It would be fine if the government was responsible enough to interfere with the market when it was obvious there was a housing bubble and it was obvious that no-doc loans were scams and it was obvious that many people were going to be upside-down on their mortgages with no chance in hell of...
I'm glad the Fed has created an environment where saving money = stupidity. Didn't low interest rates get us into this problem in the first place? It is unbelievable that they are reaming the retired this way and encouraging speculation when it should be the other way around.
It's funny that the government is attempting to bail out everything in sight when the foundation for everything is just plain rotten. We say we are a capitalistic society, but we are all witnessing the truth. Part of capitalism is to weed out the parts that don't work. The government is...
So this would make him a good SEC chairman? It is complete b.s. and if you actually watched his show, you would know how wrong he has been on most topics.
If you ever listen to his show, he has proven himself to be an idiot one hundred times over. I shudder to think of what would happen if Cramer were SEC chairman.
The SEC's stated mission is
And if you've followed the recent history of the SEC you know that most of the time they do the opposite of "protect investors." So just stating their mission as an argument seems pointless to me.
Anyone who complains about the repeal of the uptick rule is basically arguing that they want one of their financial freedoms taken away from them. Please think what you are saying.
Anyone who complains about the uptick rule causing the market downturn or causing the velocity of the moves is...
Thanks for the attitude jackass.
The interest calculations still don't seem right to me. Maybe I am just in shock at how retarded this country is for crushing people who actually save money.
Thanks again jackass!
Well as we all know you have to just trust whatever Cramer says because he is always right. Just think if the Fed had done what Cramer had said when Cramer first said it - we wouldn't even be in this mess - according to Cramer. And now he wants to be the SEC chairman - I ask you, what could...
On my IB statement today, I noticed that the credit interest for my account was reduced by about 80% from the previous month. I know the Fed is trying to target a 0% interest rate, but I didn't think we were there yet. Is anybody else seeing this?
This article doesn't even mention that we are going through arguably the biggest financial crisis of our times. Without this context, his argument seems meaningless to me. And if you can't compete in the market you are given, hit the road. Stop whining about it and also don't blame the changing...