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Looking out for the wealthiest 2%

On Mon, 19 Apr 2010 18:43:40 -0500, "Peter (Yes, that one)"
wrote:

In article ,
says...

guess you didn't read about his stripping of the SEC of the capability
to regulate derivatives

guess what a major cause of the financial m eltdown was?

I was looking about a bit for information on the current financial
reform bill under consideration amidst the usual partisan bickering, and
came across a couple things that I found interesting.

1. Obama has said he will veto any bill that does not regulate
derivatives.
I'm not sure the current bill does, and some commentary suggest that it
doe not, and strongly criticize it for that reason.
Why is that?
Democrats control that legislation.
It seems that those who are serious about regulation that will prevent
the bilking of America, as recently happened, say that is a necessity.
Are some of the Democrats writing this bill still in the Wall Street
pocket? Will Obama get his way, veto, or cave in?
It will be interesting to see.

right now the GOP is fighting this tooth and nail. 2 GOP senators just
met behind closed doors with 25 members of wall street to lay out a
strategy. one of NH's senators said derivatives must remain
unregulated because, if they aren't, the market would go to singapore.

2. The $50 billion bank financed fund to handle bank failures is the
rallying point for Republican opposition to the bill.
Mitch McConnell harps on that incessantly.
And I happen to agree that fund is a bad idea.
Well, Obama and Dodd both say it can be dropped from the legislation.
But here's the kicker.
That fund was put in at Republican insistence during the bipartisan
negotiations as the the bill was first constructed!
This so reminds me of those customers who insist on wearing a too-small
shoe against my very strong advice, and then blame me for causing them
foot ailments!
It has never been more clear to me that I am in the right business to
understand human nature.
Perhaps it would be a good idea to make at least 3 years of retail shoe
sales a prerequisite for becoming a member of Congress.
I really think things would run more smoothly then.

you're probably right...

Looking out for the wealthiest 2%

On Mon, 19 Apr 2010 18:09:51 -0700, "Bill McKee"
wrote:

"bpuharic" wrote in message
.. .

everything.

guess you didn't read about his stripping of the SEC of the capability
to regulate derivatives

guess what a major cause of the financial m eltdown was?

And they want the derivatives traded on an exchange. That is good. But the
Chris Dodd's sponsored bill says the Chicago Mercantile Exchange and New
York Merchantile Exchange are good for that. Sen. Dodd neglects to mention
his wife is a director of the company that owns the CME, NYME.
http://latimesblogs.latimes.com/mone...medium=twitter

it's hard to tell what dodd believes unless you know what day of the
week it is.

Looking out for the wealthiest 2%

On 4/20/10 6:52 AM, bpuharic wrote:
On Mon, 19 Apr 2010 18:09:51 -0700, "Bill McKee"
wrote:

wrote in message
...

everything.

guess you didn't read about his stripping of the SEC of the capability
to regulate derivatives

guess what a major cause of the financial m eltdown was?

And they want the derivatives traded on an exchange. That is good. But the
Chris Dodd's sponsored bill says the Chicago Mercantile Exchange and New
York Merchantile Exchange are good for that. Sen. Dodd neglects to mention
his wife is a director of the company that owns the CME, NYME.
http://latimesblogs.latimes.com/mone...medium=twitter

it's hard to tell what dodd believes unless you know what day of the
week it is.

The real issue is opposition by the GOP to any sort of real controls
over bank, insurance company, and wall street investment firms. A
tertiary issue is whether "exchanges" should even be owned by private
sector interests. I think not. They've proven themselves to be corrupt
over and over and over. Further, for the most part, our regulatory
agencies haven't ever had the manpower to properly police the exchanges
or their clients, and the big accounting firms don't adequately police
their publicly traded clients, either.

There are too many opportunities for scams in big-time investing, and
too many immoral execs standing in line to take advantage of the
opportunities.

--
The Tea Party's teabaggers are just the Republican base by another name.

Looking out for the wealthiest 2%

On Tue, 20 Apr 2010 06:52:44 -0400, bpuharic wrote:

On Mon, 19 Apr 2010 18:09:51 -0700, "Bill McKee"
wrote:

"bpuharic" wrote in message
. ..

everything.

guess you didn't read about his stripping of the SEC of the capability
to regulate derivatives

guess what a major cause of the financial m eltdown was?

And they want the derivatives traded on an exchange. That is good. But the
Chris Dodd's sponsored bill says the Chicago Mercantile Exchange and New
York Merchantile Exchange are good for that. Sen. Dodd neglects to mention
his wife is a director of the company that owns the CME, NYME.
http://latimesblogs.latimes.com/mone...medium=twitter

it's hard to tell what dodd believes unless you know what day of the
week it is.

