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To: patron_anejo_por_favor who wrote (148388)9/20/2008 3:47:45 PM
From: JBTFDRead Replies (1) | Respond to of 306849
 
If they're smart, they'll demand oversight in return, but who knows with this bunch of nimrods....

Great idea!! The people should get SOMETHING for $700 billion don't ya think?



To: patron_anejo_por_favor who wrote (148388)9/20/2008 4:24:24 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
i don't know, patron...

you said to another poster that tougher regulation would need to be applied to the money markets....all well and good, but if certain types of 'investments' are off the MM list, what unintended consequences are there as they divest themselves?

i'm afraid the wheels are already coming off, future attempts to re-regulate will of necessity create new 'winners' and new 'losers'

and in the end we know who the biggest loser always will be...the taxpayer...

i watched the phillips interview someone posted here, and when asked about the who's the 'umpire', he gave the correct answer here:

[Well, in a sense, I think some of the umpires are investors. Some are people overseas who wonder what they have to think of the United States. Do they want to keep investing here? Do they want to support the dollar? Do they believe in the government here and know what it's doing?

But Americans, ordinary Americans don't have much of a role in this partly I think because they don't really know the dimensions of what's involved here. This is the denouement of the 25-year debt buildup which was undertaken mostly by the financial sector putting themselves on steroids to get bigger and bigger and bigger. And we've finally gotten to the point where the bubble isn't sustainable anymore but a lot of Wall Street is dedicated to minimizing the spattering of thebubble, so to speak.
]

i disagree with him slightly....instead of 'investors' i would say the WS/BANKERs cabal who are the REAL umpires....and as we have seen in breathtaking technicolor on friday...when the umpires don't like the way the game is going, they tear up the rule book in the middle of the game...and they call it a 'time out'....

well time out, my ass....there are people on the CBOE floor that were wiped out on friday, because paulson (pretending to be the umpire), with the bankers/ws calling the shots from their private, luxury box seats

how many times do you get to do that before (and i'm mixing metaphors here) the players pick their marbles and leave the game?

fool me once shame on you, fool me twice?