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Peter (Yes, that one)

In article ,
says...

On Mon, 12 Apr 2010 01:15:12 -0400, wrote:

On Mon, 12 Apr 2010 00:24:37 -0400, bpuharic wrote:

i suggest you learn some history instead of relying on limballs to do
your homework for you

This is history

"The Administration strongly supports the version of H.R. 4541,

gramm's addendum to the bill was introduced on 12/15...in the
senate..and it stripped the SEC of the power to regulate
derivatives...the very derivatives that would blow up the economy in
2007

the house doesn't vote in the senate. you dont even know there are 2
chambers of congress...

It is important that this legislation be enacted this year because of
the meaningful steps it would take in helping to: promote innovation;
enhance the transparency and efficiency of derivative markets;

and gramm made sure that didn't happen

maintain the competitiveness of U.S. businesses and markets; and,
potentially, reduce systemic risk. H.R. 4541 would accomplish these
goals while assuring adequate customer protection for small investors
and protecting the integrity of the underlying securities and futures
markets. A failure to modernize the Nation's framework for OTC
derivatives during this legislative session would deprive American
markets and businesses of these important benefits and could result in
the movement of these markets to overseas locations with more updated
regulatory regimes. The Administration looks forward to working with
members of Congress to improve certain aspects of the bill as it
continues through the legislative process."

William J Clinton October 19,2000

guess you dont own a calendar

december comes AFTER october

Not sure which is more amusing.
Mr. BP denying that Clinton and the Democrats were whores to Wall
Street, or Mr. Gfretwell blaming the country's economic woes on Clinton.
And Mr. BP bemoans his 401k losses, while not seeing the need to keep
401k's inflated was what drove both Democrats and Republicans to whore
for Wall Street.
There is a great conflict there.
Perhaps a discussion about jobs and production, which are the engine of
the economy, would be more useful.
But that would take some thought beyond simple name-calling and endless
cites of Congressional votes.
Each time I sell a pair of shoes, I ponder the question of jobs.
Sure, I make a sale and do my part. But quite frankly I consider the
production chain and the jobs in the chain.
Selling a pair of Asian-made shoes might get me a sale, but I wonder
about sales lost due to those shoe-making jobs not being local.
I've notice quite a drop in sales recently, and find more and more
customers not wanting to keep their old shoes, because they are worn
more than ever before.
A rough estimate is that 30-50% of my customers discard the shoes they
are wearing when they leave my shop wearing new shoes, because the old
shoes have become unserviceable.
It used to be about 10%.
Troubling.

Peter