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Getbig Bodybuilding Boards => Gym/Stores/Industry Business Board => Topic started by: 240 is Back on April 16, 2007, 09:22:17 AM
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Bush hired the CEO (Henry Paulson) of the largest trading firm in the world (Goldman Sachs) in July 06 to become Treasury Secretary.
Once hired, Paulson had Goldman Sachs unload 80% of their unleaded gasoline holdings just before the Nov. elections to help Bush and the GOP. Remember Bush touting how gas prices were soooooooo much lower? Least we forget, gas was $1.10 when Bush took office.
Anyway, once G.S. unloaded 80% their unleaded gas holdings, all other trading firms followed. Thus, gas prices dropped 1.00 per gallon prior to the election. Just what Bush ordered errrrr wanted.
Now that the Nov. election is in the rearview mirror.....G.S. and other firms are buying their unleaded gas positions back. The result is clear to see.....prices are back thru the roof, and Bush & Co. could care less.
BTW......That info. comes straight from the floor at the NYSE.
(thanks for the info enigma!)
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It's gonna get a whole lot worse too.
Honestly, ...I don't know whether to laugh or cry. :-\