Gas getting higher.
 

It's corporations uber alles, nothing less. Wayne wants us to think
corporations don't talk to each other because there are virtually
unenforced regulations against doing so. He obviously spent his
working life working for a large corporation and is rationalizing it.


Wayne seems to have done quite well for himself. You don't begrudge him
his wealth, do you?

Gas getting higher.
 

On Mon, 28 Feb 2011 16:54:15 -0500, Harryk
wrote:

On 2/28/11 3:35 PM, wrote:
On Mon, 28 Feb 2011 15:16:04 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 11:12:34 -0800, wrote:

On Mon, 28 Feb 2011 05:44:56 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 21:24:46 -0800, wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

I am a large stakeholder in my own corporation, and it's run very
efficiently. But it's not in the oil industry where competitors work
in collusion. I have competitors in what's called a free market.

Any time oil/gas prices go up, it becomes very popular to think that
there is some vast conspiracy behind it. Who's fault is it when
prices go the other way as they sometimes do? There are vast numbers
of middle men involved in the production, distribution, refining and
transportation of oil. If they think prices are going up in the near
future because of a posible shortage, they do the same thing that you
and I would do, and try to buy more right now. The only collusion
involved is supply and demand.

Actually, it's pretty obvious there is a conspiracy. It isn't about
fixing prices though. It's about corps not giving a crap about this
country or its people. They attempt to rig the electoral process and
usually succeed.

You and Harry are too much with this corporate conspiracy nonsense.
Perhaps you can both go to Venezuela and help Chavez nationalize their
remaining industries.

So you believe that corps have the best interest of the US in mind? I
thought they had the best interest of their shareholders and CEOs in
mind first.

Nobody is talking about nationalizing companies, but you'd rather
deflect any discussion about reasonable regulation.


It's corporations uber alles, nothing less. Wayne wants us to think
corporations don't talk to each other because there are virtually
unenforced regulations against doing so. He obviously spent his working
life working for a large corporation and is rationalizing it.


I honestly don't know why I continue to give you investment advice and
an education in basic economics. Obviously none of it fits in with
your preconceived view of how the world should work, so why bother.

It turns out however that corporations don't really need to collude
(talk to each other secretly) because they, and we, all share in the
same basic information. Most corporations, virtually all of the
successful ones, have a lot of smart people working for them who know
how to act on that information and position their strategy. There is
nothing illegal or unethical about that. Stockholders (us), and the
board of directors (our elected representatives), expect nothing less.

Here's an example: Civil unrest breaks out in a major oil producing
country, in this case Libya. A major European country, which you may
have heard of, Italy, gets most of their oil from Libya. Italians
like to heat their homes in cold weather, and drive their cars just
about all the time, so the thought of losing their oil supply is
somewhat distressing. What do they do to ensure an uninterrupted
supply? Simple, you go to the spot market where unallocated oil is
auctioned, usually by the tanker load. Anyone can bid, no collusion
required. How many tanker loads would you like, and when would you
like it delivered? At the same time that the Italians are ensuring
their future supply, refineries in Texas and Louisiana are booking
their upcoming shipments, but suddenly they are being outbid every now
and then. No responsible refinery operator wants to run out of crude
so they bid a bit higher for the next couple of loads. Meanwhile the
refinery accountants are trying to figure out what they have to charge
in order to cover their costs and make a modest profit to cover
investments in equipment, etc. As soon as they hear that they are
going to be paying more for crude next week, prices for the product
(gasoline and others) are increased. So that's collusion, pretty
much the same thing you'd do with your lemonade stand if the price of
lemons was going up.

Gas getting higher.
 

On Feb 28, 8:09*pm, Wayne.B wrote:
On Mon, 28 Feb 2011 16:54:15 -0500, Harryk
wrote:



On 2/28/11 3:35 PM, wrote:
On Mon, 28 Feb 2011 15:16:04 -0500, Wayne.B
*wrote:

On Mon, 28 Feb 2011 11:12:34 -0800, wrote:

On Mon, 28 Feb 2011 05:44:56 -0500, Wayne.B
*wrote:

On Sun, 27 Feb 2011 21:24:46 -0800, *wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
*wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, *wrote:

Corporations are beholden to their stockholders, not the customer.

Gas getting higher.
 

