There are places like Walmart that sell “shitty clothing”. When the car breaks down a year later you don’t blame the seller for selling you a shitty car – you knew what it was when you bought it and the value it sold for reflected that. Selling something that you think is “shitty” doesn’t demonstrate malevolence or malfeasance. There are used-car lots and craigslist sellers who sell “shitty cars”. A “shitty car” could be a great deal if it’s worth more to the buyer than he paid for it. Suppose I buy a car for three hundred bucks or a shirt for five bucks – nobody in this deal is expecting stellar product quality. It often shows just the opposite, in fact. That is a valid specialty. In the case of the “shitty deal”, the Congressman is failing to understand that *prices matter*.
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I am but a naive outsider. I’m not alone. I gather that these are ingenious computer-driven trading schemes in which good money can be earned from bad debt, and Wall Street’s Masters of the Universe pocket untold millions at the same time they bankrupt their investors and their own companies. But I’m learning. I don’t fully understand the working of the “derivatives” and “credit swaps” that we have heard so much about in recent months.
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Y "went into positive territory twice before lunch, and then the bottom of the ground all afternoon.. The Dow Jones sank soon after the opening of the market, but within minutes he began to rally and shot in the dark for a moment before falling.
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Although the Ministry of Justice is reported to consider the case of Goldman, but the Securities and Exchange Commission filed a complaint a day in civil fraud complaint, which does not result in criminal penalties including imprisonment. .
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"With the continued uncertainty as to whether it can prevent clogging of the measure, Democrats have indicated their willingness to the skin or the Republicans to block needed reforms on Wall Street or around the hand with a compromise bill Section A-2 to 3 weeks on full debate ".. . "Rarely in the Senate Democrats lost a vote so quiet.
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. Meanwhile, Obama announced his intention to make a speech in New York on Thursday to remind the public what many in Washington against the danger of allowing Wall Street to operate without supervision.
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DVD anywhere but cheaper www.stockshockmovie.com. .
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. To be sure, Geithner was not one of the geniuses responsible for the explosion near the global financial system. As such, Geithner, reached its share of criticism from critics who say it is still a young Wall Street and more concerned about protecting business interests in the research interests of peoples ".
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Again, like New York, former Federal Reserve chairman, has been at the forefront, while Wall Street lost its collective mind. . As such, Geithner, reached its share of criticism from critics who say it is still a young Wall Street and more concerned about protecting business interests in the research interests of peoples ".
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We need market-based discipline. . "It's time for lawmakers to keep the line and do what is good for investors. Investors need tools to keep your feet .. the fire." Not enough to review the regulatory framework. Reform should not be what it is in the best interest of Wall Street, "said Amy Borrus, deputy director of the Council of Institutional Investors ..
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posted
Jun 17, 2010 by News Gatherer
