Yossi Melman at PostGlobal

Yossi Melman

Tel Aviv, Israel

Yossi Melman is a senior commentator for the Israeli daily Haaretz. He specializes in intelligence, security, terrorism and strategic issues. An author of seven books on these topics, his most recent book, The Nuclear Sphinx of Tehran: Mahmoud Ahmadinejad and the State of Iran was published recently by Carroll & Graf. Close.

Yossi Melman

Tel Aviv, Israel

Yossi Melman is a senior commentator for the Israeli daily Haaretz. He specializes in intelligence, security, terrorism and strategic issues. An author of seven books on these topics, his most recent book, The Nuclear Sphinx of Tehran: Mahmoud Ahmadinejad and the State of Iran was published recently by Carroll & Graf. more »

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Wall Street's Latest Round of Suckers

There are always sufficient herds of people who believe the spin coming out of Wall Street. That's why this crisis won't be the last.

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All Comments (32)

Anonymous:

HARK: "I" Ye Hol{i}-No-Men, Must do thy Thing, for this is how "I" [Lord] & YE ("i") hath P-O-W-E-R, ELSE If "I" Do Not the Thing, THEN "I" (Ye CREATOR) + "i" (YE Worlds) Will Hath No POWER" ( aka no PHOTONES/LiFE Awareness/Consciousness/Kindalah!).

Anonymous:

...is "E-K-L-A-H-Ti" or "Hol{i}-NO-Men" Lord EC{lat+i! Meaning that "IT" (G-d, is Neither a 'He/Him/His nor is Lord EKLAHT a She/her), but a Being in "iTSELF" and thuseth hath a innate ATTiTUDE, (Determination) and or Personality (not Split Minded) and "IT" sings, like This:

Anonymous:

[not via any Pre-Apocalyptic 1/2-Bull/Ram & 1/2 Man's statute worship, singing; "AMEN" (said by Islam & Christs) or AMON-ra-ra (said by Jews) , not via OMMM (said by Hindus) , nor Via AUMM (said by Buddhists) , or via OLLL (said by Aztecs/Incas or their AbORiGiNALs)]

Anonymous:

For Another ESCHATOLOGiCAL [a Miracle, never a Moksha/Sin/Curse) POSSiBiLiTiEs of ONE-EK Self , via 'TiME' (hol{i}-TEMPerature; not clock) of YE [in O.U.R.] selves!

Note: This Photo & Wiki, Hol{i} Competition in Action, is worth not a 1,000 words or Heads or Faces or arms, but in priceless words! Soo,

As HUE (color) MATE kinds (as Space-Ship Earth's Crew, aka Automatic Citizenz/Denizens) justly appearing for a time via Holy TiME) kinds, we Apocalyptarian-Nationalis knowth that

LIFE takes place right at the Holy "SPERMATOZOO-EFFECT", [After E{jaculation, aka Bio-Bang, not Cosmic Bang. And surely not via ANY Maosaic/Vyasa effect et al.. except via our O.U.R. "HOL{i}-NO-MEN" Creations awareness of "iTSELF (Ishvara/Allah/YAWH/JEHOVA) , appearing in Sync with our Bio-Heart-Beats & "IT"s (Ishvara) Cosmic Heat-Beat, aka being in thee Holy-Palindrome) in and of Us-All, but also Doing what "IT" (G-D/Almighty/Lord...) must do, since the

"Holy No-Men's MANTRA" is...

Anonymous:

STOP! Do Not Fix , in America (a Secular Work) what is not Broken! i.e., Roe Vs, Wade!

Note: The , Anti-Abortionist Evangelicals ORG's & Catholics, Lutherens, etc.. should Never Recieve 1-red-Copper-Cent to subsidize their Anti-abortion stance. Let their Congregents, Parishiners, Asperants ADOPT & Care for ALL, EVERY & ANY 'Unwanted-Fetus/Baby' (Raped, Incest , medically delicate or not) on Hol{i} Cosmic Nebula Built Space-Ship Earth!

Suggestion: All Pre-Apocalyptic Religio Org's in Sweet Sweet SECUALR/STATE GOV, U.S.A, attempting to Encroach or impede or to Frofit from any STATE Biz, should Lock Themselves-Up in their Churches, Synogogues, Mosques, temples, And or Push their Beliefs in the U.N. not U.S.!

Imagine: No More ABortions on Earth Allowed!????????????? This is What CHURCH, aka THEOCRACY (Legislating from the Pulpit) wants Secular-STATE to Do [Legislating from the Bench!]!!

They, The PULPiTeers Vs. Us, The BENCHeers, vis a Vis! How about Brown Versus Board of Education et al classic Amereicanb STERDECiS applications, aka Precedents!

REminder: The Holy Miraculous man-made U.S. Constitution:

like a Discovery, ia An good Accident; Does give an Express Intentional & Deliberate RiGHT, to the U.S. [Juris Prudence] SUPREME Court Justice SYSTEM (the Highest Court of the Land, not the Highest Religion system on Earth or Lands on Continents) Gives the RiGHT, (not a Privilige) to our S.Ct. Justices (not Evangelicals & Co. whose I.R.S. Tax-Free Exempt Status & their Televangelical aiurwave Permits, are only a Priviliges & NOT/No a biblical RiGHT of any implied or Express kinds)!