On Mon, 28 Feb 2011 21:09:28 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 16:54:15 -0500, Harryk
wrote:

On 2/28/11 3:35 PM, wrote:
On Mon, 28 Feb 2011 15:16:04 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 11:12:34 -0800, wrote:

On Mon, 28 Feb 2011 05:44:56 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 21:24:46 -0800, wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

I am a large stakeholder in my own corporation, and it's run very
efficiently. But it's not in the oil industry where competitors work
in collusion. I have competitors in what's called a free market.

Any time oil/gas prices go up, it becomes very popular to think that
there is some vast conspiracy behind it. Who's fault is it when
prices go the other way as they sometimes do? There are vast numbers
of middle men involved in the production, distribution, refining and
transportation of oil. If they think prices are going up in the near
future because of a posible shortage, they do the same thing that you
and I would do, and try to buy more right now. The only collusion
involved is supply and demand.

Actually, it's pretty obvious there is a conspiracy. It isn't about
fixing prices though. It's about corps not giving a crap about this
country or its people. They attempt to rig the electoral process and
usually succeed.

You and Harry are too much with this corporate conspiracy nonsense.
Perhaps you can both go to Venezuela and help Chavez nationalize their
remaining industries.

So you believe that corps have the best interest of the US in mind? I
thought they had the best interest of their shareholders and CEOs in
mind first.

Nobody is talking about nationalizing companies, but you'd rather
deflect any discussion about reasonable regulation.


It's corporations uber alles, nothing less. Wayne wants us to think
corporations don't talk to each other because there are virtually
unenforced regulations against doing so. He obviously spent his working
life working for a large corporation and is rationalizing it.


I honestly don't know why I continue to give you investment advice and
an education in basic economics. Obviously none of it fits in with
your preconceived view of how the world should work, so why bother.

It turns out however that corporations don't really need to collude
(talk to each other secretly) because they, and we, all share in the
same basic information. Most corporations, virtually all of the
successful ones, have a lot of smart people working for them who know
how to act on that information and position their strategy. There is
nothing illegal or unethical about that. Stockholders (us), and the
board of directors (our elected representatives), expect nothing less.

Here's an example: Civil unrest breaks out in a major oil producing
country, in this case Libya. A major European country, which you may
have heard of, Italy, gets most of their oil from Libya. Italians
like to heat their homes in cold weather, and drive their cars just
about all the time, so the thought of losing their oil supply is
somewhat distressing. What do they do to ensure an uninterrupted
supply? Simple, you go to the spot market where unallocated oil is
auctioned, usually by the tanker load. Anyone can bid, no collusion
required. How many tanker loads would you like, and when would you
like it delivered? At the same time that the Italians are ensuring
their future supply, refineries in Texas and Louisiana are booking
their upcoming shipments, but suddenly they are being outbid every now
and then. No responsible refinery operator wants to run out of crude
so they bid a bit higher for the next couple of loads. Meanwhile the
refinery accountants are trying to figure out what they have to charge
in order to cover their costs and make a modest profit to cover
investments in equipment, etc. As soon as they hear that they are
going to be paying more for crude next week, prices for the product
(gasoline and others) are increased. So that's collusion, pretty
much the same thing you'd do with your lemonade stand if the price of
lemons was going up.

This must be about piracy, since you're commenting....

Gas getting higher.
 

On Mon, 28 Feb 2011 19:17:59 -0800 (PST), Tim
wrote:

On Feb 28, 8:09*pm, Wayne.B wrote:
On Mon, 28 Feb 2011 16:54:15 -0500, Harryk
wrote:



On 2/28/11 3:35 PM, wrote:
On Mon, 28 Feb 2011 15:16:04 -0500, Wayne.B
*wrote:

On Mon, 28 Feb 2011 11:12:34 -0800, wrote:

On Mon, 28 Feb 2011 05:44:56 -0500, Wayne.B
*wrote:

On Sun, 27 Feb 2011 21:24:46 -0800, *wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
*wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, *wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. *On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? * Become a stockholder. * It's very satisfying to be a
stakeholder in a well run business.

I am a large stakeholder in my own corporation, and it's run very
efficiently. *But it's not in the oil industry where competitors work
in collusion. *I have competitors in what's called a free market.