He appears to be among the least honest of Senators, who as a group, I
am sad to say, I can put no trust in.
With a few exceptions among them, as a whole they remind me of a time
a group of carnival barkers who were attending a nearby convention
entered my store just before closing one evening.
There were at least a dozen of them.
One of them had scuffed his patent leather shoe, and purchased a black
liquid polish with applicator.
I offered him a soft tissue and suggested he go to the Dollar store
next door and buy a small bottle of mineral oil to remove the scuff,
but he actually took umbrage at this, and said, "Who are you to tell
me how to take care of my shoes?"
I noted during this interchange that he had used liquid polish on his
shoe previously. They looked terrible.
I held my tongue throughout, not wanting a scene in the store.
The entire group sported pompaded hair and strong colognes.
All were spiffily dressed, if a bit loudly on ties, and I was
surprised they wore such decent suits. That I will admit.
I suspect a woman was behind their clothing selection.
I heard enough of their conversation to know they were headed to a
nearby "Gentlemen's Club" which features topless and lap dancing.
The stench from their colognes lingered in the store for 3 days.
Since then when I see Senators in a group, that evening is what comes
to mind.
False people, posturing, milling about, speaking inanities, and
looking for an angle.
The one with the scuffed shoe actually tried to bargain down the $1.39
price of the shoe polish by digging through the rack until he found a
package with a small nick in the label, and claimied it was damaged
goods.
That didn't work with me, as it would be unethical.
The inanities spoken by them are all the worse being that one half of
them are lies, and the other half more lies to justify the first lie.
Very sad really, that this sort of person should represent us in
Congress.
Dodd seems to fit in very well with them.
What is even more sad is this sort of dishonesty seems to be
institutional and difficult to change.
But I do see more transparency into their conduct then ever before.
That is why Dodd had to throw in the towel. Caught lying.
We can only hope that all their scheming is brought to the light of
day.
Though I am no particular fan of the Tea Party, what they are doing
may at least increase the demand for truth in politics.
The only powerful response to lies is truth.
So many of these politicians are weasels sneaking around looking for
something to pilfer, and making them stand up straight and talk
straight with the truth can only be good.
As an example I previously mentioned the contentious $50 billion fund
in the financial reform bill was inserted there Republicans.
That was from a report that stated Dodd and Warner said that.
Yet I don't see the Democrats tossing that allegation back.
Which makes me wonder what the real truth of that is.
Very sad that the truth is so difficult to find, and that I may have
been enlisted into the Liars Club when I posted that.
If so, I apologize.
Okay, enough musing. I'm off to sell some shoes.
And thinking of that, I am happy again, and rarin to go.

Peter

Looking out for the wealthiest 2%

On Apr 20, 8:09*am, Vic Smith wrote:
On Tue, 20 Apr 2010 06:52:44 -0400, bpuharic wrote:
On Mon, 19 Apr 2010 18:09:51 -0700, "Bill McKee"
wrote:

"bpuharic" wrote in message
. ..

everything.

guess you didn't read about his stripping of the SEC of the capability
to regulate derivatives

guess what a major cause of the financial m eltdown was?

And they want the derivatives traded on an exchange. *That is good. *But the
Chris Dodd's sponsored bill says the Chicago Mercantile Exchange and New
York Merchantile Exchange are good for that. *Sen. Dodd neglects to mention
his wife is a director of the company that owns the CME, NYME.
http://latimesblogs.latimes.com/mone...dodds-wife-and....

it's hard to tell what dodd believes unless you know what day of the
week it is.

He appears to be among the least honest of Senators, who as a group, I
am sad to say, I can put no trust in.
With a few exceptions among them, as a whole they remind me of a time
a group of carnival barkers who were attending a nearby convention
entered my store just before closing one evening.
There were at least a dozen of them.
One of them had scuffed his patent leather shoe, and purchased a black
liquid polish with applicator.
I offered him a soft tissue and suggested he go to the Dollar store
next door and buy a small bottle of mineral oil to remove the scuff,
but he actually took umbrage at this, and said, "Who are you to tell
me how to take care of my shoes?"
I noted during this interchange that he had used liquid polish on his
shoe previously. *They looked terrible.
I held my tongue throughout, not wanting a scene in the store.
The entire group sported pompaded hair and strong colognes.
All were spiffily dressed, if a bit loudly on ties, and I was
surprised they *wore such decent suits. *That I will admit.
I suspect a woman was behind their clothing selection.
I heard enough of their conversation to know they were headed to a
nearby "Gentlemen's Club" which features topless and lap dancing.
The stench from their colognes lingered in the store for 3 days.
Since then when I see Senators in a group, that evening is what comes
to mind.
False people, posturing, milling about, speaking inanities, and
looking for an angle.
The one with the scuffed shoe actually tried to bargain down the $1.39
price of the shoe polish by digging through the rack until he found a
package with a small nick in the label, and claimied it was damaged
goods.
That didn't work with me, as it would be unethical.
The inanities spoken by them are all the worse being that one half of
them are lies, and the other half more lies to justify the first lie.
Very sad really, that this sort of person should represent us in
Congress.
Dodd seems to fit in very well with them.
What is even more sad is this sort of dishonesty seems to be
institutional and difficult to change.
But I do see more transparency into their conduct then ever before.
That is why Dodd had to throw in the towel. *Caught lying.
We can only hope that all their scheming is brought to the light of
day.
Though I am no particular fan of the Tea Party, what they are doing
may at least increase the demand for truth in politics.
The only powerful response to lies is truth.
So many of these politicians are weasels sneaking around looking for
something to pilfer, and making them stand up straight and talk
straight with the truth can only be good.
As an example I previously mentioned the contentious $50 billion fund
in the financial reform bill was inserted there *Republicans.
That was from a report that stated Dodd and Warner said that.
Yet I don't see the Democrats tossing that allegation back.
Which makes me wonder what the real truth of that is.
Very sad that the truth is so difficult to find, and that I may have
been enlisted into the Liars Club when I posted that.
If so, I apologize.
Okay, enough musing. *I'm off to sell some shoes.
And thinking of that, I am happy again, and rarin to go.

Peter- Hide quoted text -

- Show quoted text -

Great to see you back, Vic. I was just thinking about you. The wife
and I were in Edwardsville last week.

Looking out for the wealthiest 2%

On Tue, 20 Apr 2010 06:27:17 -0700 (PDT), Tim
wrote:

Great to see you back, Vic. I was just thinking about you. The wife
and I were in Edwardsville last week.

I drop in here now and then.
Looks like nothing has changed much.
Haven't been down there since I last talked to you, but I have your
number and plan to give you a call when I do.
I want to see that pontoon boat.

--Vic.

Looking out for the wealthiest 2%