Monday, September 15, 2008

Slaughter House 504.

Capitalism is a Ponzi scheme. Buying and selling stolen land and resources is for losers. Don't take stock advice from settlers!

Via the Angry Indian: Navajo, Hopi and Lakota delegation warned Lehman Brothers of consequences of mining sacred Black Mesa

NEW YORK -- A delegation of Navajo, Hopi and Lakota warned Lehman Brothers stockholders of the dire consequences of their actions in 2001. In a rare move, censored by most media, the Navajo, Hopi and Lakota delegation warned Lehman Brothers, after it acquired the financial interests of Peabody Coal, of the spiritual consequences of mining coal on sacred Black Mesa and the aftermath of Peabody Coal's machinations that led to the so-called Navajo Hopi Land Dispute.
Lehman Brothers is now in the midst of financial collapse, with its bankruptcy producing a rippling effect throughout the world's economy.

At the time of the Lehman Brothers stockholders meeting in 2001, Arlene Hamilton bought two shares of stocks in Lehman Brothers to pave the way for the delegation to address the stockholders. Hamilton said her life was threatened because of this action. Shortly afterwards, Hamilton was killed in a car crash. Longtime Navajo relocation resister Roberta Blackgoat died in San Francisco at Hamilton's memorial.

A Hopi elder was among those addressing the Lehman Brothers stockholders. His admonitions followed those of the late Hopi Sinom elders Thomas Banyacya and Dan Evehema, among the Hopi elders who warned of dire consequences, including natural disasters and worldwide consequences, if Peabody mined coal on Black Mesa and Navajos were relocated from this sacred region. The Hopi Sinom never authorized the establishment of the Hopi Tribal Council, which they referred to as a puppet government of the United States.

Dow plunges 504 points; S&P suffers biggest drop since 9/11
At the close, the Dow Jones had lost 504 points — 4.4% — and the S&P 500 had plummeted 59 points — 4.7%.

The Nasdaq ended 81 points lower (3.6%), while the Russell small-cap index plunged 30points (4.2%).

It was the S&P's biggest drop since the Sept. 11, 2001, terror attacks.

"Fear is in charge,'' money manager Henry Herrmann, president and chief executive officer of Waddell & Reed Financial Inc. in Overland Park, Kansas, told Bloomberg. "This blows another hole in the banking system's ability to extend credit.''

USA TODAY's Matt Krantz and Adam Shell wrap up the tumultuous day, and personal-finance reporter Sandra Block provides some answers to readers' questions.

Update at 5:28 p.m. ET: Bloomberg calculates that stocks erased more than $600 billion in value and that S&P 500 financial shares fell the most since at least 1989.

Update at 5: 30 p.m. ET: It's being reported that J.P. Morgan Chase & Co. is a likely suitor for Washington Mutual, which is staggering under huge mortgage losses. WaMu's shares continued to plunge today, dropping more than 26% to $2. In after-market trading they were down an additional 13% to $1.75.

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Anonymous Anonymous said...

I love how after the managers convince the loyalists that 'it's over', a lot of the final activity at Lehman included maximizing economy on their cafeteria cards. It does make sense:

9/15/2008 10:28 PM  

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