Oh, yes, this will have the 9/11 truthers in a tizzy.
Meanwhile, if you believed Lehman and Bear were going to go out of business because they owned all the crap fraud loans, and you shorted their stock, YOU'RE WITH THE TERRORISTS. AND YOU SHOULD BE WIRETAPPED, WATERBOARDED OR WORSE!!!!
It's starting to feel a bit 1935 around here, eh?
Stop Trading!: Financial Terrorism?
The damage being done to stocks through short selling, where Wall Street’s most legendary institutions are losing value at alarming rates, could be the work of financial terrorism.
Cramer’s been talking to the short sellers he knows, and that’s the theory they’ve been putting forward. His sources said that it’s doubtful that the market’s traditional short sellers are behind the negative action we’ve seen lately. So there is the possibility that someone else has been trying to wreak havoc in the markets rather than just profit from the problems of Goldman Sachs, Morgan Stanley and others.
Cramer, who was merely relaying what he heard, did say that, given the fact that the U.S. is in a “financial nationally emergency,” the “financial terrorism thing, to me, has to be put on the table just because the regular short sellers are not doing this.”
September 18, 2008
And then Jim Cramer spread the ugly rumor that the financials are under attack from Al-Qaeda. Seriously. No, I'm not kidding. No, seriously.
Posted by blogger at 9/18/2008