posted
evidence for the "engineering" of the crash?
In 1938, the SEC adopted the uptick rule, more formally known as rule 10a-1, after conducting an inquiry into the effects of concentrated short selling during the market break of 1937. [1] The original rule was implemented by Joseph P. Kennedy, Sr., the first SEC commissioner.[2]
The SEC eliminated the uptick rule on July 6, 2007.[4] The elimination of the rule was preceded by a SEC order, placed on July 28, 2004, to create a one-year pilot temporarily suspending the uptick rule on select securities. The purpose of the suspension was so that the commission could study the effectiveness of the rule. The SEC's Office of Economic Analysis and academic researchers provided the SEC with analysis of the data obtained during a six-month period starting May 2, 2005. The consensus was against the uptick rule, with the commission concluding that the uptick rule "modestly reduce[d] liquidity and do[es] not appear necessary to prevent manipulation."[3]
The rule was originally put in place to avoid the perpetration of a financial crime known as a bear raid. However, short sellers themselves viewed the rule as "largely symbolic" and having little actual effect on short selling.
the DOW hit 14,000 first time 11 days after the rule was removed. it retested the high in October and that "as they say" is ancient history now....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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no govt? so that in NY Guido, "the strong arm" can collect insurance fees instead? and in MS and Alabama Sherriff Hogg can? they return nothing to the community,a nd they always seem to show up in th absence of the Feds.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
"and the only reason we got out of the last depression when we finally did was because of the WW2"
Yes, by virtue of the many trillions of dollars that various governments spent, the U.S. only one of them.
Don't confuse the recovery ot the health of the stock market with either economic viability or the health and viability of the population. Had there not been the mammoth effort to feed and clothe the masses long before WWII, that has come to be known as the "New Deal", there would not have been a healthy and educated population capable of manning (or womaning, as with Rosie the riveter....take that Taliban!) the work benches and building the machinery and clothing and harvesting the food of WWII.
It is only a fool that chooses to believe that a rising stock market is the mark of a healthy and viable economy. Look at Brazil and Mexico and India and on and on to see a list of nations that enjoyed the same rising stock markets through the Second World War and didn't see their populations make significant advances, if any at all, with that supposedly healthy and economy controlling Market.
The United states almost literately threw enormous sums of borrowed money at that war (during and after) and the effect was to turn the U.S. into the greatest power, militarily AND economically, the world has ever seen. This antiquated philosophy that you can cure the markets with lowered taxes and decreased spending has proved itself to be a very cruel lie over and over and has never been known to work.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
It is only a fool that chooses to believe that a rising stock market is the mark of a healthy and viable economy.
and? people say how sad it is that Japan has been stuck in a poor economy for years...
yet the same people claim GM is a failed company because Toyota passed them in sales to become number one.....
the probelm is that we are buying goods from China, and not selling enough back to them, then we are allowing them to manipulate their currency enough so that we can BORROW our own money back from them...
the "deal" we have with China stinks to high heaven... and they are not our ally in way shape or form...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: It is only a fool that chooses to believe that a rising stock market is the mark of a healthy and viable economy.
and? people say how sad it is that Japan has been stuck in a poor economy for years...
yet the same people claim GM is a failed company because Toyota passed them in sales to become number one.....
the probelm is that we are buying goods from China, and not selling enough back to them, then we are allowing them to manipulate their currency enough so that we can BORROW our own money back from them...
the "deal" we have with China stinks to high heaven... and they are not our ally in way shape or form...
Japan's automakers would be failing too, if their government wasn't shoring them up with funds to last through this market. The same is true for heavy industry, particularly auto manufacturing, across the world.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by glassman: [b] the problem is that we are buying goods from China, and not selling enough back to them, then we are allowing them to manipulate their currency enough so that we can BORROW our own money back from them...
Bingo...someone finally has the right answer to the REAL problem with our economy...any simple minded moron could have seen this coming years ago.
I'll repeat what I have been saying here forever...BUY AMERICAN
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
you know buck, i dunno how people get so confused.
it isn't even complicated.. the balance sheets are plain.
every time you bring it up? people have a half dozen excuses, but not one good reason.
it's so hot here already i wanted to turn on the AC to cool the house enough to sleep.
the blower runs in the indoor heat exchanger but the compressor and the outside heat exchanger won't come on.. the relay isn't activating. manual activation of the relay starts it fine, so i don't need a new compressor, i gotta go back and ring out the wires to the relay and then the thermostat... (does that make any sense to you PM? )
i am gald i don't have to hire anybody to replace the compressor anyway fun morning so far...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by bdgee: One reason you are is within your statement:
"...taking money out of the economy and giving it to government..."
You have asked a loaded question, that is, one that assumes an answer, (or, in this case, one that refuses any answer that doesn't assume collection of answers).
Might be you need to reconsider the false assumptions your question demands.
Like the assumption that "the economy" exist independent of the Government and is somehow superior to the government, the assumption that money paid in taxes does not function as part of the economy. And the notion that the money you pay in taxes is given to the government, never to see daylight again.