THEREFORE: Because All Pre-Apocalyptic REligion sytem(s) competing for a name for god, as if goods & services (i.e., Judeo-Ju, Ju/Christ/Islam & Judeo-Hindu/Buddhist) are all iMPORTED [Not Made-In-America] THAT

Under APOCALYPTiC-NATiONAL Religion; that From now-On, It will Be Forbiden (illegal) to "Swear" or "Affirm" on ANY man-made Bible(s), but instead Only on the man-Made U.S. [Holy] CONSTiTUTiON.

HALLALUYA! Praise the Hol{i}-No-Men!

Note: Under EKLAHTi-On Government, a/ka "GRiDARiAN-DEMOCRACY", any one attempting to smuggle or sneak-in, a Bible, Quran, Gita aka "Infixus-books", in a Secular FEDERAL Presidential Swearing in, will be Excommunicated & ushered-in to a Federal [PURLIEU] Prison for 25 Years!

testa 1234:


Nomostae Chopra the Hindutva Agent;

Imagine Being 'Empowered' (By Roe vs. Wade reversed) as a Defence; and sitting in aDivorce & Custody Hearing or Trial setting, and Legally can say, 3-times, "This Baby is Not Mine" (Contrary to Paternity Test/DNA & or like the Arabs do a Divorce)) and can evade the 'Paternal support Obligations!????????????

So, if Evangelicals & Catholics & Co. want to Undo something that is Not-Broken (their Religion is Broken via Bibles which needs 1st to be Fixed, or have their Biblio Sins & Curses reversed, not Roe Vs. Wade) then let them (I.R.S. 501C3's) ) care for all 'Unwanteds", includes all of Earth's Unwanteds, since Life is so Precious!

-----

Mr. Chopra (not Chokra) Ye sayth,

"Reversing Roe v. Wade would probably be neither a victory nor a defeat for either side. The issue would be turned over to each individual state, and there will always be a tolerant state (e.g., Massachusetts) or a liberal country (e.g., Canada) or a pill you can order online for women who want to terminate a pregnancy."

-- Wow!

Interesting TRUTH (opposite of MYTH)! It's like the 'Baloon-Effect' {in Economics, Universal Expansion or Thermal Dynamic where Cold absorbs Hot anology's etc... Note: It is Hoter Egg that attracts the Colder Sperm!!!!) that Demand runs towards Supply(r's of). Hence: If Ye Build, They Will Come"! So

Un-Like All Ye (not O.U.R.) "UNPREDiCTABLE" (never a Science in Fact) Pre-Apocalyptic Faiths, Beliefs aka Religions, competing for a name for god, instead of G-D, This Demand scenerio is inevitable & Predictable (Technicaly cannot be always controlled, due to Communal Hue{mate Behaviours!)

---

WE HUE{MATE kinds develop (not Human un-kinds anymore), as Beings, from the Holy Bio-Finite Spermataozoo-Miracle-Flash-Point-effect, not via Ye Vedic (Hindu/Buddhista ...) nor Ye Abrahamic Ju/Christo/Islamica...) Effects; aka Their Pre-Apocalyptic (man-made Songs & Storys) instead of the "O.ne U.niversal R.eligion" (O.U.R.) Innate (EKLAHT + "i" = LiFE/Photon awareness) TRUTH (opposite of Myth) Songs & Storys. Where from Old, cometh NEW (not the otherway around).

Attached: Please see this
http://en.wikipedia.org/wiki/Spermatozoon
Modern-Apocalyptic " Insight & PATTERN Recognition" Holy Photonic/Photo , man-made captured Eklati at work/Job/Purpose essence of a bio-flash Hol{i} moment of YE (you & your Becoming world via awareness) or "i" doing what one must do to become what what is becoming, all over again! aka

ART:

THE PROBLEM IS OUR SOCIAL PARTY "THE DEMOCRATS". HAVE A DISEASE WHICH PREVENTS THEM FROM HAVING COMMON SENSE. THE RUSSIANS CAN GIVE THEM A CLASS ON WHAT GOVERNMENT NOT TO BE GOVERNED BY. THE MORE THE PEOPLE KEEP THERE HANDS OUT, THE MORE PEOPLE WILL KEEP THERE HANDS OUT. GIVE ME, GIVE ME, BECAUSE I AM BORN IN THIS COUNTRY. THIS PARTY TAKES ALL THE WORTH OUT ONES SOUL AS TO HOW TO BE RESPONDSIBLE FOR SELF AND FAMILY!

spiderman2:

THE FOOLPROOF BAILOUT

Unless the HOLES in the financial system are properly plugged up, this 700 billion dollar bailout will just GO TO WASTE. The reason why we are in this FINANCIAL MESS is because all those holes came into play at full throttle. Some people simply abused the weakness of the dollar for their benefit. Upon seeing the weakness of the dollar, they played up the price of oil. They can do it because as we have seen last Monday, there is no regulation that can stop them from doing so. With very high oil prices, the companies become vulnerable and weak. Here comes the SHORT SELLERS taking advantage of that weakness and betted that the stock prices of these companies would fail. As a result of stocks plunging, many companies struggled and many could have borrowed money from banks and in the process raised the interest rates. Also, profits from short selling contribute to excess liquidity and to offset this liquidity, interest rates are raised. As interest rates climbed, so does the mortgage interest rates. Many homeowners defaulted which put banks on a tough situation. Again the SHORT SELLERS saw the opportunity to profit so they came BETTING AGAINST the banks until we see all these big banks failed.

