About a year ago, “The Fly” started shorting stocks, with high hopes of a banking meltdown. It was fun back then because we weren’t really melting down. I made truckloads of coin shorting a variety of banks, including BSC, Lehman Brothers Holdings Inc. [[LEH]], Washington Mutual, Inc. [[WM]] , and being long [[SKF]] . It was the beginning stages of crisis and there were so many bullish fucktards to destroy: I thought it made sense to bet against popular wisdom. As a result, I was not only right, but exactly right. However, assholes, as everything falls apart in real time, it’s not that funny anymore.
Now, don’t kid yourself for one second. The stooges you read or see on the internet are talking their books, as I am. Believe me, if I were still short, I’d be calling for the blockage of the “bailout” too. I switched my position from perma bear to retardo bull because I felt it was time to fucking shred the losers who relish in the destruction of America.
I love this cesspool and would manslaughter a few hundred thousand people to prove it.
These “skull fuckers” I speak of are not interested in rebuilding America. They want the whole fucking system to come down, in order to make a few bullshit dollars in the market. Regular Macabres, they are.
Some people are afraid of depression and anarchy. Well, let me just say, without massive government intervention, you will get your depression and more. The bill HAS TO PASS— not because it’s good, but necessary. The market is expecting action. Without it, everything collapses.
Put aside your market bias: do you really want that to happen? If so, I have a few Brooklyn “fuck yoos” for you.
Once the government has control of the housing market, via buying the notes, they will be able to renegotiate terms and keep people in their bullshit homes. When able to reduce market supply, economics 101 dictates that demand will catch up— and prices will begin to rise again.
Look, I am no economist. I only play one on the internet. However, I know the market better than any of you morons out there. I am sure there is plenty of money to make on the downside, specifically in industrial and stupid ‘global growth’ plays. But, for now, it’s time for the government cheese makers to step up large and take down a trillion dollars of dicey assets.
Once they do that, confidence will return to the market place and Armageddon will be taken off the table. After all, with all the egregiously armed criminals in this country, you don’t really want chaos, do you?
Be careful for what you ask for.
NOTE: All of you internet lovers, who are appalled by the bailout and are pleading with Congress to toss the idea into the toilet, are stark raving mad. Absolutely mentally ill, certifiable.
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