Posted 4 years ago on Jan. 31, 2013, 12:56 p.m. EST by SingleVoice
This content is user submitted and not an official statement
Could it be that these billionaires see that after the last QE (quantitative easing) injection of money last year to prop up the stock market (the latest bubble) is running out and they know to get out of any consumer based stock to save their a** when the economy tanks again this year? Soros and Buffett are huge democrat supporters who have an "in" with the Fed, White House and Congress and Paulsen, a repub supporter, also has an "in" with the political elite. He was part of the subprime mortgage fiasco. The establishment ruling class elite in congress and the white house just keep padding each others pockets while the rest of us pay the price. Aren't you glad we kept the status quo in the last election.
I mean these people in power (white house and congress) have done everything to benefit wall street and wall street returns the favor by padding the pockets of the political elite. They tell us lies that many believed and got re-elected because of those lies and then kept the status quo. No one's been punished for tanking the economy and the financial system. Nothing has changed in 20 years. These people use a revolving door between wall street and the gov't. Most of the people in treasury and the fed are recycled wall street/ bank cronies. Maybe we need to take heed of what appears to be a warning that the economy is going to tank again and kiss our a** goodbye. Obviously we're not smart enough to get rid of these criminals. We keep voting them back in power.