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Thread: Senate passes sweeping Wall Street reform

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by Deuce View Post
    I claimed that you have a different definition of "control" than I do.
    You are saying what Obama has done to banks and GM is not control?

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    Re: Senate passes sweeping Wall Street reform

    Be kinda great if there was an objective parsing out of exactly was all is in the new legislation, eh? Like who/what it will impact and the projected ramifications. From what we have seen in the last couple of years there were problems that warranted SOME kind of change. But most times when new "sweeping" laws come along there are pluses and minus's to the impact.

    Anybody find a good link be sure to share it.....




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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by Harry Guerrilla View Post
    Betcha money most people don't know that this protects a lot of the banks that got us into some of this mess.
    I'll betcha double that this has more to do with closing tax loopholes than it does with anything else. The, "financial reform", is all about collecting more taxes.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Senate passes sweeping Wall Street reform

    a solid beginning of the oppostion argument to the 1800 page bill (no way holder's read THAT):

    Chris Dodd's Do-Nothing Financial Reform--Mark A. Calabria - NYPOST.com

    by exempting our biggest, cross-state-lines institutions it can be argued that the bill is just more taxpayer backed underwriting of the too-biggest

    the littluns are treated less lovingly

    it seems to promote to oversight positions those who've already failed as reviewers, seems to kinda make em overseers of overseers

    it elimintates the OTS!

    wow!

    nothing about zero down loans, negative amortizations, impossible balloons, absurdly unrealistic adjustables...

    dodd dealt those amendments deadly blows

    NO INCLUSION OF FANNIE AND FRED (there ya go)

    they're FAVORITES!

    fannie and fred are the financial equivalents of the S-E-I-U

    the failed f's are due to cost the taxpayer some 400B in toto

    more bailouts for the biggest of the too-bigs

    obama's like the eu---too timorous to tackle the real trouble
    Last edited by The Prof; 05-23-10 at 12:41 AM.

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    Re: Senate passes sweeping Wall Street reform

    a more consensual criticism

    Derivatives sour Wall St. on Obama - Ben White - POLITICO.com

    derivatives---tho dodd repeatedly declares he'll address em, he doesn't

    actually, it's all about blanche lincoln, whom the white house backs in her runnoff against dollar bill halter in arkansas

    the distressed senator as chair of ag has taken an extremist populist approach, introducing language that will force lenders to exit from the futures trades, the swaps, the options, ie, the most speculative of their practices

    it's the THREAT of this divestment that has wall street all a-jitter (that, and the collapse of the eu and euro, the plummeting jobs numbers, the oil spill, the housing market's bottomless abyss...)

    dodd would like to RETURN to the uber rich their favorite gambling games, but ms lincoln is in the way

    she wants to win

    anyway, dodd is deadlocked until june 6 when arkansas' answer will be announced (as if anyone can't anticipate)

    Blanche Lincoln primary has banking bill in limbo - Carrie Budoff Brown - POLITICO.com

    in sum, the derivatives denial is currently IN the bill which worries woebegone wall street, dodd wants it deleted but he can't so long as blanche still breathes

    but it's more---all that cancerous UNCERTAINTY, ubiquitous under obama

    that, and "the bad faith renegotiation of a previously agreed upon deal"

    investors are incensed

    POLITICS informs the entire process, a "lack of rationality"

    it is what it is

    the president is a putz, the most incompetent administrator america has ever endured

    worry

    wall street sure will
    Last edited by The Prof; 05-23-10 at 12:42 AM.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by The Prof View Post
    a solid beginning of the oppostion argument to the 1800 page bill (no way holder's read THAT):

    Chris Dodd's Do-Nothing Financial Reform--Mark A. Calabria - NYPOST.com

    by exempting our biggest, cross-state-lines institutions it can be argued that the bill is just more taxpayer backed underwriting of the too-biggest

    the littluns are treated less lovingly

    it seems to promote to oversight positions those who've already failed as reviewers, seems to kinda make em overseers of overseers

    it elimintates the OTS!

    wow!

    nothing about zero down loans, negative amortizations, impossible balloons, absurdly unrealistic adjustables...

    dodd dealt those amendments deadly blows

    NO INCLUSION OF FANNIE AND FRED (there ya go)

    they're FAVORITES!

    fannie and fred are the financial equivalents of the S-E-I-U

    the failed f's are due to cost the taxpayer some 400B in toto

    more bailouts for the biggest of the too-bigs

    obama's like the eu---too timorous to tackle the real trouble
    Details are important. But if there is no mention/address of Fannie or Freddie in a "sweeping financial reform bill" from Dodd and Barney, that would seem to be a red flag.

    (call me a cynic....)



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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by j-mac View Post
    So we need government to micro manage the banks?
    While I realize you are essentially financially ignorant, your post makes abnormally less sense then normal.

    A transparent market for derivatives is no more government micromanaging then the Chicago Board Commodities Exchange. Or the NYSE for that matter.

    Furthermore, keeping track of assets to liabilities does not involve managing at all. It merely deals with data collection.

    Please refrain from discussing topics you are wholly ignorant of.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by ptif219 View Post
    When Obama fires CEO'S and tells them what can be paid and takes over car companies that is control. This Bill continues to allow that
    Wow. I didn't know you were trying to take the Ignorant King's throne.

    First of all, TARP related pay caps are a good thing as it creates incentive NOT TO TAKE GOVERNMENT MONEY IN THE FIRST PLACE. Frankly, IMO, if you ran your company into the ground, you should not even be paid. That said, taking over car companies does not equate to having some say on the board.

    I guess you think the government is telling GM and Chrysler what models to make, what lines speeds they can run, what parts they can use, so and so forth.

    It amuses me how people who ignorantly defended Bush now ignorantly attack Obama.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by Deuce View Post
    I claimed that you have a different definition of "control" than I do.
    Remember, anything ptif219 believes is true to him. Owning preferred stocks = managerial control.

    LOL. There's a reason i'm not a Republican. I refuse to associate myself with the crazy lot of that party.

    You are saying what Obama has done to banks and GM is not control?
    Yes.
    Did GM and the Banks get told how to run their procedures? No.
    Did GM and the Banks get told who they can and can't sell to? No.
    Did GM and the Banks get their corporate structure redone by the government? No.

    Tell me, does preferred stock give you voting rights? Let's see just how little you understand of the subject.
    Last edited by obvious Child; 05-23-10 at 02:07 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by obvious Child View Post
    First of all, TARP related pay caps are a good thing as it creates incentive NOT TO TAKE GOVERNMENT MONEY IN THE FIRST PLACE.
    This is true as applied to many of the recipients, but doesn't really work for those firms that were ordered to accept TARP money.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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