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Bernard Madoff, the Mafia, and Naked Short Selling
#4
David Guyatt Wrote:
Quote:In a clip we didn't use, Dylan likened the ringing of the opening bell on Wall Street to the "off" in a horse race. The anchor's job was to communicate that sense of adrenaline rush to the small investor viewers at home.

A really catching analogy, I thought.

Indeed.

The kind of frenzied "your children won't forgive you if you don't buy this stock it's a once in a lifetime opportunity" snakeoil salesman delivery, is taken to a truly maniacal extreme by many of the most visible business news anchors with - allegedly - some stimulating chemical help....

We all know who owns America's business TV channels. And business TV played a crucial part in encouraging ordinary Americans to put their life savings into the market - "which is rocketing to the moon" - only to lose the shirts on their backs...

Hence the verb which became popular during the dotcom era, to blodget a stock. :eviltongue:
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."

Gravity's Rainbow, Thomas Pynchon

"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
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Bernard Madoff, the Mafia, and Naked Short Selling - by Jan Klimkowski - 22-01-2009, 08:43 PM

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