Now, we can see that there are THREE BIG SUCKING HOLES that came into play that put us into this mess. The FIRST are the SPECULATORS who played up THE PRICE OF OIL. The SECOND are SHORT SELLERS which pulled down the stock market. The resulting HOLE (third hole) which these two sucking holes created are the FORECLOSED houses which continue to burden the financial system.

The SOLUTION to this mess is simply to PLUG UP these THREE HOLES. First is to create an OIL PRICE STABILIZATION LAW which I explained in my earlier posts. Second is to PERMANENTLY BAN SHORT SELLERS. Thirdly, if they want a bailout, it should be used to relieve the homeowners by lowering their mortgage interest payments and return the foreclosed houses to its previous owners under a restructured payment scheme that's affordable. The third solution will release the banks from bad debt and can therefore continue and start clean anew.

The hedgefunds which will be affected by the ban on short selling can look for MORE PRODUCTIVE investments like the manufacturing sectors and new technologies sectors. This shift of investment would lower interest rates because manufacturers would not be crowding in the banks for loans. This will also make our manufacturing sectors competitive. As a result more jobs will be created.

This is WIN-ALL SCENARIO and to achieve this, THESE THREE HOLES MUST BE ATTENDED TO, otherwise, NO BAILOUT WILL SUCCEED.

GOD BLESS AMERICA.

God Lives In The Himalayas:

God Lives In The Himalayas

Ten-year old Siddharth is traumatized when he witnesses a religious ceremony gone terribly wrong. During this sacred ritual, his mother is consumed by flames and his father is horribly burnt. Once a normal, outgoing boy, Siddharth is transformed by the tragedy into an introverted child of a few words.

While awaiting and praying for his father’s recovery, Siddharth is forced to live with his uncle. Continuing the inexplicable downward spiral of his life, young Siddharth is subjected to abuse from his aunt. The only bright spot in his life is the warmth he receives from his cousin, Druki. Despite the sad circumstances that have caused it, she is delighted to have Siddharth living in her home and existing in her life.

One evening, as she is preparing for bed, Druki asks her mother about the death of Siddharth’ mother. Searching for words to give peace to her daughter, the woman tells Druki that God took Siddharth’s mother away because he loved her so much. Siddharth learns of this and is puzzled, wondering how it is possible that God loved his mother more than he. The question burns in his mind like a sliver and, try as he might, he cannot banish the tormenting thought. In his young wisdom, he finally realizes that the only one who does know the answer is God Himself. And thus begins Siddharth’s epic journey to find God and pose the question to him.

With a childlike innocence, he begins this journey by asking those around him where God lives. Since no one can tell him where God lives, he decides to find out for himself. He begins on this path by watching those around him whose lives appear to be spiritual, feeling they may know where God resides. He visits temples, follows religious processions, spies on priests – always searching for clues that will lead him to God… always to no avail.

In the depths of depression, the pointer to the direction he must go, finally and unexpectedly comes to him in the form of an old man who says he knows where God lives. The old man explains that, of course, God lives in the middle of the Himalayas. Enlightened and excited, he now prepares to embark upon the high path to God’s home. As they learn about this, his cousin Druki and Siddharth’s best friend, Raju, implore him to take them along. At first he resists, but when he understands that they too have questions for God, there is no way he can refuse. And so, the three set out to find God in his home.

They begin their arduous trek riding atop a bus. But, before long, the bus’ passengers grow suspicious and they are forced to continue on foot. Along the way a helper comes to them – almost as if he has been sent to do so. Ali, a teenager who works at a highway motel, gains them passage on an Army truck, also joining them as he, too, has questions for God and is inspired by Siddharth’s plan. A harrowing struggle ensues as they ford a river, desperately scavenge for food and dare the howling winds of the Himalayas. As they continue their journey into the clouds – further challenges assail and assault the quartet… yet none can deter them.

And then, true tragedies strike – Raju plunges through melted snow and drowns. In the thin atmosphere, Druki draws her final breadth. And even Ali vanishes into the consuming mists of the upper reaches of the Himalayas.

At last, Siddharth alone reaches the mountain respite that is God’s true home. In triumph and humility, Siddharth poses his questions to God – questions that all mankind has pondered since time immemorial. In a scene as powerful as Lord Krishna’s narration of the Bhagwad Gita to Arjuna, Siddharth’s life is forever changed – and so shall our viewers’ as they come to bathe in the joys of God’s revelation to this simple boy. Triumph is Siddharth’s at last… for he has, with intrepidity, determination and pureness of spirit, sought God where he lives. And in that triumph, he comes to know the greatest blessing of them all… peace. Om shanti, shanti, shanti, Om.

Enjoy the Trailer of the Movie:
http://in.youtube.com/watch?v=i8t2Z8x7Ky4

God Lives In The Himalayas:

Ten-year old Siddharth is traumatized when he witnesses a religious ceremony gone terribly wrong. During this sacred ritual, his mother is consumed by flames and his father is horribly burnt. Once a normal, outgoing boy, Siddharth is transformed by the tragedy into an introverted child of a few words.

