And that is exactly the problem! It's so simple to understand why this market is in so much trouble but hey SEC knows best./sarcasm
Sorry, but I've said it for two years. Patrick Byrne has been all over the SEC, and all over the regulators. You can go to Deepcapturethemovie.com or deepcapture.com and read all about it. We need MBIA, and Greenberg, Ackman, and Charlie are killing it w/o even letting them get a breath. The SEC, the Media, Politicians, are all captured by Wall St. We have a window here, since subprime, to reign them in. Right now, lobbyists are all over the polliticians. They know regulation is coming, remember in the summer some hedgie sued and won, and they are trying to soften it. You will see some bills very soon hit the floor.
Yeah but only once the #($% hits the fan hard enough. Washington won't move a finger until a disaster of major proportions forces them to.
Thats a very important point. Legislation never gets done until theres a crisis and after its over its back to business as usual. The pressures are possible now for people who have the forum to apply pressure and make inroads -- like Charlie. What can we do? Talk about it, unless you have a tv show. Charlie is so right, they should have been demanding the authority a long time ago. If they're not given the authority then they shouldn't be an enforcement agency ...it don't compute. Politics is the only explanation. Thats why they appoint milque toast hand puppets like the guy being interviewed. What Charlie did was so much more important then what Cramer did re: the Fed.
Now, I want to you to think about what you just said. If I said they are moving, and you say "until a disaster........." Ask yourself, what do they see we don't see? This is extremely iimportant point. Here's the video......... http://www.cnbc.com/id/15840232?video=632200049&play=1
They see a freaking disaster and since their politicians they are all getting ready to cover their 6. Is this what you are trying to say because you don't have to be cryptic about it. Politicians thinking about themselves, how shocking. lol EDIT: What am I supposed to be thinking about? I already thought about this stuff far longer than I would admit so if you are trying to say something then say it. Don't be shy.
I've been hearing failure of a major institution for a week. An article came out saying if it happened, the US Govt would bail it out. That is an obvious plant by the money barons to diffuse panic. It would have to be something of that proportion to get these morons off their asses. I don't doubt anything. Neither should anybody else.
Sad but true. It's not as if this hasn't already been a major concern for well over a year but, hey, "let's ignore and maybe it'll go away."
ROFL. 125bps cut in 10 days in working the market like a 10$ whore. Having the gov make sure major monolines don't lose a AAA rating is working the market like a 10$ whore. You perma-bulls are so silly. It's your tax dollars working the market like a 10$ whore.