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I believe it. There's no end to the stupidity of the plebes. They honestly believe that destroying the people who reduce their risk by providing liquidity will make all the dumb fucks winners. A part of me hopes they get what they ask for because smart people will leave the country and make...

' Of course he's a <i>former</i> trader. You can't have a full time job commenting on television and be a full time trader. You don't need to be a trader currently to understand how the markets work, ya' dope :) Plus, standing in the pit/sitting in front of screens for decades is...

Oh God! You can't be serious. From time to time he makes a smart comment, but overall he's incredibly clueless. The oil futures pit is a den of thieves. You don't actually have to know caca about trading but you have to be in the "in" crowd so that you can stand around and mindlessly rip off...

That's my understanding too.

The fact that the shrub & McPain were also idiots doesn't mean that the Obamessiah isn't one.

Santelli is awesome. He's the only good thing about CNBC and always has been.

hmmm...that's like saying you're smart and have a clue.

Oh please! Clinton couldn't regulate his own dick. Plus...nobody can regulate markets in anything. To be able to regulate a market, an individual or small collective of individuals would have to know more than all the other market participants combined. If you think that's possible, I have...

You are incredibly foolish. I will not be paying it. I'll make my market wider and YOU will pay it. But if you want to pay....who am I to stop you?

So, electing these douches is not enough. You have to bribe them too. If there's any doubt we're a banana republic.....

He looks like a pedophile.

Thanks for the update.

Of course they won't object. Market makers and broker dealers will be exempt. Customers will pay. Retail customers will pay the most. Market makers will benefit from wider markets. They won't be hurt by it. YOU will.

I'm not being complacent. I'm just saying you should connect with lobby groups in the industry. They wield an enormous amount of power - much more than individual letters.

Good. YOU pay it. Oh wait...you will.

Well, hell, as long as we're being honest....since 1932.

Most idiots don't understand that those "speculators" provide the liquidity that improves their transactions costs and reduces their risk. I used to be sympathetic to ma and pa investors until I realized they were the ones begging and screaming to pay up for more risk. Fuck 'em. If they...

Since January.

I think the brokers have no response because they don't think this thing has a snowball's chance in hell. It will not only hurt the brokerages but every single company listed on U.S. exchanges because liquidity reduces their cost of capital by reducing the risk of investing in their shares...

There are very long waiting lists in some countries and most European countries are moving toward a private model. My biggest problem with socialized medicine is 1.) the lack of incremental cost to the patient encourages over use of the system. 2.) The health care decisions are no longer in...