While awaiting and praying for his father’s recovery, Siddharth is forced to live with his uncle. Continuing the inexplicable downward spiral of his life, young Siddharth is subjected to abuse from his aunt. The only bright spot in his life is the warmth he receives from his cousin, Druki. Despite the sad circumstances that have caused it, she is delighted to have Siddharth living in her home and existing in her life.

One evening, as she is preparing for bed, Druki asks her mother about the death of Siddharth’ mother. Searching for words to give peace to her daughter, the woman tells Druki that God took Siddharth’s mother away because he loved her so much. Siddharth learns of this and is puzzled, wondering how it is possible that God loved his mother more than he. The question burns in his mind like a sliver and, try as he might, he cannot banish the tormenting thought. In his young wisdom, he finally realizes that the only one who does know the answer is God Himself. And thus begins Siddharth’s epic journey to find God and pose the question to him.

With a childlike innocence, he begins this journey by asking those around him where God lives. Since no one can tell him where God lives, he decides to find out for himself. He begins on this path by watching those around him whose lives appear to be spiritual, feeling they may know where God resides. He visits temples, follows religious processions, spies on priests – always searching for clues that will lead him to God… always to no avail.

In the depths of depression, the pointer to the direction he must go, finally and unexpectedly comes to him in the form of an old man who says he knows where God lives. The old man explains that, of course, God lives in the middle of the Himalayas. Enlightened and excited, he now prepares to embark upon the high path to God’s home. As they learn about this, his cousin Druki and Siddharth’s best friend, Raju, implore him to take them along. At first he resists, but when he understands that they too have questions for God, there is no way he can refuse. And so, the three set out to find God in his home.

They begin their arduous trek riding atop a bus. But, before long, the bus’ passengers grow suspicious and they are forced to continue on foot. Along the way a helper comes to them – almost as if he has been sent to do so. Ali, a teenager who works at a highway motel, gains them passage on an Army truck, also joining them as he, too, has questions for God and is inspired by Siddharth’s plan. A harrowing struggle ensues as they ford a river, desperately scavenge for food and dare the howling winds of the Himalayas. As they continue their journey into the clouds – further challenges assail and assault the quartet… yet none can deter them.

And then, true tragedies strike – Raju plunges through melted snow and drowns. In the thin atmosphere, Druki draws her final breadth. And even Ali vanishes into the consuming mists of the upper reaches of the Himalayas.

At last, Siddharth alone reaches the mountain respite that is God’s true home. In triumph and humility, Siddharth poses his questions to God – questions that all mankind has pondered since time immemorial. In a scene as powerful as Lord Krishna’s narration of the Bhagwad Gita to Arjuna, Siddharth’s life is forever changed – and so shall our viewers’ as they come to bathe in the joys of God’s revelation to this simple boy. Triumph is Siddharth’s at last… for he has, with intrepidity, determination and pureness of spirit, sought God where he lives. And in that triumph, he comes to know the greatest blessing of them all… peace. Om shanti, shanti, shanti, Om.

Enjoy the Trailer of the Movie:
http://in.youtube.com/watch?v=i8t2Z8x7Ky4

spiderman2:

THIS INSANITY MUST STOP ( Our National Security is AT STAKE)

It is high time this INSANITY SHOULD STOP. The reason why the U.S economy is so vulnerable to Wall Street speculation is because of SHORT SELLING. The economists DO NOT REALIZE that these people (short sellers) are like PRINTING MONEY UNHINDERED. Earning money at the expense of others (short selling) is NOT EARNING BUT STEALING. It's the same reason why we can't print money freely because it is tantamount to stealing.

UNLESS the regulators BAN THIS SHORT SELLING IN THE STOCK MARKET, Americans will continue to SUFFER ECONOMICALLY as what is happening now. The ENEMIES of America does not need an airplane to crash to our buildings. They only need to PLAY UP THE OIL PRICE IN THE STOCK MARKET and then start BETTING ON THE OTHER STOCKS TO FAIL thru SHORT SELLING. Not only can they ruin the economy of America, but they can also make themselves rich by doing so.

NOW WHERE ARE THE BRAINS OF OUR LEADERS AND ANALYSTS ?

BAN SHORT-SELLING AND IMPLEMENT THAT OIL PRICE STABILIZATION MECHANISM NOW and all will be well again.

That 700 billion dollar bail-out should be used to relieve American homeowners by lowering their mortgage interest rates and those who already lost their homes should be asked to return with their payments restructured.

spiderman2:

WE NEED THAT OIL PRICE STABILIZATION MECHANISM LAW NOW.

We have seen how the price of oil jumped 16 points in just one day for no valid reason. It's very clear that the government (both Congress and the executive branch) has NOT DONE anything to rein-in speculators. It is therefore NOT farfetched that oil would rise up again to an all time high as before.

I hope they would now legislate a bill that would rein-in the STUPIDITY of these speculators. Oil has been the lifeblood of world economy and people should not be allowed to play on this commodity. It's very clear that the speculators are not using their minds. They do not understand that they are slowly hanging themselves as the price of oil shoots up to where the economy cannot perform anymore. Their money would be deemed useless if there would be a work stoppage worldwide.