Any time oil/gas prices go up, it becomes very popular to think that
there is some vast conspiracy behind it. *Who's fault is it when
prices go the other way as they sometimes do? *There are vast numbers
of middle men involved in the production, distribution, refining and
transportation of oil. * If they think prices are going up in the near
future because of a posible shortage, they do the same thing that you
and I would do, and try to buy more right now. *The only collusion
involved is supply and demand.

Actually, it's pretty obvious there is a conspiracy. It isn't about
fixing prices though. It's about corps not giving a crap about this
country or its people. They attempt to rig the electoral process and
usually succeed.

You and Harry are too much with this corporate conspiracy nonsense.
Perhaps you can both go to Venezuela and help Chavez nationalize their
remaining industries.

So you believe that corps have the best interest of the US in mind? I
thought they had the best interest of their shareholders and CEOs in
mind first.

Nobody is talking about nationalizing companies, but you'd rather
deflect any discussion about reasonable regulation.

It's corporations uber alles, nothing less. Wayne wants us to think
corporations don't talk to each other because there are virtually
unenforced regulations against doing so. He obviously spent his working
life working for a large corporation and is rationalizing it.

I honestly don't know why I continue to give you investment advice and
an education in basic economics. * Obviously none of it fits in with
your preconceived view of how the world should work, so why bother.

It turns out however that corporations don't really need to collude
(talk to each other secretly) because they, and we, all share in the
same basic information. *Most corporations, virtually all of the
successful ones, have a lot of smart people working for them who know
how to act on that information and position their strategy. *There is
nothing illegal or unethical about that. *Stockholders (us), and the
board of directors (our elected representatives), expect nothing less.

Here's an example: * Civil unrest breaks out in a major oil producing
country, in this case Libya. * A major European country, which you may
have heard of, Italy, gets most of their oil from Libya. *Italians
like to heat their homes in cold weather, and drive their cars just
about all the time, so the thought of losing their oil supply is
somewhat distressing. *What do they do to ensure an uninterrupted
supply? *Simple, you go to the spot market where unallocated oil is
auctioned, usually by the tanker load. *Anyone can bid, no collusion
required. *How many tanker loads would you like, and when would you
like it delivered? *At the same time that the Italians are ensuring
their future supply, refineries in Texas and Louisiana are booking
their upcoming shipments, but suddenly they are being outbid every now
and then. * No responsible refinery operator wants to run out of crude
so they bid a bit higher for the next couple of loads. * Meanwhile the
refinery accountants are trying to figure out what they have to charge
in order to cover their costs and make a modest profit to cover
investments in equipment, etc. *As soon as they hear that they are
going to be paying more for crude next week, prices for the product
(gasoline and others) are increased. * So that's collusion, pretty
much the same thing you'd do with your lemonade stand if the price of
lemons was going up.

Pretty good explanation, Wayne.

Thanks!

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

Gas getting higher.
 

On Mon, 28 Feb 2011 15:12:42 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 09:03:59 -0800, jps wrote:

Any time oil/gas prices go up, it becomes very popular to think that
there is some vast conspiracy behind it. Who's fault is it when
prices go the other way as they sometimes do? There are vast numbers
of middle men involved in the production, distribution, refining and
transportation of oil. If they think prices are going up in the near
future because of a posible shortage, they do the same thing that you
and I would do, and try to buy more right now. The only collusion
involved is supply and demand.

As was mentioned earlier in this thread, reserves are going up at the
same time price is going up. That's not supply and demand.

Of course it is. The reserves are created by people buying in
advance of actual need in expectation that supplies may be tighter at
a later date and/or prices higher. There is no big tank labeled
reserves. It is the sum total of inventory on hand.

That's a bunch of crap. Those markets are manipulated as are the
stock prices you hold so dear. Let's see how much you like 'em when
they take the next dump.

Gas getting higher.
 

On Mon, 28 Feb 2011 12:04:45 -0500, Harryk
wrote:

On 2/28/11 12:01 PM, jps wrote:
On Mon, 28 Feb 2011 07:52:11 -0500,
wrote:

On 2/28/11 7:45 AM, BAR wrote:
In ,
says...

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

I am a large stakeholder in my own corporation, and it's run very
efficiently. But it's not in the oil industry where competitors work
in collusion. I have competitors in what's called a free market.

Have you reald Welch's book.


Indeed, I've read Welch's The Politician, and also the Bluebook of the
John Birch Society. My mother got them for me as gag gifts while in high
school and after I was graduated. That right-wing lunatic, Koch, is a
prominent Bircher. My mom, a minor Republican functionary in New Haven,
said, "you'll get a laugh out of *this* craziness."

