every game needs regulation

7.5: pol/finance reform/book out of china:

. some euro banker for china is saying

the finance field needs morals ?

duh:

. if you want to give a no-equity guy a home loan,

you need to guarantee his job, not his loan!

you really need a communism .

. for bankers,

people cared about their product because

a lethal bulk of our nations jobs depend on short-cycling loans .

. I can see why banks should stay privatized,

but why aren't they writing books crying for regulation? .

. no regulation is like a sport with no doping rules:

how much dope can you take before your liver gets wacked? yo:

how much margin can you spare and still win that lottery ?? .

10.20: co.apt/pol/financial deregulators deserve being leached:

responding to radio news:

. the banks high salaries show they are not humbled by handouts?

we were the greedy ones

being the deregulators who turned their market into a shark tank:

pulling out real regs with teeth .

. how to compete with high-risk loaners

other than to find higher risks

and off-load wherever laws allowed?!

co.apt/pol/moron deregulation/rap:

. the news about being warned about opaque derivatives

was reminding me of 9/11:

talking big bucks to take big risks

(we'd lose big with airlines jacking up security),

and the rich

who put congress through election campaigns

get all their income from stocks

which were going through the roof fueled by the

big bets on those derivatives .

. notice obama got in after congress took

the big money gamble

of telling the big voting block seniors

that they couldn't buy from canada

due to safety issues

when they were obviously funded by

those living off owning big pharma stocks .