RAMTRONIAN's Cache Inn Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : RAMTRONIAN's Cache Inn

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NightOwl who wrote (14149)	9/19/2008 12:20:01 AM
From: NightOwl	1 Recommendation Read Replies (1) of 14464

Lord A'Mighty... What have you people done? Tell me that the entire leadership of the Executive, Legislative and Independent Regulatory branches of the federal government are not going to come together tomorrow morning and present us with a new super agency which: 1. Will offer to buy any and all the fraudulent mortgage backed hedge contracts heretofore written and manipulated by Wall Street; 2. Will extend the offer to state chartered insurers and their affiliates... but only on the condition that said insurers submit to federal "solvency" regulation; 3. Will grant immunity to any such re-incorporated(?) companies... and their federalized insurance, i.e., entitlements... from both state regulation, guaranty fund assessment, and taxation; and 4. Will appoint Charles Shumer's pet NY Insurance Director as the initial Regulatory Czar of said super agency with authority but no strict, legislatively prescribed, requirements to prevent the abuse of all that's holy by: (a) the private sale of hedging contracts; (b) the private or public sale of re-re-re-repackaged hedge contracts; (c) the private or public sale of contracts whose value cannot be determined by any corporate CEO chosen at random, at high noon, in downtown Harrisburg... Illinois; (d) the continued failure to create a federal risk based capital standard; (e) the exclusive reliance on paid appraisal/rating agencies in the valuation of any capital asset; (f) the failure to honor any obligation to deliver securities sold within 3 calendar days; (g) the maintenance of debt and/or risk ratios higher than 8 times admitted assets; (h) the use of financial accounting standards written by people who put lipstick on pigs for a living; and (i) the leveraging of the known world's insurance premiums to fund the biggest stock optioned, golden parachuted, uselessly advertised and campaign contributions for all Bull Market in history. I guess... if they want to make me rich!!! They can go ahead and try to pull off #1 above if they want. But if they want this sucker to work in the intermediate term they're really going to have to issue that insane ban on all short sales... naked and clothed. And they had better make sure they can extend it beyond the middle of January if they don't want Market Crash v2.009 staring them in the face come June. Anyway... I hope they keep this dog on the hunt for a couple of days. I was planning to get out by inauguration... But heck... Columbus Day will do even better. <Hoo><Hoo><Haa> Besides... if they even look like they want to tack on #'s 2 - 4 above... I am going to need all the cash I can get to fund my new retirement in Argentina! 0\|0

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next