• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Are There Any Fine Minds Left Outthere?

C

cedardell

Well-known member
Joined
Feb 14, 2005
Messages
309
Two weeks ago one of the editors for DTN, Marcia Langly, made the guote"No one should trade the options market without reading Micheal Lewis book, titled "The Big Short."" Well I did. It blew my mind as to how a handful of inside traders could manufacture an options market on mortgage credit default swaps and then set it up to short it, thus costing the taxpayers 40 trillion dollars in bad dept. As I turned all the events over in my mind I have to ask you this question. How is this any different than what packers have been doing to cattlemen for the last twenty years?" In PickettvsIBP he proved that. So our govt.'s failure to react to that situation has caused it to assume an insurmountable dept. that will ruin our country? I have pondered over this for a while and all I can come up with is that US citizens need to sue Barney Frank for 40 trillion dollars. Anybody out there got a better idea?
 
You guys are being too tough on Frank and Dodd. They just wrote a new regulatory reform bill which was in reaction to the crisis. I'm sure if you check, it solves all the problems that they created in the past.







In 1847 the London Communist League (Marx and Engels, pictured left) used Hegel's theory of the dialectic to back up their economic theory of communism. Now, in the 21st century, Hegelian-Marxist thinking affects our entire social and political structure.


The Hegelian dialectic is the framework for guiding our thoughts and actions into conflicts that lead us to a predetermined solution. If we do not understand how the Hegelian dialectic shapes our perceptions of the world, then we do not know how we are helping to implement the vision for the future.

http://nord.twu.net/acl/dialectic.html
Click to expand...
 
Germany, Spain, France, and Great Britain have outlawed "Naked Shorts". I haven't found anything in our financial reform bill that did that. Like "GIPSA" all the reform bill did was to set up a commission to study the situation. I guess we all know how that works. I vote we hang em buy the balls till they pay back the 40 trillion. Now, not after they've studied the situation. France actually put a Central Bank trader in prison for three years and fined him 6.7 billion dollars. This guy didn't even keep any money. I guess he was just long on the trades with their bank's money.
 

Latest posts

Back
Top