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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 04:03 PM Original message |
Obama Pushes Broad Rules for Oversight of Derivatives ...NOT good |
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OHDEM (802 posts) Send PM | Profile | Ignore | Wed May-13-09 04:05 PM Response to Original message |
1. I'm not 100% clear on what's bad about regulation... |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 04:07 PM Response to Reply #1 |
2. Its what is being regulated that is bad...derivatives shouldn't exist...period! n/t |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 04:09 PM Response to Reply #2 |
3. You can't get rid of them... |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 04:29 PM Response to Reply #3 |
5. You do not need to 'rate' anything, simply ban them as investment instruments. n/t |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 04:30 PM Response to Reply #5 |
6. And how would one do that without first having the right to oversight? eom |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 04:36 PM Response to Reply #6 |
7. Commerce section of Constitution, the source of the SEC's powers. and ... |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 04:54 PM Response to Reply #7 |
8. And what would you do with all the monies... |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 08:34 PM Response to Reply #8 |
10. well, as things are showing these financial businesses aren't really... |
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northzax (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 08:46 PM Response to Reply #10 |
11. derivatives are hardly a new invention |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 08:52 PM Response to Reply #11 |
12. futures are not derivatives in the modern sense. n/t |
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northzax (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 08:57 PM Response to Reply #12 |
14. they are still derivatives |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 09:05 PM Response to Reply #12 |
15. Thanks for clarifying that you have absolutely no idea what you're talking about. |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 10:23 PM Response to Reply #15 |
18. oh, welllll |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 12:41 PM Response to Reply #12 |
43. WTF? Futures and options are EXACTLY a derivative. |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 10:31 AM Response to Reply #10 |
39. "a more recent invention" |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:30 AM Response to Reply #7 |
31. and stupid..... Thank God we elected Obama and not a knee jerker like you. |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 12:32 PM Response to Reply #31 |
40. 'kneejerker'? thats not nice, I never called you a repug or anything, sheesh! |
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LuvNewcastle (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 04:13 PM Response to Original message |
4. Who's going to rate them? |
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OHDEM (802 posts) Send PM | Profile | Ignore | Wed May-13-09 06:19 PM Response to Original message |
9. Oh...I see what you're getting at! |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 08:53 PM Response to Original message |
13. (shrug) I'm fine with their regulated existence. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 09:40 PM Response to Original message |
16. how on earth do you get from an effort to regulate derivatives to complaining about the federal debt |
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Badgerman (378 posts) Send PM | Profile | Ignore | Wed May-13-09 10:22 PM Response to Reply #16 |
17. Quite easily, the bailout to wall St are BORROWED $. No drama. n/t |
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unblock (1000+ posts) Send PM | Profile | Ignore | Wed May-13-09 10:41 PM Response to Reply #17 |
19. except it doesn't cost very much at all to REGULATE derivatives |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 05:44 AM Response to Reply #19 |
20. Derivatives are unnecessary and destructive... |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 05:53 AM Response to Reply #20 |
23. i am in the finance industry, but then so is warren buffet |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 06:01 AM Response to Reply #23 |
25. Oh? Perhaps this quote will change your mind... |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 06:23 AM Response to Reply #25 |
26. yes, and did you know the warren buffett actively deals in derivatives? |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 06:35 AM Response to Reply #26 |
28. Yes. He enjoys seprating suckers from their money... |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 09:21 AM Response to Reply #28 |
38. accusing ANYONE who works in the financial industry of being part of the problem is ridiculous |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 12:34 PM Response to Reply #38 |
42. no less so than a guard at Auschwitz...as far as guilt goes, an enabler. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 01:20 PM Response to Reply #42 |
44. that's just insane. you're a human, and humans caused this problem, so YOU'RE guilty too? |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:40 AM Response to Reply #20 |
35. Southwest Airlines used derivatives.... many farmers use them too. |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 05:45 AM Response to Reply #19 |
21. BUT! It has cost us BILLIONS in bailouts because of them, n/t |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 05:50 AM Response to Reply #21 |
22. no, it's because they were abused and used to excess |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 05:56 AM Response to Reply #22 |
24. All of what you say begs the question... |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 06:33 AM Response to Reply #24 |
27. i don't follow your distinction between natural and artificial. it's ALL artificial |
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Badgerman (378 posts) Send PM | Profile | Ignore | Thu May-14-09 06:38 AM Response to Reply #27 |
29. Never claimedd they weren't, My point is that since they... |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:17 AM Response to Reply #29 |
30. You are well-named. |
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northzax (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 02:21 PM Response to Reply #29 |
45. of course they 'could be made to go away' |
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cali (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:33 AM Response to Original message |
32. bw3ahahahaha. |
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DU GrovelBot (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:33 AM Response to Original message |
33. ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ## |
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Hubert Flottz (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:37 AM Response to Original message |
34. The bankers and the politicians who they own don't give a |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:43 AM Response to Original message |
36. I'll take regulation. |
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snooper2 (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 08:47 AM Response to Original message |
37. before you go around calling somebody a dolt |
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Jennicut (1000+ posts) Send PM | Profile | Ignore | Thu May-14-09 12:34 PM Response to Original message |
41. Regulation is what we want. Banning them would never happen. |
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