A bullet dodged

Superfreak said:
Whats laughable is your calling everyone neocons and/or fascists. I am neither.

Side note... I did not say the SEC was capable. They clearly failed in cases like Enron, Worldcom and Madoff. My point was that you are incorrect in stating that the industry polices itself. It is policed by a GOVERNMENT agency. The fact that the government agency sucks is irrelevant to my point.
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Im stating that fascist hacks like you PREFER the industry police itself.

And the solution is not government either. I think a hard dose of cynicism and divestment is needed. it's foolish to think the nations collective wealth in so few hands can ever be policed adequately.
 
Superfreak said:
Depends on what you are regulating. As far as the securities industry, I want Glass Steagall put back in place, I want the uptick rule put back in place, I want hedge funds to fall under the same regulations as the rest of the industry and I want the SEC to do their friggin job.

As for others.... I want the home mortgage industry to be regulated as well. One simple rule.... If you do not qualify for a 30 year fixed... you do not get the loan (at least for the amount you are applying for). If you qualify for a 30 year fixed rate, you may then be shown other options such as an ARM.
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amen to this.. points for you. uptic rule elimination was the shot herd around the world for this recession.
 
AssHatZombie said:
Im stating that fascist hacks like you PREFER the industry police itself.

And the solution is not government either. I think a hard dose of cynicism and divestment is needed. it's foolish to think the nations collective wealth in so few hands can ever be policed adequately.
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Well gee golly there beaver.... if YOU say that is what I want, then clearly it must be the case.... (even though I just friggin stated the opposite of that)
 
Chapdog said:
amen to this.. points for you. uptic rule elimination was the shot herd around the world for this recession.
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I have yet to hear one logical reason for removing the uptick rule. It's removals have made techincal trading much harder, the markets more volatile and has caused the collapse of at least one company that otherwise would not have gone under.
 
Superfreak said:
Then you are also well aware that the money FOR insurance is INVESTED in SECURITIES?
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I understand how insurance companies work. But I also understand that when an individual purchases an insurance policy they are not expecting that the insurance policy will provide them with a "return" on the "investment" of purchasing an insurance policy. Rather, the insurance will provide them a defined benefit upon the occurrence of certain events. Social Security is insurance in that is provides defined benefits upon the occurrence of certain events. It is not an investment. "Returns" should not be part of the equation.

Conflating what an individual purchaser expects from an insurance policy and what the insurance company does with premiums in the context of a discussion about social security is foolish.

Having said that, maybe we should extrapolate your scenario and simply allow the federal government (the insurance company) to purchase securities through with Social Security tax collections (premiums) rather than requiring the trust fund to be comprised solely of US government bonds.
 
Superfreak said:
I have yet to hear one logical reason for removing the uptick rule. It's removals have made techincal trading much harder, the markets more volatile and has caused the collapse of at least one company that otherwise would not have gone under.
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put in place during the depression led to an immediate begining to the recovery. Taken out in July 2007 = beginning of the huge market sell off. CSOOO much easier to make money betting against a company with no uptick rule and no enforcement of naked shorting.
 
Dungheap said:
I understand how insurance companies work. But I also understand that when an individual purchases an insurance policy they are not expecting that the insurance policy will provide them with a "return" on the "investment" of purchasing an insurance policy. Rather, the insurance will provide them a defined benefit upon the occurrence of certain events. Social Security is insurance in that is provides defined benefits upon the occurrence of certain events. It is not an investment. "Returns" should not be part of the equation.

Conflating what an individual purchaser expects from an insurance policy and what the insurance company does with premiums in the context of a discussion about social security is foolish.

Having said that, maybe we should extrapolate your scenario and simply allow the federal government (the insurance company) to purchase securities through with Social Security tax collections (premiums) rather than requiring the trust fund to be comprised solely of US government bonds.
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sigh.... I'll agree to disagree on the discussion of 'returns' ... mainly because we can go round and round all day on why you are wrong. But you did bring up an interesting point....

