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