Wednesday, December 5, 2012

Rats In a Barrel

What is so exciting?  I was watching CNBS on mute today and they kept flashing up Citigroup which was having a most excellent 7% rally.  Then I read the news and realized that Citigroup is cutting 11,000 bankster jobs. All of the bank stocks were up big time on the bloodletting.

It appears that Wall Street (and CNBS by proxy), having laid off a big chunk of the rest of America are now leaping for joy at the prospect of cutting their own kind from the payrolls. So it seems that the rats are now feeding on their own and as only rats could, still enjoying the feast.  However, contrary to what the bad guy said in Skyfall, knowing the Ayn Randists, only one will come crawling out of the barrel at the end...