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Get your grass skirts, boys and girls. We are officially a banana republic.

Your whole argument is stupid. 80% of start-ups fail. Does that mean you shouldn't invest in a start-up? Since fraud can happen in any type of investment, does that mean we should prevent people from investing? These investment partnerships are private contracts between private...

ETF's? I don't think that's even possible. One more time....the probability that any of them are a fraud is something like 0.0001%. With that kind of probability of fraud, I will do that trade every day. If one has 80% of one's assets invested in any investment partnership that one is...

One other thing....Madoff was not running a hedge funds. He was managing accounts for people.

There are about 9,000 hedge funds. There are many more investment partnerships. Plenty of them lose money, but you can count the number of actual frauds on one, or at most, two hands. This means that there's a minuscule probability that you're invested in a fraudulent investment...

http://query.nytimes.com/gst/fullpage.html?res=9A01E4D61030F93BA35750C0A9649C8B63 Since I know Democrats not only make shit up but are also too lazy to look anything up themselves, I will provide you with a link to a 2002 article from the New York Times. I believe you partisan hacks find...

they're still open? I thought they blew up months ago.

Nope. In the Orthodox ceremony the priest says all that during the looooongest marriage ceremony in the modern world and the bride and groom's agreement is implied the fact that they don't flee the ceremony.

you've GOT to be kidding. NYC spends about $150K per head of my tax dollars on the homeless. For me to be able spend $150K on myself in NYC, I first have to make $300K. What you should be asking is WTF are they doing with all that dough. My guess is the government officials are figuring out...

And if that's not enough, just wait until foreign governments refuse to buy more treasuries for bailouts or demand a higher interest rate as government spending crowds out private investment and the GDP continues to fall. Then, we'll be facing a currency crisis and dreaming of getting our...

I can't accept as serious any attempt from an idiot who misspells "wives". Twice

Paulson is not Jewish.

If they traded like stocks, they would be closed end funds. Obviously, that's not the structure they want. "Lightly regulated" (yeah, right) hedge funds have not been the problem. Heavily regulated banks and I-banks turned out to be the problem. Wasn't the fabulous SEC & Fed supposed to...

That should read: "maintain orderly and efficient markets". Sorry for the poor editing.

Part of the SEC's mission is to maintain orderly and efficient . Liquid markets are efficient markets and they reduce risk, lower transactions costs and decrease the cost of capital for companies. The SEC conducted a series of studies on the uptick rule and found that it had zero effect on...

Holy crap, IB is terrible. I can understand if IB has problems locating hard to borrows in time for settlement but SPY???

The picture I tried to post didn't come through. To be fair, the government itself has done plenty over the decades to destroy the car companies - including idiotic stuff like CAFE standards and arbitrarily limiting GM's market share in the 50's even as it was naturally increasing as other...

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That picture is stunning. Stunning. Now that the parasitic UAW has killed off its hosts, it's lobbying government to get rid of the charade and force taxpayers to provide its members with the lifestyle to which its members have become accustomed. Unfortunately our government has the power...

Anaconda didn't say they made their money off retail customers. But no specialist (barring a total moron) would miss the opportunity to steal if it presented itself and retail orders are easy prey.