Reply #9: Damn Right He Tried Damage Control...

[KharmaTrain]

The games of Greed Central are not new...I was shown how this network manipulated the markets back in the 90's. Lots of dirty little secrets in how that network operated and made money. Unlike the old stock market networks, like Bloomberg, that specialized in strictly numbers, earning reports and little analysis, Greed Central felt they had to "sex" things up...blur the line between information and entertainment...and this opened the doors for years of misinformation...much of it very well known to all involved...except the viewers.

One such trick were brokers and companies buying air time. Either they pay to get on as an "expert" or the corporates would feather GE's nest with a large advertising buy...either way, the fix was in. The CEO or some "pundit" would get on and say how great a buy a stock or porfolio was and you could just hear the phones ringing with the buy orders. In one case, I was alerted to, a dot com was planning to go "public"...or an Initial Public Offering. The company was nothing more than a website run from someone's bedroom. The "CEO" was interviewed on CNBC (paying his way to get the interview)...and no sooner did trading on the new stock begin, then the price nearly tripled in the first few hours. The principals yanked their money out (plus big profits) and the suckers were eventually stuck with worthless paper.

This scam had gone on for so long, many assumed this is the way it should be. As long as people were making money, no one dared to upset the applecart. Now that millions have seen their savings wiped out, NOW people want answers. In many cases, those who got burned, got what they deserved.