I hope Congress would make a law that would put a price cap on oil everytime speculators are playing with it. If the price of oil today (Monday) is 120 dollars per barrel, the price cap tomorrow (Tuesday) should be 120 dollars per barrel. Since it cannot go up that price, there would be massive panic selling which would pull down it's price. If the price of oil closes at 110 dollars tomorrow (Tuesday), the price cap should be set at 110 dollars per barrel on Wednesday. There is no way to go for the price of oil but DOWN if this mechanism would be put into place. Once the oil price reaches a SANE LEVEL of maybe about 90 dollars, regulators can then SWITCH-OFF that mechanism so it can settle to it's true value. There must be a body that can switch that mechanism on or off as the need requires.

We NEED THAT MECHANISM NOW AND CONGRESS SHOULD ACT NOW BEFORE THESE IDIOTIC SPECULATORS WOULD HAMMER THE ECONOMY AGAIN.

Scott3:

This guy, Mehlman, is sorely lacking as an economic commentator. He has absolutely no idea what he is talking about. He probably doesn't even know how credit works or what reserve requirements are. This is a "People Magazine" level of anaylsis... at best.

For crying out loud according to Mehlman everyone who buys shares is a sucker... because of some ridiculous Hebrew saying.

blahblahwoofwoof@comcast.net:

Debt is the big problem - the main problem. That is why the entire US needs to bail itself out of as much debt as can possibly be erased. This can only realistically be achieved by forgiving within the confines of our own country any and all debts currently miring our society down. This means that what you now have and are making payments on, is now yours lock, stock, & barrel. You own your home, car, small business outright and you don't owe anyone a dime. If we pick up from this point and "start over", we can salvage our country and begin to clear away the burdensome clouds hanging over our entire society. All are forgiven starting with the legitimate citizens who have managed to keep themselves afloat and not already been eaten alive by the myriad of "traps" built into the system for the average American. All those with a certain "credit score" are very simple to identify. They should be placed upon the new list (still to be created) of those first in line to be forgiven of all their debts. Once these "faithful" have been secured, the rest of the lower credit score folks will be able to follow suit soon enough. In this way, we will inject strength and hope - almost like discovering a whole new world. If this sounds a bit outlandish, I can only suggest you come up with a better and more fair solution, then.

troutcor:

You have to add one fact of life to this depressing but correct analysis: economies must either grow or shrink, especially under capitalism. You may think we have enough cars, big enough houses, plenty of high-calorie food and more than enough electronic goodies, but sadly we have to be even bigger pigs every year or the economy collapses. It has to grow. To grow when it is already in excess leads to ever more desperate measures to grow even more. The current crisis is the result of this need to grow when you are already too big.

"The-People of the O.ne U.niversal R.eligion" & Prophecy is born in U.S.A., not Israel!:

-Voto Se! Yea! Yes!

..............O.B.A.M.A....&....B.i.D.E.N.............T.h.e........A+........t.e.a.m............................2008
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...........P....................................................../\................................judeo-jews
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...........A........................................\..……/peace.\......../.............judeo-christs
...........C......................................…\..…/...love.....\...../....
..L ♥ V e R O C K.............................\.../.....rockn...\.../.......…………...judeo-islams
...........R............................................./........roll......\...........…..................
...........O.........................................../____________\....................judeo-hindus
...........L..................................................\......../..........................
...........L......................................................\/...................judeo-Buddhists…
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...........Vote.........Vote..........Vote:.......
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THANK YOU ALL!

Gracia! Shookron! Shookria! Todar, CzeeZcee...

Peace, Paz, Shalom, Salaam, Mir, Ahimsa, Zinghu...

Please help US Celebrate “PEACE-DAY“ Week. And U.N.'s UNESCO sponsored http://iya2009.org/


Be sure to visit the Authors of "THE BiBLE OF THE FUTURE". A Prophecy whose TiME is Cometh!

By: http:////.......({..J..}).......({..O..}).......({..Z..}).......({...E.}).......({..V..}).......({..Z..})........dot...... US

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"WE are US!"

Michael D. Houst:

This catastrophe is a prime instance of where Islamic banking rules would have prevented the problem from occurring.

The Arab, and Islamic, worlds do come up with good ideas every now and then.

spiderman2:

PERMANENTLY BANNING INSANITY (a guideline to who should become president)

From the time humanity started, there never was a practice that a person can sell what he DOESN'T OWN. It is only logical that NOBODY can sell a house or any property which he doesn't own. And yet, this kind of practice is LEGALLY done in the stock market thru SHORT SELLING. That is the term they use for the "PUT OPTION" in stock trading. YES, it is legal to sell stocks which you don't own in the stock market thru short selling. What happens is the one engaging in short selling gets a profit from the loss of another. The lower the stocks plunge the richer they become. What is worse is if they make creative ways to pull it down. That is how insane the stock market has become. GREED and INSANITY has become their god.

Finally, upon seeing that there's a possiblity that all banks around the world could collapse because of this practice, they've made a decision to TEMPORARILY BAN SHORT SELLING. It was not a galant act on their part but only a REACTION TO SURVIVE. They are only TEMPORARILY STOPPING THEIR GREED TO SURVIVE.

