Longs on Crude Oil Banned!!!!
- Thread starter Agassi
- Start date
The National Association of Home Builders cut off
all political funding (around $20m, 65% to Republicans
and the rest to Dems) in February after a tax refund
clause failed to make it into an economic stimulus
package passed back in January. Just yesterday, the US
Senate agreed to a bill that lets the same homebuilders
to "carry back" recent losses to earlier years of
profit!! Now, the Congeressional Budget Office (CBO)
figures that the taxpayer will end up paying the
homebuilders approximately $6b, a very large percentage
of which will end up in the coffers of the very same
homebuilders that are partially responsible (along with
end American greed!) for the mess that we are in right
now. Some scoundrels ("All politicians are
scoundrels", GB Shaw)up in Washington tout this as a
measure to avoid distressed prices and prevent layoffs.
Bull Shit!
The last credit card bill that I paid late was when I
was back in school (1993-94). I, as a taxpayer am being
penalized for paying my cards on time, paying up my
mortgages on time and in general, for being circumspect
about my fiscal responsibilities. I am being forced to
pay to rescue companies and individuals that did not
have a sense of fiscal responsibility and just pandered
to their own whims and greed.
This country is going to the dogs -- as long as idiot
politicians who are in the back pockets of corporate
america are around and as long as special interest
groups are around, this country will never learn what it
means to be fiscally responsible. After all, fiscal
responsibility has to start from a grass roots level
and that means you, I and the rest of the people that
inhabit this country. This malaise thrives up every
orifice - we are a huge debtor nation.
Let the homebuilders and mindless people that accumulated
debt fail. That's the only way true capitalism will
work because that is being responsible for the actions we
take.
I've never been able to trade T-bond futures profitably.
I would be a lot richer if I could just get my losses on
those things paid back to my by the US government. Now,
why would you not want to pay for that one?
I detest/hate/resent/loathe what is happening. We are
all thieves as we are stealing from future generations
by not letting the people that need to take pain, take
it.
Very soon you will read that the National Association
of Homebuilders has re-instated its political contributions,
or even doubled it. Here we call them "lobby groups" but
we point to other countries and call it "bribery
all political funding (around $20m, 65% to Republicans
and the rest to Dems) in February after a tax refund
clause failed to make it into an economic stimulus
package passed back in January. Just yesterday, the US
Senate agreed to a bill that lets the same homebuilders
to "carry back" recent losses to earlier years of
profit!! Now, the Congeressional Budget Office (CBO)
figures that the taxpayer will end up paying the
homebuilders approximately $6b, a very large percentage
of which will end up in the coffers of the very same
homebuilders that are partially responsible (along with
end American greed!) for the mess that we are in right
now. Some scoundrels ("All politicians are
scoundrels", GB Shaw)up in Washington tout this as a
measure to avoid distressed prices and prevent layoffs.
Bull Shit!
The last credit card bill that I paid late was when I
was back in school (1993-94). I, as a taxpayer am being
penalized for paying my cards on time, paying up my
mortgages on time and in general, for being circumspect
about my fiscal responsibilities. I am being forced to
pay to rescue companies and individuals that did not
have a sense of fiscal responsibility and just pandered
to their own whims and greed.
This country is going to the dogs -- as long as idiot
politicians who are in the back pockets of corporate
america are around and as long as special interest
groups are around, this country will never learn what it
means to be fiscally responsible. After all, fiscal
responsibility has to start from a grass roots level
and that means you, I and the rest of the people that
inhabit this country. This malaise thrives up every
orifice - we are a huge debtor nation.
Let the homebuilders and mindless people that accumulated
debt fail. That's the only way true capitalism will
work because that is being responsible for the actions we
take.
I've never been able to trade T-bond futures profitably.
I would be a lot richer if I could just get my losses on
those things paid back to my by the US government. Now,
why would you not want to pay for that one?
I detest/hate/resent/loathe what is happening. We are
all thieves as we are stealing from future generations
by not letting the people that need to take pain, take
it.
Very soon you will read that the National Association
of Homebuilders has re-instated its political contributions,
or even doubled it. Here we call them "lobby groups" but
we point to other countries and call it "bribery
Well said. Lobby Group=Bribery. Special names don't change the inherent characteristic.
Quote from Agassi:
Ok. Now Govt. has banned shorts in order to "protect" every one.
Why didn't the government ban longs or upside more than say $80 on crude oil as well?
Looking to start an intellectual discussion....HBS case study...on ET
Because corrupt oil men run the white house.
If idiot were from North Carolina cotton would cost more then gold.
US govt can control the equity and financials in the US. How do you propose the US take control of the 90% of the world oil production that is controlled by cartels and other govt?Quote from Agassi:
Why didn't the government ban longs or upside more than say $80 on crude oil as well?
Looking to start an intellectual discussion....HBS case study...on ET
If the US can solve the energy problem internally and be energy independent, that will go a long way towards solving the financial crisis.
The lobby is hired to win votes for their clients. The win votes by giving congressmen money, booze, drugs, hookers, vacations....
Nothing wrong with that. Any salesman is going to give something to make a sale.
It is all the fault of the congressman if he makes votes based on his gifts.
Its the same as trying to give a cop $50 to get out of a ticket. If he is straight he will say no or even arrest you, If he is sly he will take the money and let you go. It is the morals of the cop that needed to be judged
Longs on Crude Oil Banned!!!!
lol!,
now that's one I like!
Let's balance out the no-shorting on the stocks with, all the shorting you want to on oil!
If we can get the shorting-financial-to-kingdom-come crowd something to do, could be a win-win!
You know, they are working late this weekend 'makin this shit up as we go-along', somebody place a quick call to the rabble in DC, (otherwise known as the, er hmm, 'The Administration', (said in deepened and respectively tone), and whisper it their ears.
You never know, lots of room (empty space) in the 'ole suggestion box' they call their heads.
ps, apparently their synapses require lots of 'static-charge' in order to fire, so it may take more than a WHISPER to get through to them.
lol!,
now that's one I like!
Let's balance out the no-shorting on the stocks with, all the shorting you want to on oil!
If we can get the shorting-financial-to-kingdom-come crowd something to do, could be a win-win!
You know, they are working late this weekend 'makin this shit up as we go-along', somebody place a quick call to the rabble in DC, (otherwise known as the, er hmm, 'The Administration', (said in deepened and respectively tone), and whisper it their ears.
You never know, lots of room (empty space) in the 'ole suggestion box' they call their heads.
ps, apparently their synapses require lots of 'static-charge' in order to fire, so it may take more than a WHISPER to get through to them.