an example of why unfettered markets dont work

who said there should be unfettered markets? do you even know what the term means?

this thread is pure strawman bullshit...i do not know of anyone who advocates allowing banks or anyone to give false information to the market

desh fail
 
evince said:
http://www.msnbc.msn.com/id/37123241/ns/business-the_new_york_times



Prosecutor asks if banks duped rating agencies




The New York attorney general has started an investigation of eight banks to determine whether they provided misleading information to rating agencies in order to inflate the grades of certain mortgage securities, according to two people with knowledge of the investigation.
Click to expand...

If only Bill Clinton hadn't unregulated the banks. Dems should all learn a lesson and tell their leaders like Clinton and Carter that their deregulation was bad.
 
Yeah because billy did it all on his own and it was his lifelong dream.

Jesus Super.

Tell you what fuck Clinton he will never hold office ever again. You can put him in jail as long as you alos put in jail every fucking Con who got his panties wet dreaming of the day they could end Glass Steagal.

Billy would be the only dem in the jailhouse.
 
The banking industry is one of the most regulated industries on the planet, calling that "unfettered free market" is not just a misnomer, it's like calling a pride of cats a herd of donkeys and trying to saddle them. They might all have four legs, but that doesn't mean they're equines...
 
evince said:
Yeah because billy did it all on his own and it was his lifelong dream.

Jesus Super.

Tell you what fuck Clinton he will never hold office ever again. You can put him in jail as long as you alos put in jail every fucking Con who got his panties wet dreaming of the day they could end Glass Steagal.

Billy would be the only dem in the jailhouse.
Click to expand...

90-8 in the Senate.... so many Dems got their panties wet removing Glass Steagall. You are right... Clinton had a LOT of his Dem friends help him in repealing Glass Steagall.
 
The market was left to its own devices while the Bush SEC viewed porn.

It was as unfettered as its ever going to get.
 
evince said:
http://www.msnbc.msn.com/id/37123241/ns/business-the_new_york_times



Prosecutor asks if banks duped rating agencies




The New York attorney general has started an investigation of eight banks to determine whether they provided misleading information to rating agencies in order to inflate the grades of certain mortgage securities, according to two people with knowledge of the investigation.
Click to expand...

Why hasn't Obama forced the SEC to fix the obvious breaks with Hedge-funds, naked shorting, and uptick rule? This stands out to me as the worst display of incompetence yet. Its so obvious it was a major factor in the stock slide its seems he is paid off or something by taking no action.
 
Chapdog said:
Why hasn't Obama forced the SEC to fix the obvious breaks with Hedge-funds, naked shorting, and uptick rule? This stands out to me as the worst display of incompetence yet. Its so obvious it was a major factor in the stock slide its seems he is paid off or something by taking no action.
Click to expand...

Agreed. We are now over a year in to a Presidency in which Obama has the support of his party with Supermajorities (or at least he had that in the Senate)
yet Desh's Dems have done NOTHING towards any of the above.

What we need NOW...

1) uptick back in place

2) Glass Steagall back in place

3) Hedge funds regulated like the rest of the industry

4) ALL short positions must be reported to the SEC daily with evidence that the shares were borrowed. Any Naked Shorts must have licenses revoked.

5) Mortgages: one simple rule to start with... do you qualify for a 30 year fixed with 20% down? If not, no loan. If you do, then you can explore other options such as ARMS.
 
OK super , fine blame them all on Clinton if you like.

Dream away that it was some great left wing consperacy to ruin our economy and not blame it on the republicans who had NEVER EVER wanted to deregulate anything.

Happy.

Now lets talk about how stupid and distrucctive unfettered markets are.


now lets fix it and you can blame Clinton for EVERYTHING.
 
evince said:
I still think the stock slide was cyber terror and they dont want to tell everyone
Click to expand...

Do tell... what makes you think it was 'cyber terror' and not some wall street firm knowing exactly how to trigger a slide like this.

IF you want a conspiracy theory, here is one that is more realistic....

They KNOW which firm triggered the slide last Thursday and they KNOW how much money that firm made. But they don't want to tell us because it would be yet another black eye for Wall Street.
 
evince said:
I still think the stock slide was cyber terror and they dont want to tell everyone
Click to expand...
It wasn't effective and a ton of people made money, if it was cyber terror they'd talk about their huge success in stopping it. Instead it is more likely they are covering for somebody who did it on purpose and who gave them money for their campaign.
 
evince said:
OK super , fine blame them all on Clinton if you like.

Dream away that it was some great left wing consperacy to ruin our economy and blame it on the republicans who had NEVER EVER wanted to deregulate anything.

Happy.

Now lets talk about how stupid and distrucctive unfettered markets are.


now lets fix it and you can blame Clinton for EVERYTHING.
Click to expand...

LMAO.... I was just throwing your normal bullshit back in your face Desh.

Only one of us is delusional enough to think it wasn't both parties who did this to us.... and that one isn't me.
 
OK that means it was done on purpose for someones gain, kinda like cyber terror.

I can believe that one too.

But I'm sure you can find a way to blame it on Clinton right?
 
evince said:
OK that means it was done on purpose for someones gain, kinda like cyber terror.

I can believe that one too.

But I'm sure you can find a way to blame it on Clinton right?
Click to expand...

Not at all.... last week was clearly Obama's fault. Happened under his watch and all.
 
Oh thats right Obama is the new Clinton , I forgot.

Well its what we get for electiong a black man , hes going to take "the Man" down this time
 
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