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.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Cautious_Optimist who wrote (18611)	9/1/2010 3:12:56 PM
From: Dale Baker	1 Recommendation Respond to of 18998

not wild wild west lazzez faire where externalized costs are paid by ratepayers/taxpayers and resulting unmerited supranormal profits are consumed by inside stakeholders..... The last two times the big financials were deregulated (S&L's in the 80's and repealing Glass-Steagall in the 2000's) the result was gross bubbles that cost everyone huge amounts of money to fix. Pursuing profits at the expense of everyone else in the country is not a viable economic policy. IOW, CDO-squareds that obscure and falsify risk levels so that bankers can make huge profits are a really dumb idea. That's already proven by recent events.

To: Cautious_Optimist who wrote (18611)	9/1/2010 8:43:23 PM
From: Mad2	Respond to of 18998

I think Loeb is timely and insightful in his thinking. I'm from Illinois and last evening I heard our senior Senator Durban lashing out at for profit educational institutions. An example he cited was a woman who got some degree in law enforcement from Westwood College, incurred $87,000 in debit only to find out afterwords that the degree wouldn't help her get a job in law enforcement (I guess I'm supposed to think Westwood stole 87,000 from this unsupecting woman...and Durban is going to prevent that from happening.......Hmmmmm who spends 87 grand without understanding what they are getting......how is govt going to prevent people from doing stupid things?) There were a number of other points made during this segment, however it was clear Durban is taking a page from Huey Long's populist approach to business vs. the "little guy". My view is when politician's sense discontent on the part of the electorate they will create an enemy because it creates the alluson that they (the politician) is needed and doing something of value. I think this is Loeb's point about "unpredictable govt regulation"........think in terms of a wounded or cornered animal. mad2