Silicon Investor (SI) -- The First Internet Community

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 : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (361963)	4/30/2010 12:19:55 AM
From: Madharry	Respond to of 793890

It wont be so easy. Looks like there are at least one and maybe too criminal probes going on. One through the federal attys in new york and one through doj in washington.

To: Bridge Player who wrote (361963)	4/30/2010 8:48:14 AM
From: skinowski	1 Recommendation Respond to of 793890

GS people may be all rotten apples, or they may not be.... but such obvious show trials should not be part of our political process. Another thing I can't understand is the endless chatter about limiting derivatives. In "real life" I know very few people who are interested in them, and we tend to dislike what we don't understand. Apparently, political circles are not much different. They think that trading derivatives is equivalent to making bets in a casino. People take those positions for many different reasons - chart patterns, skewed sentiment, etc., or maybe they use their expertise to make fundamental judgments. All this activity provides liquidity, and it is a crucial part of price discovery - which is what Capitalism is all about. Most politicians - and commentators - do not understand this very well. What they need to do is abandon their religious belief in bailouts - and learn to control their passion for interventions using other people's money. Let market participants settle their business in an orderly fashion -- using and risking their own money.