I would have no problem with SS being modified to allow the SS funds to be invested in a mix of the Treasury bonds and the S&P (or Wilshire etc...). My main problem is that the current funds are NOT being invested. Good suggestion.
 
Chapdog said:
put in place during the depression led to an immediate begining to the recovery. Taken out in July 2007 = beginning of the huge market sell off. CSOOO much easier to make money betting against a company with no uptick rule and no enforcement of naked shorting.
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So true. Those that started shorting, know where the technical breakpoints are. All they had to do was blow through the technical barriers and technical trading systems would kick in and send the stocks down even further. If you find anyone within the industry that supports the removal of the uptick, if its a guy... kick him in the nuts.... because he is likely one of the bastards that has been shorting the hell out of these stocks.
 
Superfreak said:
So true. Those that started shorting, know where the technical breakpoints are. All they had to do was blow through the technical barriers and technical trading systems would kick in and send the stocks down even further. If you find anyone within the industry that supports the removal of the uptick, if its a guy... kick him in the nuts.... because he is likely one of the bastards that has been shorting the hell out of these stocks.
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believe me i would. have a friend that was like i make so much money shorting last year bla bla. called him a fucking ass hole and hung up on him.

I especially despised the shorts on the ESLR board. An American solar company with Americans trying to bury it for a small gain. Basically changed my opinion about how much of asshols and greedy wall street can be.
 
Superfreak said:
No, you just said you thought it funny that I stated that those two groups police themselves....

You failed to highlight WHY you thought that was incorrect.
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oh dear me. my apologies. After the last 30 years, it should have been obvious to anyone WHY it was incorrect simply by looking at the two classes of professions I quoted you on.

anyone else not know why? I'll give a class on it later.
 
Chapdog said:
believe me i would. have a friend that was like i make so much money shorting last year bla bla. called him a fucking ass hole and hung up on him.

I especially despised the shorts on the ESLR board. An American solar company with Americans trying to bury it for a small gain. Basically changed my opinion about how much of asshols and greedy wall street can be.
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tell me about it.... how many of the solars got buried that way?

the answer... ALL of them.
 
SmarterThanYou said:
oh dear me. my apologies. After the last 30 years, it should have been obvious to anyone WHY it was incorrect simply by looking at the two classes of professions I quoted you on.

anyone else not know why? I'll give a class on it later.
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translation.... "I have no idea what is wrong with the statement and therefore will continue to duck out of providing an answer"
 
Dungheap said:
I understand how insurance companies work. But I also understand that when an individual purchases an insurance policy they are not expecting that the insurance policy will provide them with a "return" on the "investment" of purchasing an insurance policy. Rather, the insurance will provide them a defined benefit upon the occurrence of certain events. Social Security is insurance in that is provides defined benefits upon the occurrence of certain events. It is not an investment. "Returns" should not be part of the equation.

Conflating what an individual purchaser expects from an insurance policy and what the insurance company does with premiums in the context of a discussion about social security is foolish.

Having said that, maybe we should extrapolate your scenario and simply allow the federal government (the insurance company) to purchase securities through with Social Security tax collections (premiums) rather than requiring the trust fund to be comprised solely of US government bonds.
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Insurance is set up far better. Rates are set so that payout is never greater then premiums... and is why premiums change. Also the treasurer gets to invest the future payouts into some good shit (tho some insurance companies took it on the chin with this downturn but you wont notice as they will adjust premiums to make it back before it needs to be paid out) SS has higher payouts then pay ins.
 
Superfreak said:
translation.... "I have no idea what is wrong with the statement and therefore will continue to duck out of providing an answer"
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you need to go back to school apparently, because your translation skills suck ass. You should actually ask asshat for lessons. he's very good at translating.
 
AssHatZombie said:
It's all talk. Now you're all pro legislation because your golden goose of corruption is failing.
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you are really full of shit today beaver....

I have been stating this for years.... just admit, you knee jerked out your traditional fascist bullshit without knowing what my past positions on this topic have been.
 
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