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now you guys are seeing the light
Mitt Romney 2012
Mitt Romney 2012
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Essential1 wrote:
He is... The election of Brown was a blessing for dems and Obama so far... News reports are saying that Geithner and Sommers have lost almost all power in the Obama admin, and he is listening to smart people who know what they are talking about. Obama has picked up the tone and is talking with some fire. And telling people things are non-negotiable which Obama has never done before..
So far losing Ted Kennedy's seat has been nothing but great news...
at least your consistentglad to see youre still at it ...
Originally Posted by LilStarZ07
Essential1 wrote:
He is... The election of Brown was a blessing for dems and Obama so far... News reports are saying that Geithner and Sommers have lost almost all power in the Obama admin, and he is listening to smart people who know what they are talking about. Obama has picked up the tone and is talking with some fire. And telling people things are non-negotiable which Obama has never done before..
So far losing Ted Kennedy's seat has been nothing but great news...
Yes I would have said something, too. The crisis was caused by what?Originally Posted by DaCitySlanga
So if McCain had done this would yall have something to say??
Politics are a double edge sword. You guys have to realize that its only been 12 months since the Obama Administration has moved in.
He is cleaning up 8 years of that dumbfounded confused and driven our nation into a while Bush Administration done.
Cut the man some slack.
100% of the dumb supporters???????????Originally Posted by LilStarZ07
heres a poll for you ... obama got 100% of the "dumb @%! in politics" vote when he got elected ... which is why i dont care about this battle or any other political battle ... because when it comes down to it, the young jeezy supporters will be back in full force in 2012, still not knowing their @%! from their elbow when it comes to politics, casting votes for obama ... they have no clue whats going on in mass or even their own state ...
i just hope to god that our country doesnt get seriously attacked within the next 7 years so i can live to see the day when this spineless vagina is out of the oval office ...
Originally Posted by kicksfiend
JP Morgan's prop trading accounted for 1% of revenue, while GS's accounted for 10% of revenue. Stop reading ZeroHedge, it's disgusting.Originally Posted by reigndrop
No doubt they will if this goes through. And so will MS.Originally Posted by finnns2003
Hmm... I figured Goldman would drop its status to continue trading.
So shouldn't we be targeting derivatives rather than prop desks?Originally Posted by reemz
My two irks with this plan.
1) How will commercials banks be able to hedge positions? Simply loan money and hope for principal and interest to be paid? I think not.
2) If this does go through, which I think it won't, watch spreads on equities skyrocket since several market movers will be gone.
I don't think this will go through, but the timing of this announcement is kinda suspect. It just says Obama is more about pop politics than actual politics.
Exactly. Name me one COMMERCIAL bank (which had "taxpayers money") that had a hedge fund that caused them to fail.... I'll be waiting....Originally Posted by reigndrop
Yes I would have said something, too. The crisis was caused by what?Originally Posted by DaCitySlanga
So if McCain had done this would yall have something to say??
Politics are a double edge sword. You guys have to realize that its only been 12 months since the Obama Administration has moved in.
He is cleaning up 8 years of that dumbfounded confused and driven our nation into a while Bush Administration done.
Cut the man some slack.
1. Exotic Derivatives
2. Reckless Lending
3. Sub-prime Mortgages
4. No credit, even for commercial paper, which funds day to day options
So tell me, how would curtailing Prop Trading change any of the above? Also, why can't the Street invest in HF, VCs, PE funds anymore, or have there own? The only instance where a hedge fund really brought down a firm was in the case of Bear Stearns, and to a much smaller extent, Deutsche Bank. These were BULGE BRACKET banks, though. Not your JPM, or C or BoA. Completely different field.
agreedOriginally Posted by JustScoreda100
I have no problem with the reinstatement of Glass-Steagal. I think repealing it was one of the major reasons for the economic down turn. The only thing that bothers me is that Obama may take power from the treasury and give it to the Federal Reserve.
Glass Steagal didn't cause the downturn. All it did was make it so that there would be more lose if one firm went down i.e. TBTF.Originally Posted by Essential1
agreedOriginally Posted by JustScoreda100
I have no problem with the reinstatement of Glass-Steagal. I think repealing it was one of the major reasons for the economic down turn. The only thing that bothers me is that Obama may take power from the treasury and give it to the Federal Reserve.
Says the guy who reverts to namecalling instead of adding educated arguments. Sounds like you know your stuffOriginally Posted by LilStarZ07
heres a poll for you ... obama got 100% of the "dumb @%! in politics" vote when he got elected ... which is why i dont care about this battle or any other political battle ... because when it comes down to it, the young jeezy supporters will be back in full force in 2012, still not knowing their @%! from their elbow when it comes to politics, casting votes for obama ... they have no clue whats going on in mass or even their own state ...
i just hope to god that our country doesnt get seriously attacked within the next 7 years so i can live to see the day when this spineless vagina is out of the oval office ...
I know you're being somewhat sarcastic about blaming Obama for your shares dropping, but speaking in general, our Presidents priorities shouldn't lie in being sure the economy is stable for the middle to upper class citizens who have stable positions.Originally Posted by LetItShine24
Yeah and it dropped another 200 points today. So whats there to calm down aboutOriginally Posted by finnns2003
Down 1.79% right now, calm down.Originally Posted by LetItShine24
market dropped 200 points today, thanks mr obama, there goes my apple shares
Till this day, I do not know why Cheney was chosen over RomneyOriginally Posted by BostonThreeParty
now you guys are seeing the light
Mitt Romney 2012
Too liberal...Originally Posted by ThrowedInDaGame
Till this day, I do not know why Cheney was chosen over RomneyOriginally Posted by BostonThreeParty
now you guys are seeing the light
Mitt Romney 2012
Harvard JD/MBA dual degree?
CEO of Bain & Company
Founded Bain Capital (PE shop)
I'm pretty sure this guy was better equipped to handle financial crisis in America during the Election period then Cheney
blah blah blah. You probably didnt even vote. If that is the case then you have no reason to complain.Originally Posted by swizzc
Exactly. Name me one COMMERCIAL bank (which had "taxpayers money") that had a hedge fund that caused them to fail.... I'll be waiting....Originally Posted by reigndrop
Yes I would have said something, too. The crisis was caused by what?Originally Posted by DaCitySlanga
So if McCain had done this would yall have something to say??
Politics are a double edge sword. You guys have to realize that its only been 12 months since the Obama Administration has moved in.
He is cleaning up 8 years of that dumbfounded confused and driven our nation into a while Bush Administration done.
Cut the man some slack.
1. Exotic Derivatives
2. Reckless Lending
3. Sub-prime Mortgages
4. No credit, even for commercial paper, which funds day to day options
So tell me, how would curtailing Prop Trading change any of the above? Also, why can't the Street invest in HF, VCs, PE funds anymore, or have there own? The only instance where a hedge fund really brought down a firm was in the case of Bear Stearns, and to a much smaller extent, Deutsche Bank. These were BULGE BRACKET banks, though. Not your JPM, or C or BoA. Completely different field.
These NT obama stans don't even know what prop trading is... just blindly following like sheep.