Oh, wait, you probably are referring to a different Welch.

Damn, Bertie the Bircher. Probably worships Pat Buchannan.


We all know that the Commies fluoridate our water in order to diminish
our precious bodily fluids.

Bunch of loons. They were loons in the 60s and they're still loons.

Gas getting higher.
 

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

Gas getting higher.
 

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

Gas getting higher.
 

On Feb 28, 12:15*am, wrote:
On Sun, 27 Feb 2011 21:26:33 -0800, jps wrote:
On Sun, 27 Feb 2011 23:28:03 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 20:01:34 -0800, wrote:

Government should be the service provider of last resort for things
that no one else can do. * Anything else is socialism.

For military, homeland security, police, fire, environmental
regulation, environmental disasters, mentally ill, poor people,
criminals.... All those things too?

You're suggesting that government should supply us with poor, mentally
ill criminals? *Someone else seems to be doing a good job of that
already.

You're deflecting. *You know what she was saying.

Of course he knows... he just doesn't want to embarrass himself any
further, so he made a funny.

You have not a cue how you look on this forum, D'Plume. Wayne and
Fretwell play you like a harp.

Gas getting higher.
 

On Feb 28, 1:12*pm, wrote:
On Mon, 28 Feb 2011 05:44:56 -0500, Wayne.B



wrote:
On Sun, 27 Feb 2011 21:24:46 -0800, jps wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, jps wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. *On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? * Become a stockholder. * It's very satisfying to be a
stakeholder in a well run business. *

I am a large stakeholder in my own corporation, and it's run very
efficiently. *But it's not in the oil industry where competitors work
in collusion. *I have competitors in what's called a free market.

Any time oil/gas prices go up, it becomes very popular to think that
there is some vast conspiracy behind it. *Who's fault is it when
prices go the other way as they sometimes do? *There are vast numbers
of middle men involved in the production, distribution, refining and
transportation of oil. * If they think prices are going up in the near
future because of a posible shortage, they do the same thing that you
and I would do, and try to buy more right now. *The only collusion
involved is supply and demand.

Actually, it's pretty obvious there is a conspiracy.

Ah! So you admit to being a *teabagger*

Gas getting higher.
 

On 3/1/11 1:30 AM, jps wrote:
On Mon, 28 Feb 2011 12:04:45 -0500,
wrote:

On 2/28/11 12:01 PM, jps wrote:
On Mon, 28 Feb 2011 07:52:11 -0500,
wrote:

On 2/28/11 7:45 AM, BAR wrote:
In ,
says...

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

I am a large stakeholder in my own corporation, and it's run very
efficiently. But it's not in the oil industry where competitors work
in collusion. I have competitors in what's called a free market.

Have you reald Welch's book.


Indeed, I've read Welch's The Politician, and also the Bluebook of the
John Birch Society. My mother got them for me as gag gifts while in high
school and after I was graduated. That right-wing lunatic, Koch, is a
prominent Bircher. My mom, a minor Republican functionary in New Haven,
said, "you'll get a laugh out of *this* craziness."

Oh, wait, you probably are referring to a different Welch.

Damn, Bertie the Bircher. Probably worships Pat Buchannan.


We all know that the Commies fluoridate our water in order to diminish
our precious bodily fluids.

Bunch of loons. They were loons in the 60s and they're still loons.


You're probably not old enough to remember the Chad Mitchell Trio, but
this song of theirs is a minor classic:

http://www.youtube.com/watch?v=pG6taS9R1KM

The John Birchers were crazy as loons. The modern GOP'ers/Teahadists are
their inheritors.

Gas getting higher.
 

In article ,
says...

On 3/1/11 1:30 AM, jps wrote:
On Mon, 28 Feb 2011 12:04:45 -0500,
wrote:

On 2/28/11 12:01 PM, jps wrote:
On Mon, 28 Feb 2011 07:52:11 -0500,
wrote:

On 2/28/11 7:45 AM, BAR wrote:
In ,
says...

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

I am a large stakeholder in my own corporation, and it's run very
efficiently. But it's not in the oil industry where competitors work
in collusion. I have competitors in what's called a free market.

Have you reald Welch's book.


