Financial terrorism and automaker loans
Did terrorists help bring down the financial markets?There are now a few people that monitor Wall Street wondering if some short sellers weren't trying to help take down the US stock market with unscrupulous short selling. Already, new restrictions are coming into play because of known abuses.
So, for a mid-day distraction, let's have some fun with this speculation.
The Big 3 need loans. Problems in the financial markets are preventing this from happening without government help. Let's say financial terrorism - and let's say its foreign oil-driven terrorism, such as used by bin Laden-types - has helped to hurt the US financial system, preventing Big 3 loans. If such speculation - financial terrorism - proves to be true, would you be more open to an automaker bailout?
Labels: Big 3
posted by Dahcredyns at
12:03 PM
8 Comments:
I'd be tempted to say more along the lines of the opposite:
The economy is poor and mischievous deeds are done to prop it up. They've just run out of options because its SOOOOO bad. Couldn't make it to election day to save a Republican or two. And now if you lose enough money the federal government will buy you? Its bad enough that people don't understand what the Dow Jones truly is and how much they think it is the economic barometer unto itself. Have you seen the 65 companies whose stocks have been anointed to represent the Dow? http://en.wikipedia.org/wiki/Dow_Jones_Composite_Average
I digress, but long story short: The Big 3 can't figure out they needed better economy cars in 35 years. They're too dumb to engineer any leverage on Wall Street.
Fair enough. Yet, scarily, it seems every other automaker becomes less efficient the longer they sell in the US. Th latest example is Hyundai's Genesis.
Even if the Big 3 were gone, I worry that any replacements would become just as inefficient if gas prices drop below $3.00 per gallon.
Hyundai is a few years behind....they are bringing out luxury cars and SUV's at a time when everyone is giving those up.
Wait a minute. An evil secret society that is trying to destroy the country through economics? Wasn't that the plot of Batman Begins?
I wrote an article on this exact theory on 9-17-08 on the OTF. My screen name is: MaryKay1965. Here is the link: http://www.onlinetradersforum.com/showthread.php?t=47810 I emailed my "theory" and a "live link" to Jim Cramer after I wrote the thread and that idiot takes my "theory" and runs with it the very next day on CNBC. I even included a copy of the email I sent to Jim Cramer with the time/date stamp in tact. You can also check out my website: www.BuyingOnDips.com
i saw cramer mention the idea, but he did allude to others making the assertion if i recall correctly.
night owl- i'm not saying its true, although i'm not saying its not true. i'm just wondering, since most are currently against loans for the big 3 would they be more for these loans if financial terrorism were proven.
Wall Street is one of the biggest stock market of the world. All the other countries depend on working of Wall Street. Now-a-days there is a downfall in the Wall Street and the whole world is suffering.
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