You shouldn't be able to sell futures on oil that can't be taken from the ground. There were more contracts than available oil.
************************************************* I'm Surviving The Obama Depression http://www.cafepress.com/rightwingmike/6535062 --- On Thu, 3/12/09, Stephen Russell <[email protected]> wrote: > From: Stephen Russell <[email protected]> > Subject: Re: [OT] Billions to Dubai > To: "ProFox Email List" <[email protected]> > Date: Thursday, March 12, 2009, 5:59 PM > On Thu, Mar 12, 2009 at 4:50 PM, Michael Madigan > <[email protected]> wrote: > > > > One thing that isn't mentioned about the scumbag > bankers is that they were also involved in the Oil Futures > speculation that drove the Oil market to $150 a barrel even > though demand was actually going DOWN. > > > > There aren't enough trees to hang all these > scumbags from. > > > > ************************************************* > > What if your 401K was part of the investment in oil, and > they were > making $$$$ hand over fist for you? > > You have to see the bigger picture that was taking place. > We had > investments making a lot of coin on a variety of things. > All of those > things had higher prices that we all had to pay for, in our > daily > lives. <inflation anyone?> > > So you paid for it in higher freight bills on anything, or > higher food > costs for transportation. Those companies had to raise > their prices > as well to not go red ink > > Back to my point. What if my mutual funds were kicking > ass, should I > want to kill these guys? If they were losing money sure > string them > up! ;-> > > > > -- > Stephen Russell > Sr. Production Systems Programmer > Web and Windows Development > Independent Contractor > Memphis TN > > 901.246-0159 > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
