There have to be casualties of the great debt Ponzi and the next one appears to be Sun Edison. I read where "investors" (AKA hopeful/clueless gamblers) are now upset because they say SUNE misrepresented (lied) about its actual cash position.
Well, really. Seriously? The stock is bouncing around like a Mexican jumping bean and then we should be surprised when it finally goes BK? Folks, all stocks are worthless intrinsically. This thing was "worth" $10bn just a few quarters ago. Now its "worth" -$7bn. If only the CEO had done a 2PO to dump more of the worthless shares upon foolish gamblers before its personal Ponzi collapsed.
SUNE is not the last casualty of the great debt Ponzi collapse. Not even close. The fun hasn't even begun for many companies. But it's coming folks. Sooner or later these stocks will revert to their intrinsic value and then all the foolish liberals who believe that the stock market is something other than government sanctioned and taxed gambling will be the loudest and most upset out there.
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