to do it on the world stage?

an average patriot said...

damn two crows
I did not want to put it on the market because I knew it would go quick. 3 days 3 viewings and yesterday we were warned to be prepared for a quick closing.
Today we have to go look at houses and we have a couple different people coming. One pointing the fireplace and other chimney and another coming to prep the deck for staining. There is a lot going. I have my posts on podcast now and you can listen to them, or on your Ipod and mp3 if you want. I posted all the info is someone else wants it. It is pretty cool!
Anyway the house and the car is paid for and we do not owe a penny to anyone. In this environment Even a small mortgage scares me. You know I have been saying for years this entire manufactured perfect storm is coming to a head perfectly for Executive order #51 and it is no surprise or coincidence.
I am sickened it has all been totally obvious and I have been powerless to wake up anyone of consequence. Take care and stay in touch!

an average patriot said...

Oh yeah
That by any chance isn't Larry from Lydia's is it? I haven't been able to get any feed back on how he is!

two crows said...

day-um, Jim!
THREE DAYS???
what kind of gold-plated mansion do you live in???
to sell that fast in TODAY'S market is unheard of!
xxx
Larry has 3 blogs: Let's Talk, Let's Talk About It and Let's Talk God.
dunno anything about Lydia's.
xxx
and, ditto re debt. I owe nothing to nobody. that feels good amid all this angst.

meanwhile, my bank did. it just got gobbled up by a bigger one. I went over there today-- and there didn't seem to be any panic.
I just hope Citigroup keeps this branch open. it's the only bank within golf-cart range of my house and I REALLY don't want to have to start driving my truck to the bank.

an average patriot said...

two crows
You are funny! This is a white 100 year old 3 br Colonial with a nice fire place and many of the old amenities kept in place while we updated. The house has character and great curb appeal and we priced it to sell not looking for top dollar.
I was afraid to put it on because last time again on day one someone was walking in the back yard and wanted to come see the house that night but Trice couldn't stand seeing someone else in the house and took it right off.
I am just so Leary borrowing a dime in this environment! Can you do me a big favor? I updated my site last night and have the ability for people to listen to my posts and download them to Ipods and Mp3's but I lost some things like technorati and list of updated Blogs.
For some reason I had no comments today and this is a first. Can you do me a favor and go to my site and on the top of a post left side you can hit the button and listen to it and just comment so i know I am still around and getting comments and didn't creates some other problem I don't know about. Thanks two crows!