Pithaly

SCUM = S acred C ow U ntouchable M ountains of banking manure. See the Sacred Cow SCUM list of banks forbidden from shorting, led by Goldman Sachs, JPMorgan, Fannie Mae, Freddie Mac, Merrill Lynch, Morgan Stanley, and Lehman. Do you think their bank executives loaded up on option calls before the news, all tipped off? Sure!

Lost somewhere along the way was the legitimacy of shorting a stock when the company behind the stock was insolvent and fending off bankruptcy. The protected few sacred cows have one thing in common, being all related to the London Bullion Market Assn (LBMA).

So those very banks most closely associated with corruption of the precious metals market are the sacred cows most protected by totally obscene selective regulatory enforcement.

Without more corrupt interference in its market, the gold price would have surely vaulted past 1000 in July. So enter JP Morgan and their vile henchmen comrades.

The next ambush came late last week and this week. What was the risk posed to the US Dollar? This time the dire bank situation had turned desperate in its bloody atmosphere, laden with many ugly features and developments. First , the corrupt block of legitimate shorting of bank stocks coupled with selective enforcement of naked shorting of bank stocks coupled with improper blame of bank stock woes assigned to those nasty short speculators. So they engineered a short cover rally in the bank stocks that truly defies any claim as absurd that the US stock markets are fair, open, and driven by equilibrium, or free from scum.