Indeed, I've read Welch's The Politician, and also the Bluebook of the
John Birch Society. My mother got them for me as gag gifts while in high
school and after I was graduated. That right-wing lunatic, Koch, is a
prominent Bircher. My mom, a minor Republican functionary in New Haven,
said, "you'll get a laugh out of *this* craziness."

Oh, wait, you probably are referring to a different Welch.

Damn, Bertie the Bircher. Probably worships Pat Buchannan.


We all know that the Commies fluoridate our water in order to diminish
our precious bodily fluids.

Bunch of loons. They were loons in the 60s and they're still loons.


You're probably not old enough to remember the Chad Mitchell Trio, but
this song of theirs is a minor classic:

http://www.youtube.com/watch?v=pG6taS9R1KM

The John Birchers were crazy as loons. The modern GOP'ers/Teahadists are
their inheritors.

As are the democratic Fleabaggers...

Gas getting higher.
 

wrote in message ...

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

///////////////////////////////////

Please explain exactly what "Wall Street" had to do with Enron's
manipulation of energy prices.

Gas getting higher.
 

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Gas getting higher.
 

On Mon, 28 Feb 2011 23:26:39 -0800, wrote:

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

Enron borrowed from large money center banks before their fraud was
suspected and exposed. No crime there, just questionable risk
analysis on the part of the lenders who were mostly relying on audited
financial statements.

Gas getting higher.
 

On 3/1/11 8:22 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 23:26:39 -0800, wrote:

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

Enron borrowed from large money center banks before their fraud was
suspected and exposed. No crime there, just questionable risk
analysis on the part of the lenders who were mostly relying on audited
financial statements.



Large corporations don't order toilet paper without consulting with
their investment bankers, brokers and others in the financial services
industry.

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Wait...you probably are.

Ahh, audited financial statements...as if the big CPA firms weren't part
of the game.

Gas getting higher.
 

On Tue, 01 Mar 2011 08:12:59 -0500, HenryK wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

Gas getting higher.
 

On Mon, 28 Feb 2011 22:29:11 -0800, jps wrote:

As was mentioned earlier in this thread, reserves are going up at the
same time price is going up. That's not supply and demand.

Of course it is. The reserves are created by people buying in
advance of actual need in expectation that supplies may be tighter at
a later date and/or prices higher. There is no big tank labeled
reserves. It is the sum total of inventory on hand.

That's a bunch of crap. Those markets are manipulated as are the
stock prices you hold so dear. Let's see how much you like 'em when
they take the next dump.

Let's see if I understand this. When asset prices are moving in a
direction that is favorable to you, it's because you are a shrewd
investor and money manager. When values move in an unfavorable
direction it is because you are being manipulated?

Thanks, think I've got it now.

Gas getting higher.
 

On Mar 1, 7:41*am, Wayne.B wrote:
On Mon, 28 Feb 2011 22:29:11 -0800, jps wrote:
As was mentioned earlier in this thread, reserves are going up at the
same time price is going up. *That's not supply and demand.

Of course it is. * The reserves are created by people buying in
advance of actual need in expectation that supplies may be tighter at
a later date and/or prices higher. * *There is no big tank labeled
reserves. *It is the sum total of inventory on hand.

That's a bunch of crap. *Those markets are manipulated as are the
stock prices you hold so dear. *Let's see how much you like 'em when
they take the next dump.

Let's see if I understand this. * When asset prices are moving in a
direction that is favorable to you, it's because you are a shrewd
investor and money manager. * When values move in an unfavorable
direction it is because you are being manipulated?

Thanks, think I've got it now.

Wayne, i always thought that if all goes well for you then it was by
your own hand, but if it crumbles it's somebody else's fault.

i think that's how it usually works.

?;^ )

Gas getting higher.
 

On Tue, 01 Mar 2011 08:28:08 -0500, Harryk
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.

Gas getting higher.
 

On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street banks,
brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a CPA
firm "quit" a client over accounting disputes. That means that the CPA
firms are in fear of losing their clients, not that they are doing the
tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with its
big accounting firm. After three months of arguing, the accountants said
they would have to put a fairly derogatory note in the annual statement.
There was a lot of pressure on both sides. The CPAs ended up by
resigning the account. The "new" CPAs were far more compliant.

Gas getting higher.
 

