“I Go to Bed Every Night and I Dream of Another Recession”
If you dare: Take a glimpse into the sickfuck mind of Wall Street trader Alessio Rastani:
“For most traders, it’s not about — we don’t really care that much how they’re going to fix the economy, how they’re going to fix the whole situation. Our job is to make money from it. Personally, I’ve been dreaming of this moment for three years…I go to bed every night and I dream of another recession. When the market crashes… if you know what to do, if you have the right plan set up, you can make a lot of money from this.”
He also said:
“The governments don't rule the world, Goldman Sachs rules the world.”
This is the kind of corporate criminal that keeps donating to the Republican Party. If you ever wonder why Congress is so determined to derail any and all possible banking reforms that could prevent another financial meltdown — see the above quote.
Labels: Alessio Rastani, governments don't rule the world Goldman Sachs rules the world, I go to bed every night and I dream of another recession
posted by Tom Harper @ 7:05 PM
11 Comments:
Reminds me of in the 80's when one company had a large Lay-Off. The executive who implemented it, showed a huge savings, Wall Street responded by raising their stock and the executive got a huge bonus.
So then other companies decided to copycat and scores of people were getting laid off on short term greed.
The best the analyst could say was Wall Street didn't like full employment.
Erik
Used to be only the Pawn Shops loved the bad times
" ....same as it ever was, same as it ever was.."
Same shit different day with these assclowns isn't it?
Yeah I read this somewhere this morning. What a contemptuous, arrogant piece of crap this guy is. His comments make me want to abandon my non-violent ways...with a baseball bat.
Erik: This started getting pretty common by the late '80s. Before that, companies only laid people off out of financial desperation. By the late '80s and early '90s, it was common to see these headlines on the same page: "Bloatcorp eliminates 10,000 jobs" and "Record profits for Bloatcorp this quarter."
Anonymous: Yup, David Byrne had it right.
Jess: ...and the beat goes on...
jadedj: Yes, a little baseball bat therapy would be just the thing.
I've read at more than one place, since yesterday, they think this might be the Yes Men who put him up to this. Of course the Yes Men are denying it but who knows.
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Yeah it has a better ring to it when a US president goes around the country pointing fingers. It's just so "Progressive".
Now who would benfit more from another recession? Would it be those rich corporate whores the Koch Brothers or that billionaire Wall Street Bankster George Soros?
Or should I say "who already benefited from it".
"Used to be only the Pawn Shops loved the bad times."
Not so, Erik. The wealthy have always favored a boom-and-bust cycle economy, for exactly the reason Rastani so candidly explained. With few exceptions, the rich clean up when the economy tanks. The have the resources to buy cheap, when others are desperate for cash, and sell high when the economy is booming. That's how many millionaires have moved up to multimillionaire and billionaire.
If Democrats would ever make it a point to explain this with the same simplicity and saturation-level repetition that Republicans have used to sell things like trickle-down, Democrats might make some solid headway in winning the support of know-nothings and independents.
"The banks -- hard to believe in a time when we're facing a banking crisis, that many of the banks created, are still the most powerful lobby on Capitol Hill. And they frankly own the place." – Senator Dick Durbin
Why this isn't a daily headline is...well because we have only corporate media these days.
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