It was NOT the planned government BAILOUT which saved the market although it could help ease the money crunch. I hope the bailout would bring down mortgage interest rates so homeowners would also benefit. With the government now owning Fannie and Freddie and the planned absorption of foreclosed properties thru a massive 700 billion dollar bailout, the government has NOW the POWER to REDUCE them.

The point is, let SANITY PREVAIL. The government should now focus on that ONE GOAL to bring DOWN mortgage interest rates and MOST IMPORTANTLY make SHORT SELLING BE BANNED PERMANENTLY.

The PRESURE TO BRING IT BACK coming from the SHARKS would be great. I think Bush would buckle to the pressure. What we need is a next president who can STAND FOR WHAT IS RIGHT. The presidential candidate who can promise to abolish SHORT SELLING ( profiting from the LOSS of others) should be the NEXT President.

L. Martz:

Greed does seem to be a universal vice these days. What's irritating about the US CEOs who have contributed to the present-day debacle is that for years and years they have protested against any regulation or government intervention in their dealings. Now that disaster has stuck, they are pleading for government help. Still worse, many of the CEOs will depart their collapsing banks with millions of dollars in bonuses. If we, the US taxpayers must bail out the irresponsible investment bankers, then the CEOs should be stripped of their bonuses and the large fortunes they accumulated on the job.
Further, if we the taxpayers are now underwriting mortgages, then those who have large incomes and large savings should not be permitted to benefit from a tax-exempt mortgage that depletes the income flowing to the US government and encourages these tax-oayers to construct enormous mansions. Tax exemption should be given to those in need, not those who already have too much.

dr david hill:

Unfortunately for people throughout the world, Bush and all other leaders et al with their venerable armies of advisers could not see the failings of the market system. Indeed, they worshiped the system like it was a religion. So these same people are now saying that they will be our saviours and fix the system that they up to two weeks ago adored, are to be expected to make things better. I do not think so and all this is a load of 'hot' air as usual. Things are going to be bad, very bad indeed for quite a few years now (possibly at least a decade) and no matter what these idiots say, I would not believe them if they were the last people living on this planet. Their hypocrisy is without compare.

Considering everything, the capitalist system is totally flawed. Only the few benefit with wealth far in excess of their wildest dreams whilst millions starve to death every year (I thought again that our present leaders were doing something substantial about this awful situation, but I have not heard/seen anything of any major substance yet). Economics has now to change to 'need' economics from the greed economics of the past. If not, the capitalist system will eventually be the end of human life on this planet. It is only a matter of decades and not centuries we are looking at here as natural resources deplete.

Let us hope therefore that the financial collapse of major institutions that exploited/supported past greed to the limits and where the US government is now pumping in at least US1 trillion just to buy the debt that they have created, will make our political masters see the light and that a new dawn has to be forged based upon humanitarian principles and not the planet's destructive forces - super capitalism (globalization).

Next month the World Innovation Foundation's new global economic framework will be outlined in accordance with what is required by the laws of sustainability and the continuation of the human experience. This outline is being given to Press TV and no other Media source. Therefore if those who wish to know of a new system based on human values and international commerce I would recommend that they visit Press TV around the end of October. It is a totally independent submission based upon the private thinking of many of the world's leading minds.

Dr David Hill
World Innovation Foundation Charity (WIFC)
Bern, Switzerland

Anonymous:

Does the crisis on Wall Street mean that the American style of capitalism is no longer the model for the world?

I have lost very little money for two reasons: One, I didn't have a lot; Two, I never bought shares. So I assume I am among the very few lucky ones whose personal concerns in this crisis are limited.

There is a saying in Hebrew that suckers never die, they are only replaced. The gospel spread from Wall Street to the rest of the world has been very simple: Trust us, the spin economic doctors. We know what we are doing. And sure enough, there have been sufficient herds, numbering in the hundreds of millions around the globe, who believe them. They refuse to learn from history, or from the lessons of 1929 and of all the other black days since then, when stock exchanges collapsed time after time. There has been always enough fresh blood to believe that it won't happen again or it won't happen to us. Suckers never die.


Economic disasters begin with America, but this isn't an American disease anymore. It's global. From Beijing to Moscow, from Delhi to Tel Aviv, the world herds have followed blindly the tunes of the Wall Street pied piper. The roots of the problem are in greed, arrogance, stupidity and ignorance; in short, in basic human futilities. Therefore, the remedies to be offered are difficult. It's not sufficient to change the ideology, say, from cruel and ugly capitalism and unstoppable globalization, to sensitive and sensible social democratic ideals in which the state regulates the markets and the government cares for its own citizens and imposes tough punishments on financial charlatans and criminals.
No, in order to achieve real reforms there is a need to change the human nature. I would say that's too ambitious a project.

So, can it happen again? Sure. Will it happen again? Most certainly. When? When the short-lived lessons of the 2008 summer economic crush -- the lessons of never trust the economic gurus -- have been forgotten. It will be soon, in a matter of years. Suckers never die. They are only replaced

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Sooo.. let ma see.. we have most complex crime and failed politicans.. and all what you are saying is "People are cruel.. sh_it happens.."?

sorry but suddently i recalled my WP subscription. That kind of comments can go where the sun not shine. Together with the newspaper wich waste own online place for such comments..

