Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: TideGlider who wrote (62318)	4/1/2009 11:58:48 AM
From: MJ	Read Replies (1) of 224748

I do not agree on getting rid of the OTC market. The OTC market came into existence as the NYSE/AMSE requirements decades ago prevented startup companies from being on either exchange. Many of the companies today exist because they got their start in the OTC/Nasdaq market. To close or burn the OTC markets would be a massive destruction of wealth amongst the people of the USA. The bells and whistles that became a part of what the Nobel Prize winner is citing is not the original otc market. Taking a look at these is perhaps justified. Unfortunately the Madoff scandal hurt the Nasdaq/OTC market---well the NYSE and other exchanges no doubt have dishonest people equal to Madoff. Seems to me that everyone is on a witch hunt these days. mj

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