Neither the Dems nor the GOP care about avoiding another Wall St meltdown

bendog

Diamond Member
Mar 4, 2013
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Dog House in back yard
http://www.nytimes.com/2015/04/28/opinion/the-trader-as-scapegoat.html?ref=opinion&_r=0
Obama offers us a farcical show trial, that is not worthy of even China's prosecution of corruption, which at least has a deterrent effect of showing a deadly consequence when corruption is actually uncovered.

The gop, not even that.

"If regulators and prosecutors are serious about enforcement of securities laws, they should focus on the largest players in the fragmented markets for stocks and not on an individual, acting alone, who managed to fool an algorithm"
 
http://www.nytimes.com/2015/04/28/opinion/the-trader-as-scapegoat.html?ref=opinion&_r=0
Obama offers us a farcical show trial, that is not worthy of even China's prosecution of corruption, which at least has a deterrent effect of showing a deadly consequence when corruption is actually uncovered.

The gop, not even that.

"If regulators and prosecutors are serious about enforcement of securities laws, they should focus on the largest players in the fragmented markets for stocks and not on an individual, acting alone, who managed to fool an algorithm"


You folks just won't "get it" - will you?

Get ready......you ain't seen nothing yet.
 
Neither party has our best interest at heart and the more the electorate wakes up to this fact the better.
 
Neither party has our best interest at heart and the more the electorate wakes up to this fact the better.


DING! DING! DING! DING! We have a winner!!!! The only damned thing EITHER party believes in is the color of money - green.
 
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Reactions: mdk
Plutocracy in action.
And we keep on voting in these clowns and their parties because so many people get sucked into believing their bullshit talking points. Our modern day politicians aren't for "the people", they are for the few that can throw Big Money their way.
Can anybody recall any recent legislation that offers something positive for working Americans?
 
Our real masters are all but untouchable. I can understand why bought and paid for politicians protect Wall Street but a huge number of working class republicans do so as well and they are all that really stands in the way of holding the economically powerful accountable for their actions. Republicans refuse to vote for anyone who isn't "business friendly". In our country "business friendly" means they willingly do their bidding and shield them from the consequences of their mistakes.
 
A Constitutional Convention is the ONLY way to circumvent these special interests.
 
http://www.nytimes.com/2015/04/28/opinion/the-trader-as-scapegoat.html?ref=opinion&_r=0
Obama offers us a farcical show trial, that is not worthy of even China's prosecution of corruption, which at least has a deterrent effect of showing a deadly consequence when corruption is actually uncovered.

The gop, not even that.

"If regulators and prosecutors are serious about enforcement of securities laws, they should focus on the largest players in the fragmented markets for stocks and not on an individual, acting alone, who managed to fool an algorithm"
Yep. The government is breaking the occasional finger instead of chopping off the heads. This trader is small time.

The entire culture is corrupted and it is far past time to start holding those in command responsible.

Unfortunately, our Congress is owned by them.
 
http://www.nytimes.com/2015/04/28/opinion/the-trader-as-scapegoat.html?ref=opinion&_r=0
Obama offers us a farcical show trial, that is not worthy of even China's prosecution of corruption, which at least has a deterrent effect of showing a deadly consequence when corruption is actually uncovered.

The gop, not even that.

"If regulators and prosecutors are serious about enforcement of securities laws, they should focus on the largest players in the fragmented markets for stocks and not on an individual, acting alone, who managed to fool an algorithm"
Yep. The government is breaking the occasional finger instead of chopping off the heads. This trader is small time.

The entire culture is corrupted and it is far past time to start holding those in command responsible.

Unfortunately, our Congress is owned by them.
All true. I guess my only mystification is because why the people paying the traders' fees aren't upset. All that the bogus buy and sell orders do is affect the price of whatever equity, bond or consolidated obligation bond the orders are placed on. I realize the 1% own at least 42% of that, and I'd think they'd prefer not betting on a rigged game. And what of the mutual fund managers?

Hillary gives tepid support for opposing this, but how serious she is is highly questionable, imo.
 

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