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Thread: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by Ethereal View Post
    Why is it good? What specific aspects of the derivatives market do you think need regulation and why?
    How about equity limits? Firms really shouldn't be allowed to take out derivatives in aggregate that exceed their net values or reach a point where insolvency is highly likely.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Usual suspects.

    Why am I not surprised?

    [ame=http://en.wikipedia.org/wiki/Fallacy_of_quoting_out_of_context]Fallacy of quoting out of context - Wikipedia, the free encyclopedia[/ame]

    What are you guys, wannabe creationists?

    Quote Mine Project: Examining 'Evolution Quotes' of Creationists
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by jackalope View Post
    That's kinda different. And if that's the quote, then .... GOOD !
    So then you support corporatism. Good company you keep.

    Fascists are now running the country.

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by laska View Post
    To be fair the entire quote is "We are trying on every front to increase the role of government in the regulatory area" in response to the financial derivative crisis.
    Yeah, and? Regulatory is what we're always talking about. That's what the liberals in govt are best at, regulating every damn thing they can get their hands on. Those last four words add nothing new to the statement. We already know what it refers too. The only regulatation Barney Frank would oppose is one limiting the number of dicks he can suck on in a day.
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    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by obvious Child View Post



    Troll much?



    Anyway. Are you suggesting democrats do not want to increase the role of government?
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    At least Barney is up front about it.... and many more liberals are finally showing their true colors thinking they get cover by Obama. Can we now call a socialist a socialist and stop the label banter?

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by Ethereal View Post
    Why is it good? What specific aspects of the derivatives market do you think need regulation and why?

    All of it, the parts I barely understand, and the parts I don't understand at all.

    The energy derivatives that led to the implosion of Enron.

    The slicing and dicing of mortgage streams so that the buyers and sellers have absolutely no care as to whether the underlying mortgage is good, they only care if they can sell this bucket of xx year revenue streams.

    The insurance being sold on these revenue streams.

    The new derivatives being built around life insurance policies.

    The allowing of leveraging up of 30-to-1 by the big banks on broad street and elsewhere.

    The creation of 'instruments' that regulators can't understand.

    Primary goals, imo should be making it so that risk of underlying securities stays with the makers and the sellers, instruments can be understood by regulators and market people (even Warren Buffet couldn't understand them), and over-leveraging is prohibiited.

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by jackalope View Post
    Primary goals, imo should be making it so that risk of underlying securities stays with the makers and the sellers, instruments can be understood by regulators and market people (even Warren Buffet couldn't understand them), and over-leveraging is prohibited.
    I don't mind financial industries being creative in order to make money. That's what the free enterprise system is all about. But what I do mind is when financial industries take on so much risk and begin to take heavy losses as a result that not only do they take themselves down but they take others with them.

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Quote Originally Posted by Objective Voice View Post
    I don't mind financial industries being creative in order to make money. That's what the free enterprise system is all about. But what I do mind is when financial industries take on so much risk and begin to take heavy losses as a result that not only do they take themselves down but they take others with them.
    That isn't a problem, unless the government steps in and removes the penalty for poor judgement.

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    Re: Frank: "We Are Trying On Every Front To Increase The Role Of Government"

    Barney Frank would have been on the side of those bastard krauts, and well you know how Papa Patton feels about those damn fascists!


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