Thursday, June 25, 2009

Oh my, this is just "populist overeaction!"

In the words of Miley Cyrus, "Say, what?"

The "populist" don't want the bankers to be able to steal anymore?

"Say what?" (Come on, I have a seven year old!)



These lobbyist's arguments are as thin as the plotlines!

June 25 (Bloomberg) -- Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.

7 comments:

X said...

Nice job by BB. China power consumption improving. Mkt rallies

Palmoni said...

Bernanke was good today--the market sees the next leg up!

X said...

Bears got raped today. RIP

Anonymous said...

Manna - check these stories out LOL

http://www.nationalpost.com/news/world/story.html?id=1731374

http://news.bbc.co.uk/2/hi/business/8118721.stm

NIGAZ!,o boy the Russians don't do well with the specifics of Western English...BAHAHAHA

other news up here in Canada you might find interesting, an oil sands producer, Opti, OPC just raped their shareholders with an 88m share issue @ $1.70 after the stock was halted at $2.60...if you know some big boys with $1B they could kill this deal and walk away with the Long Lake project - Love to see the Chinese buy ‘em, then tie mgmt onto wild horses and send ‘em into the foothills of Alberta. In January. Naked.

Cheers,
Ben

Palmoni said...

Too funny-I put the pirate story up!

Palmoni said...

Ben: ZH picked up your story!

http://zerohedge.blogspot.com/2009/06/gazprom-and-state-of-nigeria-create-jv.html

Anonymous said...

haha, nice,

do we load up the FIG here??

Cheers,
Ben