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| User Info | The Bezzle Finds A Match: JUDGES in forum [Ticker] | ||||
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Genesis Posts: 71421 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1323-T....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-08-12 10:30:02
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Murf Posts: 2811 Incept: 2007-08-28 
the surf Online
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It's simple: ALL money must come out of politics. There must be no financial incentive to "serve" and no way for a vote to be bought. This means, BTW, that campaigns must be taxpayer financed. ---------- The recovery up is losing steam
2009-08-12 10:50:59
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Blackswan Posts: 3601 Incept: 2007-11-06
Ponzi Roller Coaster
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KD - The ticker is shifted to the left side of the screen and the ads overlap the text. Maybe this is just my screen but the other tickers come up fine except for this one. ----------
2009-08-12 10:51:49
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Genesis Posts: 71421 Incept: 2007-06-26
KD^2
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Looks ok on my screen.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-08-12 10:52:39
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Blackswan Posts: 3601 Incept: 2007-11-06
Ponzi Roller Coaster
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Ok. No problem. Strange that it comes up like this. I only pointed it out in case some other readers had this same issue. Finaly some adults are stepping up to stop the bezzle game. ---------- Last modified:
2009-08-12 11:11:14 by blackswan
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Asimov Posts: 26694 Incept: 2007-08-26
east tennessee Online
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Quote:It's simple: ALL money must come out of politics. Nope, no need for taxpayer financing -- no need for campaigns AT ALL. Use the lottery system like jury duty. If you're physically and mentally capable of preforming the tasks required by the office, your name gets put in a hat. A name is drawn out of the hat and whoever is drawn _MUST_ serve. In the example of president, I could see and election on whether or not to keep him for one more term -- nobody running aganist him. If the vote is no, another name is drawn from the hat. I'm much rather see a random selection like this than see the bull**** we call a representitive government, where only the greedy and power hungry make it to the top. I'mm take the chance we get somebody bad in office over the 100% chance it's going to be somebody bad under the current system. Congress members selected by the same system, but only from within the state they will serve. Supreme court will be one exception, but I have no idea what the best way to do that would be. I don't like them being appointed by randomly selected leaders (still better than we have now) but I'm not sure a public vote for them would work either. I've put forward this system for 20 years now. I've yet to find (or have somebody find) a legit flaw. [Edit: This should be a DUTY, not a privlige. Just like jury duty. Many people don't want to serve because it's not a pleasant thing to do. Well, public office should be a duty and not a privilege as well.] ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. Last modified:
2009-08-12 11:05:19 by asimov
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Anti Posts: 1286 Incept: 2007-10-09
Online
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This ruling may cause these schemes to be shut down from the investors side - since the protection used in the sales pitch is not there. Is this why BSC and C stood behind their SPVs? because they didn't want to test in court whether they were actually responsible? I am not clear as to why you say there is no sign that this ruling will ever be applied to banks. ---------- Health is better than health insurance http://gerson.org/ Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
2009-08-12 11:06:21
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Markytom Posts: 217 Incept: 2009-02-19
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Good thing Sarbanes-Oxely was enacted by Congress, millions spent by companies to implement the controls, and then was vigorously enforced by the SEC to put those who violated the new law in jail. Oh wait. Never mind. From Jesse's Cafe Americain: "The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time." Good essay on how the US has become a banana republic (with suggestions on fixing the problem). http://jessescrossroadscafe.blogspot.com.... From this confluence of campaign finance, personal connections, and ideology there flowed, in just the past decade, a river of deregulatory policies that is, in hindsight, astonishing: • insistence on free movement of capital across borders; • the repeal of Depression-era regulations separating commercial and investment banking; • a congressional ban on the regulation of credit-default swaps; • major increases in the amount of leverage allowed to investment banks; • a light (dare I say invisible?) hand at the Securities and Exchange Commission in its regulatory enforcement; • an international agreement to allow banks to measure their own riskiness; • and an intentional failure to update regulations so as to keep up with the tremendous pace of financial innovation. Last modified:
2009-08-12 11:56:31 by markytom
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Murf Posts: 2811 Incept: 2007-08-28
the surf Online
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Asi,  No doubt a lottery would get us better decision making than our current system.
---------- The recovery up is losing steam
2009-08-12 11:34:48
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Hogman Posts: 1877 Incept: 2008-02-18
Derby City, USA Online
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Im not the sharpest pencil in the box and I do have an MBA, but what in the hell is an off balance sheet asset. I asked my congressman the same question and did not get an answer.
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2009-08-12 13:16:47 by hogman
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Horsewithnonick Posts: 12 Incept: 2009-04-03
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Quote:In a decision Tuesday, Judge Allan Gropper of the U.S. Bankruptcy Court in Manhattan ruled against the arguments of loan servicers ING Capital Loan Services LLC and Helios AMC LLC and lender Metropolitan Life Insurance Co. The three had separately argued that the General Growth malls they financed with mortgages are structured as individual "special purpose entities" that shouldn't be included in a broad corporate bankruptcy filing. The creditors are asking that certain properties that they hold mortgages on not be included in the bankruptcy? Would that be to avoid eating the difference between their mark-to-dreamworld valuations and what the properties can actually be liquidated for? Down the rabbit hole, indeed.
2009-08-12 18:17:15
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Genesis Posts: 71421 Incept: 2007-06-26
KD^2
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They hold those specific structured debt and don't want to lose by being "associated" with the rest. Sorry, but no. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-08-12 18:17:59
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Steelhead23 Posts: 387 Incept: 2008-09-09 Portland OR
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Hogman, Off balance sheet assets are arm's-length subsidiaries crooked companies use to hide their losses - they could also serve to allow bankrupt company to hide assets with positive value from the bankruptcy proceeding - and as Karl suggests, they are or should be illegal.
---------- short em all - let God sort em out!
2009-08-12 19:51:30
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Ark Posts: 451 Incept: 2009-07-10
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Asi- In a fit of frustration with these bozo "reps" a few years back, I had a wierd, persistent thought: maybe a monarchy would be better. Once in a blue moon you'd get someone of wisdom.... I like your idea better! No infighting among family members, etc. More egalitarian, etc.
2009-08-12 22:01:26
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Asimov Posts: 26694 Incept: 2007-08-26
east tennessee Online
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Well, it's something I came up with years ago. I called it the "democracy party" at the time. The biggest problem I've come up with is that the secretaries and people who stick around from one admin to the next (and MUST stick around to keep things rolling) will end up holding more power than they should, simply because they tell the new guy "what's going on." One thought to limit this problem was 6 year terms, where the first year is spent being the current president's shadow. Learning at his knee, as it were. The last year is spent teaching the incoming one how to do the job. The most important thing about it is that this is an onerous duty, something the vast majority do NOT want to do. Sure you'll get some power hungry ones from time to time, but our system is set up to limit power anyway. (Well, it may not be followed now, but it's SUPPOSED to.) As nice as the idea is in my opinion, it won't ever happen, the whole system we have now is set up so that it would fight tooth and nail to retain power.... Something that would never happen under my system simply because they can not retain power past their term in office and will have little influence after their term. Sorry to get off topic karl. ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-08-12 22:52:23
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Jivedadson Posts: 14 Incept: 2009-04-03
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It's almost impossible for a third party to get any traction. Tax-payer financed campaigns would make it 100% outright impossible. I for one am disgusted that the Repubs or Demos get a dime from taxes.
2009-08-12 23:15:52
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Hogman Posts: 1877 Incept: 2008-02-18
Derby City, USA Online
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Steel Thank you I was being sarcastic Thanks Bill
2009-08-13 10:39:40
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