Replies to post #24033 on Fiends In Stocks

[DeepBlue1]

LOL...John Snow is the only one that's being honest imo. He stated it simply...that the govt needed more authority(ie regulatory power)over what they're calling the completely OPAQUE "shadow market" of hedgefunds and their Credit Default Swap scheme and massive leveraging.

I doubt the Fed/SEC/Treasury would have allowed the over-leveraging to take place if they'd been aware of what was going on. At least I'd like to think they wouldn't have anyway.

But on the other hand, the SEC at least had powers that they just didn't exercise responsibly. Like letting the naked shorting take place rampantly.

I think Cox should be jailed for incompetence and collusion, and the rating agencies' executives should be jailed for graft, collusion and fraud, and the hedgefund execs should be jailed for dreaming this crap up in the first place. LOL



McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!