FOREX TRADERS

[Worn_Buffet]

Under the topic of "did u know?"

Back in 2000 Paulson who at the time was head of Goldman testified in front of Congress that in order to be more competitive w/the European's....they needed to go from 15-1 to 40-1 leverage...& at the time he was denied....I think they said Levitt (whoever he was/is) was the main one responsible for seeing to it that Paulson got denied. Mind you of course Paulson was not the only one who was lobbying for this at the time. Move forward 4 more years & Paulson gives the same speech to Congress for which he was finally granted approval to take it up to 40-1.

Now 4 yrs later where are we?....Paulson of all folks is now asking to be bailed out...tho now not as the head of GS of course as we all know.

I think this is what is meant by the phrase...the fox is guarding the hen house.

Fast Money & Ratigan have really been great at explain'n all this...& it seems as if he's really tryin to dig to the bottom of all this & find just exactly where & how this all went south...& the more I watch & learn....the more sickening it gets...& I'm sure as this story unfolds it's gonna get uglier no doubt...the corruption, greed, manipulation & conflict if interest...especialy as it relates to Paulson. & yet here we are allowing him to oversee this bailout. WHAT ON EARTH ARE WE DOING!!!?????

OK...someone needs ta pass me the barf bag. :0












http://www.zeitgeistmovie.com/

http://www.thevenusproject.com/

"Risk comes from not knowing what you're doing."

Warren Buffet