Wednesday, January 28, 2009

WALL STREET NEVER CHANGES

"Wall Street never changes. The pockets change, the suckers change, the stocks change, but Wall Street never changes because human nature never changes." Jesse Livermore

The noxious news spewing from the marble cesspools of Wall Street continues to get more incredible by the day. In less than a year American's have witnessed a historic melt down in the financial markets, the humbling of the Wall Street Investment banks, a mega housing bust, a mega Ponzi scheme, the mother of all government funded bailouts, compensation greed and excess run amuck, mega regulatory ineptitude, mega layoffs and record unemployment...the list goes on and on.

Those Wall Street scions who figured at the center of this this fiasco have inflicted immeasurable pain and suffering on ordinary Americans. They have sabotaged the engine that drives the American economy and jeopardized the global preeminence of the United States.

Now we are witnessing the complete breakdown of civility amongst these modern day robber baron thieves and their bagmen. The shameless public display of "cover your ass" by the likes of Gramm, Cox, Thain, Lewis, Fuld, Greenspan and company is too nauseating to behold. This week's cat fight between John "Complain" and Ken "Screwless" is the latest example. All who are implicated in this sorry mother of all financial meltdowns refuse to take responsibility.

Comically some expect us to take pity on people like Dick (the "Gorila") Fuld or the thousands of financial spinners the pied pipers of greed led into the financial vortex.

Wait with bated breath for the culprits to be held duly accountable. In the meantime, it is the duty of every right thinking American to hold these scoundrels up to public scorn and ridicule. They deserve to be verbally tarred and feathered. All who exercise their right of free speech by holding these conniving rascals up to the light and exposing them as the despicable Ivy League con men that they are to be congratulated for fulfilling their civic duty.

In 1902, Franklin Keyes, a prominent Wall Street lawyer once said: Wall Street speculation "fosters a ring of idle gamblers, parasites upon society, who prey upon the fortunes of the honest and industrious; such people are a menace to the legitimate business interests of the country and an element of danger to the republic."

Some things never change.

WilliamBanzai7
http://williambanzai7.blogspot.com/

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