"We assess that al-Qaeda is in its weakest financial condition in several years." – senior U.S. Treasury Department official David Cohen. Apparently, a slow quarter of fundraising, coupled with al Qaeda executives' risky reluctance to invest in opium products, cigarette smuggling or bootleg music and computer software, has left them at a competitive disadvantage to upstart firms like the Taliban and Hezbollah. "These smaller, faster local operations are actually better suited to weather a recession," said CNBC financial analyst Jim Cramer. "There's always a bull market somewhere. But a monolithic dinosaur like al Qaeda just can't shift gears quickly enough to find it." Other experts blame the rating agencies for this latest blow to the world economy. Standard and Poors awarded al Qaeda stock a strong "triple-A" rating just last week. "The rating agencies are supposed to be minding the store," said The Times' Gretchen Morgenson. "The terrorism market was obviously headed for trouble. Good times can't last forever."
Tuesday, October 13, 2009
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Dave Bry? Since when do you know anything about money.
Oh, Jim Cramer. I haven't invested in opium products and bootleg music since college.
These days it's all about opium DERIVATIVES.
"We're doing our best to get into a position where we might be able to extend the industry a bailout," said Michael Steele.
Given the history of the "gate keepers" a.k.a. credit rating agencies , I wonder who contacted whom - the agencies or AlQueda? This was what the New York Branch of the Fed. Reserve said in Sep. 2008 re: AIG and the credit rating agencies' apparent lack of insight into AIG'S operations;
A report from the Government Accountability Office, released yesterday, makes clear that the rating agencies weren’t talking to the regulators about the brewing storm at AIG. On page 16 of the GAO report, we learn that the New York branch of the Federal Reserve didn’t become aware of the problems at AIG until Sept. 12, 2008, when the central bank was contacted by AIG.
I got halfway through this before I realized it wasn't completely true. Look what you have done to us, financial sector! I'm willing to believe any crazy thing now!
Al Queda's new T & E policy directs," business class only and 3 to a cave."
al Qaeda.