naked capitalism

Anonymous says:

smart money ? why are they only now selling equities ?

That thing you do says:

Doesn’t surprise me (this political difference between the rich and the super-rich). Most of the rich are working-class millionaires. To make it as a working-class millionaire, you don’t have to be smart. You just have to focus relentlessly on your business and chisel your customers/suppliers/employees at every opportunity. Wanting lower taxes is just an extension of this personality trait – pushing for every conceivable advantage, the rest of the world be damned.

The super-rich have to think big picture and about the system as a whole – they ARE the system.

doc holiday says:

The war to reform derivative madness, which destroyed capitalism, involved the concept of tossing everything available at every battle — including the concept to toss in everything including the kitchen sink — to do what ever it may take to win. Unfortunately, the kitchen sink ended up being just flattened pennies in front of a synthetic steamroller. It was at that stage of on-going defeat that squirrels were called into Global service, to do what Congress, The Senate, IMF and NATO were either unwilling or unable to do, win the fuc-ing war against derivatives.

This war poster represented that struggle between sitting around on your ass and eating almonds, or taking actions and fighting the depths of all the wall street problems of non-regulation connected to lobby groups and the corruption associated with derivatives of mass chaotic destruction. You will note the historic reference to the antique deep sea gear worn by the violent SIFMA lobby member.

Although order was restored in financial markets, squirrels continued to be more popular as outspoken symbols of corruption, thus creating a fifth political party which was able to elect many squirrels who were able to filibuster by placing much needed obstructions in the way of fast moving legislation which was often thought to be sponsored by shadow banking concerns.

Squirrels saved Americas bacon!