You don't give money to the government via paying taxes. The government collects taxes in order to pay its expenses incurred in providing its functions and serving the people.
The absurd notion that government is the problem is the problem. Ronald Reagan was a showman, not an economist.
Government is NOT above the economy and frankly it should be none of their concern. And yes money taken from citizens is supposed to be apportioned as well.. can you please show me where any of that apportioning is stated? The asinine notion that government has solved any societal ill is the problem. Clinton/Obama is a puppet... not a leader.
Posts: 2965 | Registered: Aug 2005
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quote:and that was the point to my "rant". when the Conservaties were in charge in the 20's they set up the same crash, and the conservatives (in retrospect) denied culpability just like you do now. that makes you a liar, just like they were.
Whoa! Back up the horses! You've repeated said that there haven't been an conservatives in the White House lately. So, if not even Ronald Reagan was a conservative, then conservatives certainly are not responsible for the mess we have now. In fact, if real conservatives had been in charge, none of this mess would have ever occurred!
Quite the contrary, the socialists (including George Bush) are squarely responsible for the current economic crisis!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:Originally posted by bdgee: One reason you are is within your statement:
"...taking money out of the economy and giving it to government..."
You have asked a loaded question, that is, one that assumes an answer, (or, in this case, one that refuses any answer that doesn't assume collection of answers).
Might be you need to reconsider the false assumptions your question demands.
Like the assumption that "the economy" exist independent of the Government and is somehow superior to the government, the assumption that money paid in taxes does not function as part of the economy. And the notion that the money you pay in taxes is given to the government, never to see daylight again.
You don't give money to the government via paying taxes. The government collects taxes in order to pay its expenses incurred in providing its functions and serving the people.
The absurd notion that government is the problem is the problem. Ronald Reagan was a showman, not an economist.
Government is NOT above the economy and frankly it should be none of their concern. And yes money taken from citizens is supposed to be apportioned as well.. can you please show me where any of that apportioning is stated? The asinine notion that government has solved any societal ill is the problem. Clinton/Obama is a puppet... not a leader.
You are so trapped in right-wing mantra you must think your hero Rapid Ronald was a god.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:and that was the point to my "rant". when the Conservaties were in charge in the 20's they set up the same crash, and the conservatives (in retrospect) denied culpability just like you do now. that makes you a liar, just like they were.
Whoa! Back up the horses! You've repeated said that there haven't been an conservatives in the White House lately. So, if not even Ronald Reagan was a conservative, then conservatives certainly are not responsible for the mess we have now. In fact, if real conservatives had been in charge, none of this mess would have ever occurred!
Quite the contrary, the socialists (including George Bush) are squarely responsible for the current economic crisis!
i have plainly stated the people calling themselves conservatives are the current problem, and that people calling themselves conservatives were the problem in the late 20's......
i plainly stated that Reagan doesn't qualify as a conservative in YOUR definition of conservatism
you? you are not a part of the current problem, because you do not matter.
no matter how much you deny Bush? you and the rest of the people calling themselves conservatives elected him. i voted for him in '00, but i soon realised how much he had misrepresented himself... i didn't votr for him a second time. i posted right here that i had no idea how the GOP could even consider renominating him in '04.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote: You are so trapped in right-wing mantra you must think your hero Rapid Ronald was a god.
Yes I'm secretly a right winger... The fact that I not only think but publicly state I believe our government is responsible for the planning and the carrying out of 911 means.. right winger.. I believe income tax as it is currently is illegal.. Right winger I despise all religions as forms of population control. Right winger
You simply only have one retort for any idea that isn't already cemented in your nucleus as Clinton spewed fact. All you can do is call people right wingers. It never has mattered if the claim fit.. it's just a defense mechanism... a rather archaic one... Much like a squid spurting ink as it squirts away from a more capable foe. You know as well as I that from the day you and that moron Gordo showed up here I have been smacking the crap out of you on every idiotic Clinton approved "Talking Point" you two posted. Sure I take breaks and let the others have a go at you.. At this point it is just plain boring. Your transformation from administration bashing to administration loving was predicted. The funny ****ing thing is the fact that the two administrations are ****ing identical. Policies... Same You have been exposed as a party line loyal hypocrite. You could have avoided this by doing the smart thing like your buddy Gordo... By leaving before the administrations were proven to be the same. But you can't do that.. Your ego won't let you. Really beege.. past Tex who here really likes you? Who? I don't know what has happened to you in the last year, but I can tell you point blank you are not as precise as you once were... Its gotten to the point that you actually offer no challenge. Just simple name calling and cut and paste replies. No matter what you think... I say that cause I care. You can do better
Posts: 2965 | Registered: Aug 2005
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Everything you ever say is either pure copy from Rapid Ronald or some demand that everyone take on as a religion one of your goof-ball conspiracy schemes that colors everyone not devoted to belief in Raganology as evil and devious.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
Pretty sure that post proves beyond doubt your voyage begrudgingly away from cheap rot gut whiskey and head long into psychotropic drugs is complete.
