Taichiliberal
Shaken, not stirred!
The above is simply nonsense. Everyone who trades contracts is a part of the 'real economy'. They ALL bare economic risk. Like anything, speculation can be extreme... typically during periods of great uncertainty.... as I stated and you ignored. Trying to 'police' the speculation in terms of an attempt to determine how much speculation is 'too much' is simply moronic. It would be completely arbitrary and subjective.
Learn to read, you Super Freak-ing Dunce. She wasn't talking about "periods of great uncertainty", she's talking about people speculating on others speculation WITHOUT HAVING A DIRECT RELATION TO THE ACTUAL CONTRACT THAT BEARS RISKS. Obviously, you didn't read the link I earlier provided regarding talk about regulation....or you did and just ignored it in favor of your myopic viewpoint. Newsflash for ya, bunky...if there is a recognized business practice, it can be regulated...especially when the dollar amount is quite sizeable. If the SEC can be objective in all the other aspects of Wall St., than so it should be trusted to work out a formula for this.
Yes you did ignore it and you just did the exact same thing above. Pretending that speculation 'lowered it slightly'.... is completely FALSE.
Tell us moron.... do you honestly want to continue pretending that a drop from $148/brl to $37/brl is a 'slight drop'???????
And what was the price drop at the gas pump, my Super Freak-ing BS artist? What was it before the barrel price was $148, during and after the drop to $37 a barrel (don't forget the time frame). You like to throw around numbers, how about some specifics? Shouldn't be too hard if you're really doing some honest research. YOU made the statements, the burden of proof is on you, bunky. Put up or shut up.
ah... more moronic parroting from you....
In order for me to "parrot" something, my Super Freak-ing Dunce, you have to produce the source that shows such in no uncertain terms....let's see if you can.
1) While Wall St certainly played a huge role in the economic meltdown... they would not have had the opportunity if the idiots in DC had not repealed Glass Steagall. I have repeatedly stated that Glass Steagall needs to be reimplemented and the big banks thus broken back up. But I know, the facts don't matter to you. They get in the way of your moronic chanting.
And yet you STILL have not produced anything that disproves my previous response. Stating a moot point does NOT absolve you of your idiotic assertions regarding speculation and Wall St. Only a Super Freak-ing idiot would try to excuse uncontrolled and excessive speculation by pointing to other failed and criminal Wall St. acts.
2) What 'uncontrolled' speculation? Speculation is what drives the market. It always has, it always will. The greater the uncertainty in the future, the greater the speculation is another fact that has remained constant. If you want to 'control' speculation to 'acceptable levels' or whatever you are trying to project, then you eliminate as much of the uncertainty as possible.
You're repeating yourself, you Super Freak-ing Dunce...and your assertions have been addressed and deconstructed. Bottom line, you can't just bring back Glass-Steagall but ignore the burgeoning problem of out-of-control speculation. No one is saying eliminate speculation, just make sure that it's grounded in the real world, and not some BS similar to the crap the mortagage banks did with mixing bad loans with good ones and then selling the packages to each other.
