Another Reason to REALLY Hate ETF’s

Last week the board of the Weinstein Company issued a statement to file for bankruptcy.

They said:

“While we recognize that this is an extremely unfortunate outcome for our employees, our creditors and any victims, the Board has no choice but to pursue its only viable option to maximize the Company’s remaining value:  an orderly bankruptcy process.”

A few days later they announced:  The Weinstein Co. has agreed to sell the majority of its assets to an investment group led by Maria Contreras-Sweet (an ex-Obama official) and Ron Burkle, striking an agreement after difficult negotiations among the board and the New York Attorney General Eric Schneiderman.

The truth here is, the lawyers win again.

Weinstein, like most Hollywood big shots, are basically “Club Member” wannabees.  They don’t fit in with the Wall Street boyz but they lust to be part of the “Club.”

Besides being sleazy, their inability to meet the “Club’s Professional Standards” (sarc) often causes them to step on someone’s toes.  Eventually, it results in their downfall.  (Just ask Martha Stewart.)

The question remains: “Whose toes did Weinstein step on?”

You almost have to laugh when all the phonies (especially the Hollywood crowd/Oprah!) shout from the rooftops:  “I’m shocked I tell you…Shocked at how this could have happened.”

What they’re really saying is: “I’m shocked that for over 30 years of everyone knowing the truth about Weinstein, it’s finally been made public.”

Could the boyz in the “Club” orchestrated this whole thing?

This saga is one of many events that take place behind the scenes on Wall Street.  (The stuff you never hear about is far more devastating).

Learn how the “Club” protects itself while destroying anyone who gets in their way (HERE).