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01-25-2010, 06:58 PM #1
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01-25-2010, 07:19 PM #2
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01-25-2010, 07:39 PM #3
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Thanked: 363The market has an emotional index, I forget the moniker for it, and this plays a huge part, you must know that the traders and stock companies dont care about the little guys ( anyone not an accredited investor, with liquidity of 250k or more) so because they care about big business solely as means for making money, whenever Obama suggests more regulation it kills the free captial market that drives this country.
Regulations can be good if they help the consumer and protect him, but I see most of the regulations helping big governement these days, although some laws have been very helpful, like the law passed for creditors recently, that one worked.
It seems for everyone one that works 10 bomb or more. oh well when your making omlets u break eggs I guess., better then a president stuck on status quo.
Cheers
David
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01-25-2010, 08:32 PM #4
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Thanked: 155Some regulation is of course necessary since the real world is not perfect. I don't really qualify as one of "the little guys" at least not by your definition, but I don't really think the traders etc are looking out for me either other as in coincides with their own self interest (if they do well by me, they do well by themselves as well). I am even less confident that the government is looking out for me either, rather the oposite in fact as I don't think that any politician ever looks out for anyone other than himself and his only interest is in power. The best I can hope for is that they will just leave me alone.
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01-25-2010, 08:07 PM #5
If you'd bought shares in one of the recently failed British banks, the value of said shares plummeted because of the cavalier attitude of those managing and investing the bank's assets.
You might have been one of 'the other folks' who trusted the bank's management to manage the money prudently. Instead they took outrageous risks, which in any other sphere would be described as gambling.'Living the dream, one nightmare at a time'
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01-25-2010, 08:21 PM #6
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01-25-2010, 09:26 PM #7
Sometimes it's difficult to see where one ends and the other begins. The banks and other financial institutions are certainly entrusted with money belonging to their shareholders. The markets will react according to how these institutions are perceived to be performing, or how they think they may perform in the future.
'Living the dream, one nightmare at a time'