Tuesday, July 15, 2008

Unfathomable........

Mr. Cox at the SEC is putting on a cowboy hat to promote the wild and wooly Wall Street crowd to be reined in for 30 days in the area of short selling. This whole bail-out travesty is nothing but Paulson/Bernanke and their cronies on the Street taking care of their pals at taxpayer expense.

Their are no safeguards for the taxpayer. These 11th hour bailouts of Bear and Freddie and Fannie and IndyMac are all reactionary moves. Nobody is out in front of this horrorific mess.

Again, such inept regulation. Nobody in jail, nobody being investigated and last but not least, these clowns wanting to go after some old-fashioned rumor mongering on Wall Street. That is how the free markets work. If these companies wouldn't be in so much trouble for being so dam STUPID ie. being levered say 30 to 1 and having such little risk control on trading desks and in proprietary hedge funds those share prices would recover from short selling. And the banks taking every loan application from somebody with a job and a heart beat and fudging the numbers to make the ratio's work and quickly unloading the crap off on the Fannie and Freddie monster. May Mr. Raines someday get his due.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173