Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

September 30, 2010

Wall Street: Money Never Sleeps

    We went to Wall Street: Money Never Sleeps for one reason.  To see how Oliver Stone dealt with the risk thing.


    Wise guys used to own their rackets - either as shareholders, like our Crime Family, or partners.  When business was good, mobsters put up more capital.  If things got slow, they’d pull some off the table.  Should somebody trip the firm up, it was gangsters who got taken to the cleaners.

    In the 60’s, Crime Lords started selling out to the suckers.  Today, public investors put up all the equity, letting perps take their bonuses and run.  The little guy gets paid basically nothing for owning something akin to a symbolic piece of Wall Street nostalgia, and takes it on the chin whenever wise guys set him up for the fall.

    This is why racketeers feel empowered to jump into any crazy caper that comes along.  Most haven’t got skin in the game.  Who holds the bag now is a really big deal, and all people ever do is whisper about it.  The inevitable catastrophic ramifications are never confronted head-on.  In fact, Government and media seem to be pretending that this didn’t happen to us somewhere along the way.

    The risk thing is screaming for attention, and that's what Hollywood's all about.  I figured Oliver Stone would do it up right.

    He didn’t.  He didn’t do it up at all.  Leverage turned out to be the stated theme of his movie too.  Augmenting returns on equity with balance sheet moves.  Its beyond me how somebody can put 133 minutes of leverage on the screen without showing the part about using other people’s capital to begin with.

    Go to the multiplex and pick another door.  I’d stop believing his dumb JFK assassination theory too.  If this film shows us anything, its got to be how Oliver Stone managed to come up with that one.
 
    Oswald acted alone.