tag:blogger.com,1999:blog-15329279.post7187628510897050780..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: Conservatives Agree Derivatives Dangerous... So Get on Board with Regulation!caheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-15329279.post-68912085379008306362010-05-10T16:39:51.352-06:002010-05-10T16:39:51.352-06:00The talking points that are associated with this b...The talking points that are associated with this bill is that Wall Street has acted like a casino and must be reformed! Casinos run better than Wall Street and they do not accept credit. Try to go into an Indian casino and ask for $400 in chips while laying down $10. <br /><br />Wall Street knows that the elected federal officials will buy their bad investments. This bill could be very efficient and to the point...no more bailouts, period.Thad Wassonhttps://www.blogger.com/profile/00633228072878507747noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-20634141991873196732010-05-10T12:09:54.759-06:002010-05-10T12:09:54.759-06:00Rod, let's see: subprime mortgages, predatory ...Rod, let's see: subprime mortgages, predatory lending, derivatives, monkey business at Goldman Sachs, general economic collapse... and you're talking in metaphors about surgery and sledge hammers?<br /><br />Reforming the banking system (and the health care system) is no small matter. But whatever the broader systemic issues, are we agreeing with the Washington Times (and my original point) that derivatives need regulation?caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-15117678032079153592010-05-10T12:05:36.154-06:002010-05-10T12:05:36.154-06:00Cory, why is it when a few items need to be surgic...Cory, why is it when a few items need to be surgically removed or changed, these bills like healthcare and banking try to overhaul the entire system? That has never made sense to me. If the goal is to improve what we have, congress has the power to regulate those areas that need closer scrutiny. Big money gambling like derivatives, futures and other financial products require someone to lose big in order for someone else to win big. If they need to be reined in, why not simply make those products illegal or tweak them? It does seem like a sledge hammer is being used on so many issues rather than a surgical knife (no reference to Blake Curd). Sweeping change is not what people expected. Few were looking for the boat to turn 180-degrees, but most wanted a course correction.GoldManhttps://www.blogger.com/profile/09478566547133172418noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-88732979298040194372010-05-10T11:35:58.993-06:002010-05-10T11:35:58.993-06:00Ah, yes, trying to win by reductio ad truism.
Ev...Ah, yes, trying to win by reductio ad truism. <br /><br />Even if all I had was a hammer (and I have and advocate many more tools), that would not change the fact that nails are nails.caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-11345102436499654162010-05-10T11:16:42.995-06:002010-05-10T11:16:42.995-06:00When all you have is a hammer everything looks lik...When all you have is a hammer everything looks like a nail.Aaron Heidelbergerhttps://www.blogger.com/profile/00345672388506501247noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-12231715927749017412010-05-10T09:27:54.662-06:002010-05-10T09:27:54.662-06:00Yawn. Stop screaming at me: it was the text John W...Yawn. Stop screaming at me: it was the text John Walker posted from the conservative Washington Times that decried the "unrestricted, unsupervised derivatives markets." <br /><br />I don't consider more regulations the "answer for everything." But when it comes to financial "weapons of mass destruction" (again, conservative Washington Times's language, not mine) well, golly, a rule or two sure seem like a reasonable idea.<br /><br />On your last sentence: the fact that a hammer won't unplug my toilet, start my car, or bake bread does not negate the fact that a hammer will drive a nail. Recalling the SAT: hammer:regulations::nail:derivatives.caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-14831502708045858102010-05-10T09:23:11.786-06:002010-05-10T09:23:11.786-06:00That's your answer for everything, "more ...That's your answer for everything, "more regulations!" Mean while the SEC is watching porn 8 hours a day during the "financial crisis." Oh yeah, those regulators did great job catching Bernie Madoff only after his scheme failed. <br /><br />And if the Federal Reserve just had MORE power to regulate the banks they could of averted the hole thing......yeah right. They didn't enforce the regs that were already on the books. <br /><br />Here is some regulations for ya, Get Government out of the mortage business, the car industry, the banking industry, the health care industry, student loans, ag...... etc. etc. etc.Aaron Heidelbergerhttps://www.blogger.com/profile/00345672388506501247noreply@blogger.com