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To: Kirk © who wrote (29704)3/10/2012 11:06:46 AM
From: Sam1 Recommendation  Respond to of 224075
 
Banks, futures markets, whatever... if they get access to cash from customers who expect to get it back without risk should not be allowed to trade, PERIOD.

Simple and obvious. This should also be obvious to the geniuses who divide mortgages up into separate tranches with different risk profiles. Unhappily, they are blinded by self-interest and the lure of annual bonuses based on short term profits. And that is the problem in a nutshell of the unregulated or self-regulated private sector. Which isn't to say that govt people can't be blinded by self-interest as well. It is to say that we need both the private sector and government regulators, and we especially need an electorate who sees that we need both and will elect people who understand that. Not people who get only one side or the other.



To: Kirk © who wrote (29704)3/10/2012 1:13:26 PM
From: robert b furman1 Recommendation  Read Replies (2) | Respond to of 224075
 
Exactmundo !!

Kirk for SEC Secretary.

I completely agree on every point.

I'm wondering if we are not completing a running flat?

If so it should work over 1378-80 and then go sideways until we have earnings.

Then my friend I hope we get to tell chief he was right about the epicenter of wave 3.<smile>

Bob

P.S. If you could get your buddy Laksham to call off his ECRI recession call that might also do it!