Wall Street Pimps and Whores

Tuesday, June 19, 2012
Posted in category Wall Street Parasites

Mish, otherwise known as Mike Shedlock, has quoted extensively from an article written by Eric Englund and I titled, “General Motors and the Intellectual and Moral Bankruptcy of Wall Street,” which ran on LewRockwell.com in 2008. To quote Mish:

Underwriters get paid to pimp garbage. They do not care what fools, pension plans, or widows on their last dime they sucker in. All they are concerned with is pimping the bond, pimping the IPO, and pimping whatever “trading” portfolio the corporation has to whatever suckers they can find.

This year, all the hoopla has been around GM reclaiming the title¬†of world’s top-selling automaker. Yet a recent story on Seeking Alpha noted that GM’s “stock price is down by 28% over the last 52 weeks and down by 22% since Feb. 17.”

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One Response to Wall Street Pimps and Whores

  1. jeannie queenie says:

    June 19th, 2012 at 11:13 pm

    Another of my favorite bloggers is Ann Barnhardt, a cattle broker who has been screaming about the wall st pimps for ages now. A great video on her post today reveals that our money is in dire peril due to the wall st crapola about to bury us all. CHeck the vid out here…..

    http://barnhardt.biz/

    And if you think that keeping your buckage in a safety deposit box is wise and safe, you’d be thinking falsely…mattress looking good to me.

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