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.