LET’S BUILD A COUPLE OF CASINOS AND A RACE TRACK IN MANHATTAN

This morning on CNBC I watched and listened to a sharp looking, velvet tongued blond bombshell who claimed she was a highly successful Hedge Fund Manager. She had the gall to tell the audience that Hedge Funds played no part whatsoever in the financial crisis that has caused the greatest recession in the last seventy-five years. In fact she claimed making bets and hedging those bets actually added to building a vibrant and exciting economy. As we know President Obama is about to totally regulate the financial markets so the man in the street will never again be exposed to the collapse of suicidal financial plays and side bets by those cowboy traders who dominated the halls of every Wall Street Investment bank. We have had our fill of “let the market forces” dictate the success or otherwise of any venture, because do we now not only have a collapsed financial system, but America’s industrial might has also been all but destroyed. So much of it is due to Hedge funds buying “puts” on what were once great American enterprises. President Obama, sign all those bills into legislation as quickly as possible. I would prefer to see most of Wall Street in jail, but knowing that is not going to happen, I want to see those bastards who turned my life upside down, turned into nothing better than bookies’ runners.

That is why I am suggesting that you, President Obama, should use some of the stimulus funds to build and operate a couple of casinos and a racetrack in Manhattan, where these former gurus can study the odds through their computer-like brains and twenty four hours a day, they can use their own or any remaining idiot investors’ money and play the odds until their hearts are content, with Main Street knowing when they lose, the government wins! You see my anger is still at boiling point, because every day I wake up and pray for just a smidgeon more business to come through my doors so I can keep thirty of the best people I know and to have the privilege to work with, gainfully employed. Many of those despicable dirt bags are still living it up while the good and the decent continue to pay the price.

This week a “black swan” trader (a name applied to someone who bets on something extreme and highly unexpected) announced he is betting that inflation taking root as we have never seen it before. In his view it will be caused by the effects of stimuli packages. Where is he placing his bets? In the pits of the Mercantile Exchanges. He is currently buying up futures in such large volumes, which even in the short term will force up the real price of every mineral/commodity that man needs to survive. Mr Spitznagel, you are one miserable low life and I hope President Obama’s legislation stops you in your tracks. What is happening to this world when the Wall Street Journal can write of you in such glowing terms as a really smart man we should all look up to, when you are using your $billions to hand Main Street another BOHICA (Aussie for; bend over, here it comes again)!

We need to start recognizing and rewarding builders not continue to idolize and sing the praises of wreckers.

Tags: CNBC, hedge funds, Manhattan, Obama, Stimulus, Wall Street, Wall Street Journal