Cage Match: The President vs. The CEOs

January 27, 2009 10:30 am

1-27-2009-12-08-07-amFrom my latest MSN Strategy Lab Journal:

Market manipulators won’t go down without a fight against President Obama’s reform plans for Wall Street.

It appears that we could be heading for a showdown. In one corner: the Masters of Disasters, the Thrashers of Crashers, a.k.a. the Lending Loonies (theatrical pause) . . . Bank CEOs and Financial Company CEOs and Upper Management! In the other corner, the Cool of Rule, the Pope of Hope, the Arranger and Changer … President Barak Obama. (crowd roars).

It is no joke. The likes of Goldman Sachs (GS) Morgan Stanley (MS) and JP Morgan (JPM) have a lot to worry about. No one argues that there is a new sheriff in town and he is aiming to clean up the street. So far, he has not given the “you are out of this town by high noon tomorrow” speech, but who knows how far you can push a man on a mission.

For too long, the markets have been run and even at times manipulated by those that will do anything to make a buck. Just this summer, we were astonished to learn that a little known legal loophole was left open after the Enron debacle. Now known as the Enron Loophole, it was one of the main reasons that the price of oil was headed to $200 per barrel. Only until the Commodity Futures Trading Commission intervened and ultimately changed the definition of who was considered a speculator did the price of oil begin to fall.

Yet, all the time, Goldman Sachs analyst “Arjun “where is he now?” Murti was projecting that we should see oil at $150-$200 within a year. Here is something to think about: What firms made a killing trading oil during 2007-2008?

Read the entire journal entry HERE

Be Sociable, Share!

19 Responses to “Cage Match: The President vs. The CEOs”

  1. Chris on February 4th, 2009 8:25 pm

    DId the CFTC ever explain why they changed the definition of a speculator? Weren't they saying at the time they found that speculators had no effect on price? Why the rule change if they thought it was all legit?

  2. Andrew Horowitz on February 5th, 2009 2:04 pm

    Re: Chris commented on Cage Match: The President vs. The CEOs The day they changes the definition is the EXACT date OIL started to plummet

    Andrew

  3. Uk viagra sales. on April 7th, 2009 12:07 am

    Viagra message board….

    Viagra. Viagra patent. Generic viagra mastercard. Generic viagra. Taking viagra with cialis. Viagra england….

  4. Avi56 on May 16th, 2009 12:47 am

    acoustical osteopath pat paw periphery reticulately robed serfs talkative r57 shell axioms batters beach blacks braked chairs overjoyed playroom quoting stroboscopic widths .

  5. Flooring on May 31st, 2009 11:16 pm

    The one problem is that markets are still run and manipulated by those who just want to make money even at the expense of others.
    I mean look out the economic climate now. people are losing their life savings, investments and super superannuation while the people responsible for the company death are making millions.
    Flooring
    Rubber Flooring

  6. Aron on July 19th, 2009 7:46 am
  7. Aron on August 23rd, 2009 1:29 am
  8. Heel on August 23rd, 2009 1:34 am
  9. Bill on August 23rd, 2009 4:06 am
  10. Diesel on August 23rd, 2009 6:00 am
  11. Bill on August 23rd, 2009 6:15 am
  12. Intervention Program on November 11th, 2009 4:18 pm

    I bet these moguls are averaging a 7 figure annual salary!

  13. Ryan on December 13th, 2009 5:13 pm

    Cool article friend I have bookmarked the page and shall return, keep up the great blogging.:D

  14. zygor guide review on January 19th, 2010 11:06 pm

    Nice post, its a shame this worlds so currupt though. :)

  15. south america travel on February 12th, 2010 1:27 am

    Corruption is always going to be a major issue, my friend.

  16. zygor addon on May 7th, 2010 1:39 am

    I really don't think corruption is a major issue. Yes, it still is an issue but most news today just focus on the negative. They don't mention anywhere about the thousands of small businesses that are actually doing good things and are good honest hardworking people…they just mention the small negative percentage.

  17. Frost Leveling Spec on June 18th, 2011 7:09 pm

    Greed and corruption go hand in hand…

  18. play chess now on July 7th, 2011 11:32 am

    Wherever I turn my sight into, I see corrupts… my goodness!

  19. Serpa66767 on November 24th, 2011 8:36 am

    I am pretty happy to find this website. I’d like to thank you so much for this great read. california expungement