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...

On Mon, 19 Apr 2010 20:17:38 -0400, wrote:

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

I really think things would run more smoothly then.

Peter



I agree the GOP is shooting themselves in the foot with a machine gun
right now. They had the chance to get out in front of this while
everyone was looking at health care and they screwed the pooch. Now
they either have to back Obama's plan or just look stupid. I said a
few days ago, they seem destined to snatch defeat from the jaws of
victory.
It is clear there will be some regulation coming but I fear the
weasels will find loopholes faster than they can write the bil

unfortunately they always have.

l. If
Obama uses the same logic he used on health care he will have wall
street lobbyists writing the deregulation bill.

except it was the GOP that just met behind closed doors with 25
representatives from wall street. they also discussed how the GOP
needs campaign money

strange coincidence

I also find it amusing that bank whore Dodd is out there acting like
he is the regulator in chief. He has been pimping for banks and
insurance companies for three and a half decades

yep. it is a 'strange' turnaround, isnt it?

On Mon, 19 Apr 2010 19:44:09 -0400, wrote:

On Mon, 19 Apr 2010 18:39:35 -0400, bpuharic wrote:

ROFLMAO!! for 22 of the last 30 years we've had right wing free market
presdients who deregulated wall street with a vengeance.

how'd that work out?


You mean like Clinton?

He is the one that signed most of that deregulation

You did say "presidents" didn't you?

I don't remember president Gramm and he is the one you blame for
everything.

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


Again you said "presidents" who signed that bill?

you mean the 262 page addendum added on 12/15, to an 11,000 page bill
that took a year to build?

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.

On 4/20/10 6:44 AM, bpuharic wrote:
On Mon, 19 Apr 2010 18:18:11 -0600,
wrote:

On 19/04/2010 5:42 PM, wrote:
On Mon, 19 Apr 2010 18:38:05 -0400, wrote:

US dollar is up.

Against the other western economies that are in worse shape than us.
How do you figure the dollar is doing against the yuan or the riyal?
Are you really saying imported oil or chinese goods are getting
cheaper?

From a 7 year perspective, USD has dropped at leat 30% against the CAD.
I know, I made off like a bandit converting most of the USDs to CAD in
early 2004.

bpuharic will never get it. US democrat debt mongering is slowly
flushing the USD into the toilet

uh no.

the canadians regulated their banking system more than the US did.

canuck, a canadian, is ignorant of the economics

of canada.


I long ago lost track of Canuck's nationality because of his convoluted
posts. He's a Canadian who used to work in the United States, but can't
any longer? Is that it? So, he's not a U.S. citizen? So why does he
spend 99% of his time here whining about U.S. policies?


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

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.

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

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.

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.

On 4/20/10 11:52 AM, wrote:
On Tue, 20 Apr 2010 06:43:43 -0400, wrote:

On Mon, 19 Apr 2010 19:42:40 -0400, wrote:

On Mon, 19 Apr 2010 18:38:05 -0400, wrote:

US dollar is up.

Against the other western economies that are in worse shape than us.
How do you figure the dollar is doing against the yuan or the riyal?
Are you really saying imported oil or chinese goods are getting
cheaper?

the reason the yuan isn't getting cheaper is it cant

it's pegged to the dollar.

It isn't really pegged to anything, that is one of our complaints.

I agree we are their biggest market so their prosperity is somewhat
pegged to ours but they also have a much higher tolerance to financial
pain.

At some point, as a nation, we're going to have to closely examine the
"system" we have in "prosperity," since what we have now no longer
really serves the middle class or those trying to claw their way into it.



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