Max Keiser says the 1,000 point drop was financial terrorism
Posted by
stewie (aka whysoserious)
May 11 '10, 17:33
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May 6th was an unequivocal act of domestic financial terrorism in America. A day that will live in infamy. To scare the lawmakers, themselves large owners of the very banks and stocks that they are supposed to be regulating, a financial weapon of mass destruction was put to their head and they acquiesced.
As the inventor of the continuous double-action, market-making technology (VST tech. US pat. no. 5950176) that is referenced 132 times by program trading and HFT patents since 1996, I can tell you that Goldman, JP Morgan and the gang simply pulled the "buys" from their computer trading programs and manufactured a crash. And when the coast was clear, and it was clear the politicians were not going to vote for anything that would break up the "too big to fail" banks; all the "sells" were pulled from the computers and the market roared back.
This is a Manchurian Candidate market where program trading bots start the ball rolling in whatever direction Wall St. wants the market to go -- and then hundreds of thousands of day traders watching Cramer on CNBC jump on the momentum bandwagon and commit the crime for the Wall St. financial terrorists, who then say, "It wasn't us, it was 'the market!'"
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Responses:
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Good ol Max...Always good
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amoxy
May 11, 17:37
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of course he does. (it's funny, though, OTT suggested the market guys consult HSX for how they fixed the similar issue.) -- nm
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b.
May 11, 17:36
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Intriguing primise, but sounds a little too Grisham for me to believe without more evidence. -- nm
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Name Withheld By Request
May 11, 17:36
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He really seems to have his finger on the pulse, that guy. -- nm
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Beryllium (iPhone)
May 11, 17:36
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Of course he does. "What the thinker thinks, the prover proves."
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mara
May 11, 17:35
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