Posts: 2965 | Registered: Aug 2005
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conspiracies are everywhere.... it always surprises me when people disregard the possibility that two people get on the phone and make plans especially now that we have balckberries and the internet.
is it your contention that China is our bested buddy ally?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Can't imagine how you could travel without bringing your 2X life size marble statue of Clinton with you.
Posts: 2965 | Registered: Aug 2005
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posted
I keep that marble statue of Prez Billie Boy out by the bird bath so the pigeons can keep it appropriately decorated.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by bdgee: I keep that marble statue of Prez Billie Boy out by the bird bath so the pigeons can keep it appropriately decorated.
Can only imagine where you keep the one of Clinton Posts: 2965 | Registered: Aug 2005
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quote:Originally posted by bdgee: Rapid Ronald, the intellectual giant that was once president.
you mean Uncle Ronnie?
Yep, thaz 'im, grinnin and tryin to keep folks from figurin out he based all his intellect on payin some cleaver broad dressed in robes to clue him in after reading it in the stars.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by bdgee: I keep that marble statue of Prez Billie Boy out by the bird bath so the pigeons can keep it appropriately decorated.
Can only imagine where you keep the one of Clinton ;)
I jes tol, ya, boy. Air ye deef?
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
Yep, thaz 'im, grinnin and tryin to keep folks from figurin out he based all his intellect on payin some cleaver broad dressed in robes to clue him in after reading it in the stars.
i don't think she wore robes..
i don't think she wore anything when she did the astrological charts for Nancy or Uncle Ronnie...
still, it's hard to hate a guy in a white hat with a great set of dentures like that...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
No, rel, I haven't left the church. Wasn't ever there.
I campaigned hard to stop Billie Boy. Your problem is, as it always has been: you can only see black vs. white (or up and down or positive and negative or, more generally, a purely bipolar configuration....a dichotomy.....and thus, an oversimplification of reality) and you are so emotionally restricted to republican mantra and tactics you assume anyone not similarly afflicted is for whomever you have been taught to hate by the Party.
Doesn't work that way.....sorry.....
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
oh, bdgee, now you we all know you love the clintons. even tho he signed NAFTA just to please his arch-emeny Bush the First, you still made excuses for him
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
You blind twit I have been for quite some time an accomplished artist who has never been in a box such that I would worry about thinking out of one. Your problem is you can't read. You are so beholden to your tired old accusations that their accuracy is not a concern you can comprehend.
Posts: 2965 | Registered: Aug 2005
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quote:Originally posted by glassman: Yep, thaz 'im, grinnin and tryin to keep folks from figurin out he based all his intellect on payin some cleaver broad dressed in robes to clue him in after reading it in the stars.
i don't think she wore robes..
i don't think she wore anything when she did the astrological charts for Nancy or Uncle Ronnie...
still, it's hard to hate a guy in a white hat with a great set of dentures like that...
Where I come from, folks wearing a Stetson and sporting a big grin are the common fare. I never knew the guy to need to like him or dislike him. (Like Will Rogers, I almost never meet a man or woman I don't like.) I did not approve of his willingness to dismiss, demonize, and belittle people on a different political tact and I could not stand his eagerness to slander the intent of people trapped in the lesser social strata of society. I was convinced that that attitude could only lead to problems in our society.....I was right.....from that sort of approach we have Limbaugh, Colter, Hanity, - - -
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by glassman: oh, bdgee, now you we all know you love the clintons. even tho he signed NAFTA just to please his arch-emeny Bush the First, you still made excuses for him
No, it is your republican roots that are speaking there. I don't defend him, but I must object to people professing lies and cheap slanders against anyone, the Clintons included.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by Relentless.: You blind twit I have been for quite some time an accomplished artist who has never been in a box such that I would worry about thinking out of one. Your problem is you can't read. You are so beholden to your tired old accusations that their accuracy is not a concern you can comprehend.
Yes, you have made it clear you imagine you are an independent thinker.
C'est La Vie
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
I could not stand his eagerness to slander the intent of people trapped in the lesser social strata of society.
actually, limbaugh colter and hannity swear to him, but totally misrepresent him in more than a few ways, i doubt seriously that they even understand his set of priciples.
Reagan did in fact beleive in cutting taxes on the poor. i have posted as much.. he did in fact withdraw from Lebanon rather than instigate another needless war... there's plenty of things to like about Reagan...
it's not his fault the ignoramuses take his words and work them into what ever they want. if it wasn't him? it would be someone else...
i have no delusions that he was a "great president" or even a great actor. (LOL) but he was a decent person, and an OK president...
those scum you mention that pretend to take from his philosophy would use nay name that was available f it suited their purposes.
on the downside? he prolly never recovered from the gunshot, and really didn't remember much of anything that happened after that. of course it's hard to remeber what you weren't aware of to begin with...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: oh, bdgee, now you we all know you love the clintons. even tho he signed NAFTA just to please his arch-emeny Bush the First, you still made excuses for him
No, it is your republican roots that are speaking there. I don't defend him, but I must object to people professing lies and cheap slanders against anyone, the Clintons included.
i do my due dilligence, you never disproved any of my assertions just called me slanderer...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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