On 3/1/2011 9:41 AM, Harryk wrote:
On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our
economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street
banks, brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a
CPA firm "quit" a client over accounting disputes. That means that the
CPA firms are in fear of losing their clients, not that they are doing
the tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with
its big accounting firm. After three months of arguing, the
accountants said they would have to put a fairly derogatory note in
the annual statement. There was a lot of pressure on both sides. The
CPAs ended up by resigning the account. The "new" CPAs were far more
compliant.

I'm sure any client who would use your services would also need a very
compliant CPA firm.

Gas getting higher.
 

In article , says...

On 3/1/2011 9:41 AM, Harryk wrote:
On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our
economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street
banks, brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a
CPA firm "quit" a client over accounting disputes. That means that the
CPA firms are in fear of losing their clients, not that they are doing
the tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with
its big accounting firm. After three months of arguing, the
accountants said they would have to put a fairly derogatory note in
the annual statement. There was a lot of pressure on both sides. The
CPAs ended up by resigning the account. The "new" CPAs were far more
compliant.

I'm sure any client who would use your services would also need a very
compliant CPA firm.

That is if you actually believe Harry's bull****.

Gas getting higher.
 

I'm sure any client who would use your services would also need a very
compliant CPA firm.
That is if you actually believe Harry's bull****.
Has he ever given you cause to doubt his word? Besides, Paul would vouch
for him.

Gas getting higher.
 

In article , says...

I'm sure any client who would use your services would also need a very
compliant CPA firm.
That is if you actually believe Harry's bull****.
Has he ever given you cause to doubt his word? Besides, Paul would vouch
for him.

He's been caught in so many lies it's just laughable! Oh, and Don's dumb
enough to vouch for him also!

Gas getting higher.
 

On Tue, 01 Mar 2011 08:22:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 23:26:39 -0800, wrote:

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

Enron borrowed from large money center banks before their fraud was
suspected and exposed. No crime there, just questionable risk
analysis on the part of the lenders who were mostly relying on audited
financial statements.

I guess you don't understand the word "connection"?

Gas getting higher.
 

On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, HenryK wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.

Gas getting higher.
 

On 3/1/11 1:11 PM, wrote:
On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.


You know the saying..."big boat, small dick..."

Gas getting higher.
 

On 2/27/2011 10:05 PM, Harryk wrote:
On 2/27/11 10:01 PM, Wayne.B wrote:
On Sun, 27 Feb 2011 18:10:46 -0800, wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

It's also very satisfying to be a stakeholder in a gov't that does
something for people.

Government should be the service provider of last resort for things
that no one else can do. Anything else is socialism.


snerk

Corporatism uber alles.


HK likes government control because he has a chance of getting involved
in the control.

Getting control in a corporation, not going to happen for him.

Gas getting higher.
 

On 3/1/2011 1:13 PM, Harryk wrote:


You know the saying..."big boat, small dick..."
Oh wait. You have a big boat. You were saying?

Gas getting higher.
 

In article ,
says...

On Tue, 1 Mar 2011 00:49:29 -0800 (PST), TopBassDog
wrote:

On Feb 28, 12:15*am, wrote:
On Sun, 27 Feb 2011 21:26:33 -0800, jps wrote:
On Sun, 27 Feb 2011 23:28:03 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 20:01:34 -0800, wrote:

Government should be the service provider of last resort for things
that no one else can do. * Anything else is socialism.

For military, homeland security, police, fire, environmental
regulation, environmental disasters, mentally ill, poor people,
criminals.... All those things too?

You're suggesting that government should supply us with poor, mentally
ill criminals? *Someone else seems to be doing a good job of that
already.

You're deflecting. *You know what she was saying.

Of course he knows... he just doesn't want to embarrass himself any
further, so he made a funny.

You have not a cue how you look on this forum, D'Plume. Wayne and
Fretwell play you like a harp.

If I was just picking low fruit I would point out Plume is a
facilitator of these evil corporations by litigating patents that
allow them monopoly power in the markets.

Why is Avastin 130 bucks a pill when it costs pennies to produce?

Genetech has the patent on it.

OHhhhhh BURN! LOL!

Gas getting higher.
 

On 3/1/11 1:13 PM, Harryk wrote:
On 3/1/11 1:11 PM, wrote:
On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point
Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.


You know the saying..."big boat, small dick..."

While you don't have a big boat, you like to pretend you have a big boat.