Nitin Joshi:

Crisis of these kinds will continue and yes there will always be a new set of ignoramasses. Crisis of these kinds and this one definitely have their foundations in a smart set of people who can for their personal benefit and in a short run for the benefit of the shareholders can cause enormous long term debilitating effects for the society.

Caring Governments and Strict Regulators are therefore becoming the need of the day.Do we need a socialistic democracy to rein in the intellectual disparities and exploitation stemming from that.

Snizu:

there is another Hebrew saying:

"Tafsik lebalel bamoach veledaber al ma sheata lo mevin".

Anonymous:

---I have lost very little money for two reasons: One, I didn't have a lot; Two, I never bought shares. So I assume I am among the very few lucky ones whose personal concerns in this crisis are limited.---

1: You are not in USA.
2: You are working not in firms wich do depend on credits and investments.

--There is a saying in Hebrew that suckers never die, they are only replaced.---

realy, i absolutly do not care about.

1: i was never in Israel.
2: i will never be in Israel.
3: i have no interests in Hebrew talking.

--The gospel spread from Wall Street to the rest of the world has been very simple: Trust us, the spin economic doctors.--

Nope.. that were so called "Chicago Boys" and "elite bankers". Aside that noone trust them in the world.

--We know what we are doing.--

YEAHHH SURE! ENRON ANYONE?!!! WHY AT THE HECK ARE YOU NOT TALKING ABOUT A FAILTURE OF GOVERMENTS CONTROL AND POLITICAL POWER ON STOCK EXCHANGE MARKET?

--And sure enough, there have been sufficient herds, numbering in the hundreds of millions around the globe, who believe them.--

gosh.. just tell me only one alternative wich is working same fast in the world economics?
upss. i forgot, maffia and terrorist money chanels can do a same.. thats all! No alternatives = no development = monopolism of market

--They refuse to learn from history, or from the lessons of 1929 and of all the other black days since then, when stock exchanges collapsed time after time.--

yeahh thats why they learned how to use Taxmoney and stupid conservative monkey in the white house for fixing own stupidity and failed market-strytegies..

--There has been always enough fresh blood to believe that it won't happen again or it won't happen to us.--
wait what? fresh blood? Where?!! that are the same spekulators and the same banks wich were working in a time of ENRON.. So much to your suckers.. (whatever this BS means)

--Economic disasters begin with America, but this isn't an American disease anymore.--

1: its not a disaster its a crime case.
2: its not begin with America, it begins with international stupid losers of bankers and speculators, who bought bankrupt stocks and loans from Us market without to know what they even have bought. (you know that "cat in a sack" flying word?)

--From Beijing to Moscow, from Delhi to Tel Aviv, the world herds have followed blindly the tunes of the Wall Street pied piper.--

Well, actualy Moscow and Delhi are not in a same box..

--The roots of the problem are in greed, arrogance, stupidity and ignorance; in short, in basic human futilities.--

gosh.. my God why at the heck are you talking about?! How about failed international and national control of Market? How about better of management? How about hrder down on the economical crime? how about rolling heads of management because they are guilty for destroed lifes?

--Therefore, the remedies to be offered are difficult.--

Whahahahahahahahaha.. noooo! YOU ARE KIDING!!

Anonymous:

yeaaahh, blabla sure sure.. can we kill our bank managers now?

warmpen:

Mr Melman, thank you. Maybe the message will catch on - it's also true that globalization can turn ideas like this fashionable and, all of a sudden, Wall Street collapses because nobody trusts them. The main obstacle? Not the gurus' greed but every little man's greed that keeps him trusting them against all reason.

GeorgiaSon:

Yossi Melman in four paragraphs zooms right to the core of the matter and delivers a scintillating summary of all anybody needs to know to explain the current fiasco.

tamroi:

You are mistaken. These are not the roots of the problem. The closest to what you say is that one admirable root of the problem is pension funds having the responsibility to help protect the elderly.

Pearlstein in the Post expains some correct roots to the problem:

“It is surely true that the regulators could have done more to prevent some of the individual bubbles from getting as big as they did. But -- and this is hard to get your imagination around because it is so theoretical -- the basic problem is that there was too much cheap credit coming in from abroad as a result of our trade deficit. And if that money had not gone into subprime mortgages or CDOs backed by takeover loans, it would have probably gone somewhere else that would have caused a problem.”

“The government's large and persistent budget deficits are part of the country's problem of living beyond its means, and the war is obviously a contributor to the federal budget deficit."

I will mention further roots of the roots:
Success of the Israeli lobby.
Israeli fear.
Zionist cruelty to the people of Palestine.

olivio oliviera:

@Barnabas Tanui

i agree about the risk, but sometimes the deck can be stacked or the house may simply be cheating. would you then recommend that one bets against a cheating house? i agree that life is full of risks. even risks like running across the freeway through high speed traffic for some guaranteed stack of cash or the hand of a beautiful lady at the other side will have some takers (just watch some of the shows on MTV if you think i exaggerate). the problem arises when it is a promise of cash or lass, and upon making it across, one finds there is no prize waiting.

Barnabas Tanui:

Well, investment is about taking risks. The greatest risk is not taking a risk at all. We take risks everyday in life, so we should not bank because we have witnessed banks collapse? So the stock exchange should not exist because of the Great Depression? Well then no business should take place because there is risk of potential lose. What goes up comes down and vice versa, the devalued shares will rise in time and investors will get their money back. Be patient invetsors and dont be discouraged, you made a wise decision investing, at the right timing, sell your shares.

