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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (71836)	12/24/2009 5:54:31 AM
From: Gib Bogle	Read Replies (1) \| Respond to of 74559

en.wikipedia.org

To: Maurice Winn who wrote (71836)	12/24/2009 9:39:23 AM
From: shades	Read Replies (1) \| Respond to of 74559

Gib Bogle gave a good link: An economic and financial crisis affected US and world markets in 2008. As it gained momentum, newspapers began reporting on some of its possible causes, including the suppression of Born's recommendations and the adversarial relationship Greenspan, Rubin and Levitt had with Born.[3][7] The disagreement has been described not only as a classic Washington turf war,[5] but also as a war of ideologies as Greenspan and highly placed Clinton administration officials believed that, in large measure, the capital markets could be trusted to regulate themselves.[9] Born declined to publicly comment on the unfolding 2008 crisis until March 2009 when she said: "The market grew so enormously, with so little oversight and regulation, that it made the financial crisis much deeper and more pervasive than it otherwise would have been."[5] She also lamented the influence of Wall Street lobbyists on the process and the refusal of regulators to discuss even modest reforms.[5] An October 2009 Frontline documentary titled "The Warning" described Born's failed efforts to regulate and bring transparency to the secretive derivatives market, and noted the continuing resistance to reform. The program concluded with Born sounding another warning: "I think we will have continuing danger from these markets and that we will have repeats of the financial crisis -- may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience."[9] Sadly I do not agree with Brooksley, human memory is fleeting and even if we learn from our experience, there is little the sheeple can/will do to alter thier world. QCOM was over 55 in AUG 08, Down under 35 by March 09 and doesn't look like it will be over 55 anytime soon - I am sure it had nothing to do with the greater market dynamics and lack of regulation Born warns about. In I were only as rich as you MQ - With a few hundred million in stock pulling back tax advantaged dividends I guess some people don't need to worry about the constant booms and busts the rest of sheepletraders do. LOL!