Gas getting higher.
 

On Tue, 01 Mar 2011 15:34:43 -0500, HenryK wrote:

On 3/1/2011 1:13 PM, Harryk wrote:


You know the saying..."big boat, small dick..."
Oh wait. You have a big boat. You were saying?

Whoops.

I wonder (but not much) if twin diesels make for a *huge* dick?

And, of course, I am often wondering why Harry and Donnie continue to talk about
dicks and assholes.

Hmmm?

Gas getting higher.
 

On Tue, 01 Mar 2011 16:03:38 -0500, wrote:

On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

I thought it was a Safeway conspiracy ;-)

(a maryland joke)

When it comes to overpricing tomatoes, it damn sure is.

Gas getting higher.
 

On 3/1/11 5:19 PM, John H wrote:
On Tue, 01 Mar 2011 15:34:43 -0500, wrote:

On 3/1/2011 1:13 PM, Harryk wrote:


You know the saying..."big boat, small dick..."
Oh wait. You have a big boat. You were saying?

Whoops.

I wonder (but not much) if twin diesels make for a *huge* dick?

And, of course, I am often wondering why Harry and Donnie continue to talk about
dicks and assholes.

Hmmm?


Actually, Herring, your name itself is a euphemism for "dick and asshole."

"Did you see what that guy did?"

"Yeah, he's a real Herring."

Gas getting higher.
 

On Tue, 01 Mar 2011 15:56:32 -0500, wrote:

On Tue, 1 Mar 2011 00:49:29 -0800 (PST), TopBassDog
wrote:

On Feb 28, 12:15*am, wrote:
On Sun, 27 Feb 2011 21:26:33 -0800, jps wrote:
On Sun, 27 Feb 2011 23:28:03 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 20:01:34 -0800, wrote:

Government should be the service provider of last resort for things
that no one else can do. * Anything else is socialism.

For military, homeland security, police, fire, environmental
regulation, environmental disasters, mentally ill, poor people,
criminals.... All those things too?

You're suggesting that government should supply us with poor, mentally
ill criminals? *Someone else seems to be doing a good job of that
already.

You're deflecting. *You know what she was saying.

Of course he knows... he just doesn't want to embarrass himself any
further, so he made a funny.

You have not a cue how you look on this forum, D'Plume. Wayne and
Fretwell play you like a harp.

If I was just picking low fruit I would point out Plume is a
facilitator of these evil corporations by litigating patents that
allow them monopoly power in the markets.

Except that your nit picking would be out of date. As I've said, I no
longer work for big companies.

Why is Avastin 130 bucks a pill when it costs pennies to produce?

Genetech has the patent on it.

Because there's no way to effectively negotiate a lower price.

Gas getting higher.
 

On Tue, 01 Mar 2011 16:05:39 -0500, wrote:

On Tue, 01 Mar 2011 09:41:40 -0500, Harryk
wrote:

On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street banks,
brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a CPA
firm "quit" a client over accounting disputes. That means that the CPA
firms are in fear of losing their clients, not that they are doing the
tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with its
big accounting firm. After three months of arguing, the accountants said
they would have to put a fairly derogatory note in the annual statement.
There was a lot of pressure on both sides. The CPAs ended up by
resigning the account. The "new" CPAs were far more compliant.

I am watching Madoff out there trying to drag bankers into prison with
him.

Sounds like he's finally doing the right thing.

Gas getting higher.
 

On Tue, 01 Mar 2011 16:00:34 -0500, wrote:

On Tue, 01 Mar 2011 08:28:08 -0500, Harryk
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Wait...you probably are.

Ahh, audited financial statements...as if the big CPA firms weren't part
of the game.


My real question would be why the president is letting them off the
hook (Bush sent Enron people to jail) but the answer is in who gave
the democrats a big chunk of their money in 2008

That's definitely a good question! I doubt that's the whole answer
though.

Gas getting higher.
 

On Mar 1, 12:13*pm, Harryk wrote:
On 3/1/11 1:11 PM, wrote:



On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
*wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, *wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... *I guess you don't remember Enron...
I remember it well. * I also remember that Wall Street is located in
Manhattan. * I worked there for many years and know the location well,
not to mention a few things about the industry. *Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. *It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.

You know the saying..."big boat, small dick..."

i do have a 6' row boat. Wow, I'm in luck!

?;^ )