So who is wrong here? Warren or Bernanke/Yellen?
By saying we are "all fallible" you imply there has been an error made. But there is no error here, but different positioning.
Elizabeth Warren on a Roll!
- Thread starter piezoe
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So who is wrong here? Warren or Bernanke/Yellen?
By saying we are "all fallible" you imply there has been an error made. But there is no error here, but different positioning.
Show the statistics (as is so simple to do when discussing blacks and crime, etc), and maybe we can come to an agreement.
No, feel free to continue making little sense. I think, by now, everyone has likened your posting to rolling the dice or Forrest Gump's box of chocolates.
and refresh my memory. What does your post have to do with Elizabeth Warren? Or have you now once again drifted off onto some random commentary on Hollywood movies?
otherwise, yes, trading is a lot like a box of chocolates, you never know what you are going to get. Dice is a different matter, where the odds are clearly defined. I know Michelle is against chocolates (the candy kind, not the people kind), not sure of Elizabeth's opinions of shooting dice and casinos, but my guess is if she is against bankers she is probably against casino operators.
My post to you? Other than trying to get you to clarify your post so I could understand it, nothing. But then again neither does this post of yours have anything to do with Warren. What was your point again?
The market is random. Trading should never be. Perhaps you've been going about it wrong? That could explain why you are in the situation you are in your personal life, watching TV on the couch and talking about weed.
That's a surprisingly easy question to answer! The Congress (primarily Republicans) are wrong here. The Correct thing to do is to repeal the McCarran-Ferguson Act, bring regulation of insurance companies under the Department of Commerce, and regulate swaps as insurance policies. You won't be able to trade them at all then. That will solve the problem of 100 policies being sold to 100 different buyers all insuring the same property. The insurers will then be able to meet reasonable reserve requirements, and the tax payer will not have to step in when the insurer has to pay off on a policy they've sold.
Another benefit of repealing McCarran Ferguson, is that the ACA would function much better with insurance brought under Department of Commerce Regulation.
Except that Warren isn't going after the Republicans in this article, she's going after the bankers and the Fed. Does that make Warren wrong? Are you saying she should not going after Wall Street, and instead go after Republicans?
Oh, and I forgot, you're not a liberal or democrat, right?
Warren:
“Today I am coming to the floor not to talk about Democrats or Republicans,” Warren began her speech,"
I worked very hard to get to the point where all I have to do every day is trade from home with the tv (usually cnbc) droning on in the background, and an unlimited amount of pot to smoke in the evening. That's my situation, what's yours? I own some bank stocks, and I still haven't figured out how they have hurt me. Not sure what Elizabeth's problem with them is.
I continue to work very hard (though some days admittedly are harder than others) so I don't have to be happy with sitting on the couch all day trading and smoking weed.
fx man, all day and all night 24/5. I'm happiest when I am trading the market. And I don't own a couch. My laptop is on the footstool and I sit for sometimes 12 hours or more on the edge of my papisan. And after Europe closes, I put my laptop on my lap and my feet on the foot stool and take a brief afternoon nap.
But getting back to these attacks on the banks, what did they ever do to me? If I wanted to attack something right now it would probably be the EPA. They are doing real harm and destroying many landowners dreams. I don't think it is the governments job to break up a bank, and it wasn't the governments job to save them. So this, "I saved you, so now you owe me" crap doesn't sit well with me.