See & Read Robber Baron McCain in Action: Time To Retire "Friend":


--
Ot-ta Chamore! [Your a Jack-ass in Hebrew!]
--
Please See, & Read, Robber Baron McCain in Action: Time To Retire "Friend":

Pleaza, See How John McCain & ‘Friends’ [Co.] got away with squandering Tax-Payers deposits, via his banking ’FRiENDS” in the 1990’s. Then ‘Evangelical Run ENRON’ now Evangelical bankrupt FANNi-May & Freddie Mac as if their (not our?) Uncle & Aunt SAM!?

Prophetically speaking they (evangelical JUDEO-JU’s, turned into JUDEO-Christs, play out their (not our) or Enforces them Evil Biblio “Drunkin racist Noah Storys & their “JACOB ULTiMATE SWiNDLE “Story, where he [Jacob/Israel] Robs his Uncle LEBAN & screws His own Cousins & Swindles ESEAUs Inheritance [similar to Ishmael, Hagar’s son Too] ; All this via Unsuspecting dumb god (not OUR G-D) song & story & Flocks.

http://en.wikipedia.org/wiki/Keating_Five AND

Please see Mass Murdering & Mass Destructor, Captain John McCain Dropping Napalm, before being Shot-Down in ViET NAM , and Killing Kids or Maiming Children & their Familys.

http://www.youtube.com/watch?v=Ev2dEqrN4i0

AMAZiNG () No GRACe!


--- THEREFORE:


VOTE: The ‘APOCALYPT-ARiAN’ Prophecy!

VOTE: OBAMA-BiDEN team , GOG (Truth) thinkers, not McCain-Palin team ,MAGOG (Illusion) , not-thinking!

--


.........P.............
.........E.............
.........A.............
.........C.............
L O V e R O C K
.........R.............
.........O.............
.........L.............
.........L.............


-- VOTE:


..........................OBAMA for PREZ!

...........................................BiDEN vPREZ 2009!


--

LiSTEN-UP:

WHAT "C H A N G E"? WHAT Can the Same Ole, Same BUSH-CHANEY-McCAiN-PALin Delusion -TEAM "C H A N G E?"

Did Ye Forget Who Got-Us in the Middle-East Quandary in the 1st Place. Example:

REMEMBER & do not Forget:

The SAViNGS & LOAN Scandal [initiated by John McCain et al 1990‘s], the ENRON Electric & Gas Scandal [1999-2002] and The now Defunct quazi Governmental FANNiE May & FREDDiE MAC & Korean Purchasers Scandal [started 2007-current]! And also their Greasing McCains Oil Lobby ‘Friends‘, and their Armageddon Desert-Storm, False “WMD“ delusional BiBLio- fulfillment Pushers , via false stories to start Wars! Or Pre-Empt such DiViSion of Nations [See any BiBLE @ LUKE:12:51 & 14:26 et seq] , as we are witnessing like pushing Mother/Father of Sweet RUSSiA’s, Buttons …?? PLEAZEa!


Vote: BiDEN/OBAMA.

--- VOTE: Marriage is Between a real-Man (MAVORiTE) & a real-Lady (SPORADE) , interesting both candidates agree!


THEY Have "Religios Jealousy Psychosis!" With acute “Synergetic-less-Split/Minded Thinking” , also “DOUBLE STANDARDS PSYCHOSiS’s” , a Dangerous Molotov Cocktail so to spaketh TRUTH (opposite of MYTH-illogical SuperStupidStitious thinking)!

--- WELCOME to the 'AQUARiUS-AGE' (Astronomy thinking, NOT-Astrology/Zodiac) evolving out of the 'PiSCES-Age' (Based on Equinox Allignment Storys, not Zodiac nor Biblical Story’s).

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Pay'd For & Approved By the "American JO{KTANian-Race of the "EC{LAT-i-ON Party” & "O.U.R. Votary Association U.S.A." 2013+, a Prophecy whose TiME is now Cometh, for ALL those who Seek , the NEW Song, comming from O.U.R. Old Songs & Story’s!

--- iMPORTANT: Please See this Linko:

http://en.wikipedia.org/wiki/Conscientious_objector

WE 'Apocalyptarian Nationalis despise 'Neo-Conservative Moveants', instead, we, The-HUE{MATE} Kinds, not like them HUMANS un-kinds, are "JO{KTAN"ly, CONSCiENTious Objectors & UnITERS, unlike them "PELEG"ian 'DiViDERS, aka 'WAR' Mongers, aka ARMAGEDON [Biblio Maniacs]Lovers!

wes hickman:

This happened in 1929 and it is happening again. When newsboys owned stock it was time for people to heed the warning. The "suckers" just kept coming. This time it was the workers with their 401Ks that had to pay the price. The rich get richer and the poor get poorer. Like Yossi said it will happen again and again. Barnham lives.

PostGlobal is an interactive conversation on global issues moderated by Newsweek International Editor Fareed Zakaria and David Ignatius of The Washington Post. It is produced jointly by Newsweek and washingtonpost.com, as is On Faith, a conversation on religion. Please send your comments, questions and suggestions for PostGlobal to Lauren Keane, its editor and producer.