Obama Administration "Most Anti-Market" in U.S. History

[Free Thinker]

Quote from gkishot:

I guess you want to blame the market for the accounting excesses. This is like blaming a mirror for what you see in it's reflection.

do you think its a good thing that multi trillions of derivitives are traded unregulated and unrestricted as to margin requirements?

do you think its a good thing that some large entity can put on an unregulated trade large enough to sink the world economy with out the funds to pay off that bet?

do you think its a good thing that ceos can pull down multi million dollar bonus packages while their company is bankrupt and depending on government aid for survival?

 

[Free Thinker]

Quote from Mvic:

Certainly. Just requiring all financial instruments and transactions to be exchange traded on exchanges open to all and with anti trust enforcement in exchange ownership would eliminate most of the problems,

good first step but its not the adminsitration that is fighting this. its the wall street cabal. they are happy just the way things are.

 

[gastropod]

Quote from vhehn:

would you agree that some tougher regulation should eventually come out of this crisis to prevent it from happening again?

tougher regulation?!?!? TOUGHER REGULATION?!?!?.....no, absolutely not...no we do NOT need tougher "regulation" we NEED PENALTIES - LIKE EXECUTIONS!!!! It is like "gun control" laws - we do NOT need new gun control laws - we need the present ones to be enforced!!! Hang a few bank leaders who screwed their own banks over with this crap that started this whole mess...things will be different in the future!!!! Take a few of these jackasses who facilitated "liar loans" and slit their jugular veins...we won't have the problem in the future...oh, and take any "fortune" that they "thought" they would leave to their families and burn it to the ground, so there is no benefit to self or family for committing such fraud and it will go away!!!

-gastropod

 

[Landis82]

Quote from Angrycat:

Market excess are self-correcting (idiots are cleaned out).

Yeah, the CDS market really did a great job in cleaning-out all of the idiots, didn't it? It literally took the entire financial system down with it.

We can all thank Phil Gramm for that.

You assume that the marketplace is one that is where everyone is on a level-playing field. Good luck with that assumption.

 

[Free Thinker]

Quote from gastropod:

tougher regulation?!?!? TOUGHER REGULATION?!?!?.....no, absolutely not...no we do NOT need tougher "regulation" we NEED PENALTIES - LIKE EXECUTIONS!!!! It is like "gun control" laws - we do NOT need new gun control laws - we need the present ones to be enforced!!! Hang a few bank leaders who screwed their own banks over with this crap that started this whole mess...things will be different in the future!!!! Take a few of these jackasses who facilitated "liar loans" and slit their jugular veins...we won't have the problem in the future...oh, and take any "fortune" that they "thought" they would leave to their families and burn it to the ground, so there is no benefit to self or family for committing such fraud and it will go away!!!

-gastropod

wow. and some rightwingers would argue more regulations would be "antimarket". you want them flogged and killed in public.

 

[gastropod]

Quote from vhehn:

wow. and some rightwingers would argue more regulations would be "antimarket". you want them flogged in public.

no, please read carefully, "NOT FLOGGED" - I WANT THEM VINDICTIVELY and HARSHLY EXECUTED - AND ALL OF "THEIR" POSSESSIONS" BURNT!!!

Am I right wing...if, by right wing you mean conservative...I would say conservative back to the old Roman empire...where similar punishment awaited the enemies of the people

-gastropod

 

[Free Thinker]

Quote from gastropod:

no, please read carefully, "NOT FLOGGED" - I WANT THEM VINDICTIVELY and HARSHLY EXECUTED - AND ALL OF "THEIR" POSSESSIONS" BURNT!!!

Am I right wing...if, by right wing you mean conservative...I would say conservative back to the old Roman empire...where similar punishment awaited the enemies of the people

-gastropod

ok. one question. do they get a trial or do we organize mobs to hunt them down?

 

[Angrycat]

Quote from Landis82:


You assume that the marketplace is one that is where everyone is on a level-playing field. Good luck with that assumption.

No, it isn't. Regulation ensures it's not a level playing field.

 

[fkbsuhites]

were you dropped regularly on the head as a little child?


Your level of sheer stupidity gives the rest of your unamerican rightwing nut brethren on ET a good run for the money.

Quote from Angrycat:

No, it isn't. Regulation ensures it's not a level playing field.

 

[ang_99]

Vote democrat! Yeaaaaaah! Boyyyy!