Government Tries It's Hand at Mafia Business Tactic as Press Looks On

I have two videos down there which show Peter Schiff and others on a CNBC cable show. The infobabe is trying to get them to say that the rise in stock price of government owned/bailed out companies is a positive sign. Maybe even a sign that it is OK to invest in them again.

It struck me how much the entire panel, whether bull or bear, spoke out against the idea that the rally in those stocks is a sign that the companies were really healthy. To a man they warned viewers off the stocks. They actually said it looked like a squeeze play!

Do you remember a mafia scam a few years back when the mob would by shares in a company and then spam people with unsolicited advice that company X was about to break out? The suckers who acted on that advice caused the stock price to go up, then the mafia sold out, took the profit, and ran. The analysts, who did not agree with each other on much else, all seemed to think that the government itself (with selected insiders) was pulling a similar stunt. They did not use the mafia as an example of someone else who did this, they just described what they thought was going down and I was struck by how much it sounded like this old mafia scam.

O how the honor and integrity of this nation has fallen. Now we have the government and their cronies trying to scam people into buying their failing stocks with mafia-like tactics and the commentators talk about it in almost a blase' fashion.