TOTAL BULLSHIT!! If that were the case, Obama & Co. would not have run up an addtional $3 TRILLION in deficits in his first 14 months. You think the current generation is going to pay off those debts? Of course not. Well then, who ends up shouldering that deficit load? The Democrats don't care about ANYTHING except power.. and they have ZERO CONSCIENCE... "the end justifies the means" in their book...
This is the kind of post that leaves me a little disturbed to think that there are people who view issues such as this as cut and dried. These are actually very complex moral issues -- as complex as any the human race will face. Possibly those who see this in such a rigid way are influenced by religious dogma, but it is well to recognize that many religions, especially the Christian and Jewish faiths, are based on superstition. As such, they do not form a very reliable foundation for moral judgment. (Sorry this is, I know, a digression from the thread's intent, which was Obama bashing.)
Actually is is clear, are the abortion doctors killing an animal or something else, they are killing a human life---"It is clear", you are right, it is a "moral" issue and obviously the pro choice candidates do not have a conscience concerning this, they do lack morals! Morals are something that most men and ladies had at one time before they became depraved... It is too bad that America has made this a complex issue because it is not one! The same people that deem it legitimate to kill a human in the womb, will have you tossed in Jail for the rights of animals. Yes, America needs to wake up and wake up soon...
This is what it all boils down to. The investment banks make a heavy commission on the OTC derivatives business, it is a big cash cow for them so they will fight tooth and nail to stop any of this regulation going through. For us retailers and society as a whole it is best if these shadowy instruments are put on open and transparent exchanges for all to see who is buying and selling.
All true, 100%, but where does that leave us? Can't trust the "street" and can't trust the government. It's nearly impossible to make any distinction between the two. Yes, Gramm paved a trail, but we can't let Frank and Dodd off the hook either. Take for example the fact that Mozilo and his band of thieves at Countrywide were writing all the bad loans they could drum up. Why in the hell would anyone write loans to people they knew were incapable of paying them back? Why indeed! You don't do that unless you know you have a buyer for those loans. A buyer like Fannie. Why the hell would Fannie be in the market for such crap? Because Chris and Barney told them to, that's why. There is so much shit to go around it's impossible to get them all, which is exactly the game plan. Corporate America, Dem, Repub, all cut from the same cloth and all in the same bed.
Yes, and yes. Obama wants to turn American into a SOCIALISTIC CRAPHOLE.. to satisfy his personal sense of Social and Economic Justice. (The mess he creates for us would not apply personally to him and his family, of course.) Freedom-loving Americans should fear EVERYTHING he wants...
As long as you take care of all the unwanted babies because of lack of choice, I don't have a problem with no abortions.
And here is where I think people don't get it... OTC stuff on exchanges? Good idea! I know I have worked on OTC stuff and seen the volumes there. Dark pools? Why not! What is to stop me from going to an individual and saying, "hey you know those 10 gazilion shares of company X, how about we make a deal." That is what dark pools are all about. A place where very large blocks can be bought or sold. Otherwise these blocks are chopped, bought and sold using high frequency trading. co-location? Why not? Are you going to institute a minimum distance from the exchange? After all co-location is saying the radius is zero. Without co-location, what about the building beside the exchange? Too close? Too far? liquidity rebates? Why not? If I am going to send a large block of shares on the market then I will move the market. If an exchange will give me a rebate due to my market moving event I am all for it. Otherwise I will look elsewhere... flash quotes? Again what is the problem? Remember the days of the pit trader? Remember the wink, wink, hint, hint, Bob is my name that went on between the individual people in the pit? Don't you think that the pit traders put certain people on certain priorities? Do you really think it was fair? All of these things are just evolution of an electronic world. We just have to get used to it. Thus that is why I refuse to scalp shares or try to do any day trading. It has been statistically proven that day trading these days is noise trading. The machines have taken over and unless you have a machine forget it...