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(CNN)   SEC takes a break from its "What, us regulate?" policy to clamp down on the only people still making money in this market   (money.cnn.com) divider line 205
    More: Stupid  
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9359 clicks; posted to Main » on 19 Sep 2008 at 10:31 AM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-09-19 08:10:18 AM
I can only bet that stock prices go up from here.

You can only bet that stock prices go up from here.

It's the law

/we are one step away from the Treasury Department printing enough money to give every citizen a million dollars
//when we are all millionaires, everything will be perfect
 
2008-09-19 08:15:03 AM
Stock markets are really supposed to be for "investing" in companies. There are casinos still available for "betting".
 
2008-09-19 08:18:16 AM
Billion dollar Federal bailouts with taxpayer funds is fine. The US government buying millions of shares in failed public firms is fine. Making everyone long (buy and only profit from price increase) by law is fine with the Republican free market/small government policy.

But it looks like making sure everyone has health care is still socialism.
 
2008-09-19 08:21:06 AM
arkansas: Stock markets are really supposed to be for "investing" in companies.

Well technically that is true. I guess you are right; if the only way to profit in the market is when stocks go up in value, it will prevent people from inflating prices and causing bubbles or unreasonable P/E ratios.
 
2008-09-19 08:24:39 AM
eqtworld: But it looks like making sure everyone has health care is still socialism.

How else will you be able to tell who to look down on in the streets if they aren't scabby and missing teeth?
 
2008-09-19 08:33:56 AM
The fact that taxpayer money is being used to bail out these failures is infuriating to me...

These companies took risks and were more than happy to reap in those profits, but now that the downside of all of that is becoming crystal clear, they expect the Government to bail them out.


Meanwhile small businesses and citizens are lucky if they get some crumbs in the form of "rebates"...

What I'm reading from this is that "Socialism" is acceptable when it's rich folks getting it, but it's the worst thing ever when it's lower and middle income folks getting it... I love that logic.
 
2008-09-19 08:38:30 AM
Once again proving the SEC is the best conference in college football.
 
2008-09-19 08:40:18 AM
what's so bad about trading in the current extreme profit, extreme risk market for something a less profitable but more stable?
 
2008-09-19 08:48:07 AM
didn't the SEC grant a special exception to the big five independent investment banks a couple of years ago regarding their capital to debt ratios or something? and of the five, two are now left (and looking for buyers).
 
2008-09-19 08:56:02 AM
Well thank God - and it worked SO well when he banned naked short selling earlier on Fannie/Freddie Mac & friends.
 
2008-09-19 09:01:03 AM
FlashHarry: didn't the SEC

Yup.
 
2008-09-19 09:01:35 AM
eqtworld: Billion dollar Federal bailouts with taxpayer funds is fine. The US government buying millions of shares in failed public firms is fine. Making everyone long (buy and only profit from price increase) by law is fine with the Republican free market/small government policy.

But it looks like making sure everyone has health care is still socialism.


This. I think the US is now officially more socialist than Canada.
 
2008-09-19 09:01:57 AM
ThatGuyGreg: Well thank God - and it worked SO well when he banned naked short selling earlier on Fannie/Freddie Mac & friends.

well it's certainly helping in the short term. (new window)
 
2008-09-19 09:04:35 AM
What? Someone finally figured out the last refuge?

These people took your money when the market was up, and now they want to take you money while the market is falling. The only thing that hasn't changed is their need to take your money.

Hedge fund managers made almost a billion dollars a year when times were good. They spent most of it on bullshiat, political contributions, and parties for their children. They won't lose.
 
2008-09-19 09:11:19 AM
PoopStain: What? Someone finally figured out the last refuge?

These people took your money when the market was up, and now they want to take you money while the market is falling. The only thing that hasn't changed is their need to take your money.

Hedge fund managers made almost a billion dollars a year when times were good. They spent most of it on bullshiat, political contributions, and parties for their children. They won't lose.


Plus, they starved out smaller investment companies who were keeping their books straight. Effectively the government is supporting only those companies who are the greediest and most deceitful. They political parties should have to return all the contributions made by these companies to the US Treasury.

If Obama did this first, it would be a fantastic PR stunt.
 
2008-09-19 09:14:14 AM
Tomorrow's headline:

img0.fark.netimg1.fark.net SEC announces that stocks can only go up in value for the rest of infinity
 
2008-09-19 09:19:18 AM
doublesecretprobation: well it's certainly helping in the short term. (new window)

It helped FRE in the short term too (^) - before it peaked and wound up lower than when the ban began.
 
2008-09-19 09:19:36 AM
HaywoodJablonski: SEC announces that stocks can only go up in value for the rest of infinity

because the only way a stock can go down is if it's sold short.

yeah, ok.
 
2008-09-19 09:22:37 AM
ThatGuyGreg: before it peaked and wound up lower than when the ban began.

that's why i was careful to say "in the short term". only time will tell.
 
2008-09-19 09:30:58 AM
doublesecretprobation: HaywoodJablonski: SEC announces that stocks can only go up in value for the rest of infinity

because the only way a stock can go down is if it's sold short.

yeah, ok.


Satire is not appreciated by you. My condolences
 
2008-09-19 10:30:47 AM
Short sellers are always getting the blame (new window) for big market crashes. To me, it just looks like they're riding the wave. But whatever.
 
2008-09-19 10:33:25 AM
Robber barons of the 21st century.
 
2008-09-19 10:33:47 AM
We should take away their boats.
 
2008-09-19 10:34:43 AM
Roll Tide!

Oh. That SEC...
 
2008-09-19 10:34:54 AM
Nick Saban and Urban Meyer?
 
2008-09-19 10:35:04 AM
I hate socialism, the republicans are as socialist as the dems, and its wrong.


/It's Wrong!
 
2008-09-19 10:35:30 AM
Horse, barn door, etc.
 
2008-09-19 10:36:03 AM
soakitincider...

wut???
 
2008-09-19 10:36:57 AM
I made a little pile shorting BAC down to $25 and then going long. I'm still long in it. And you could have done the same.
 
2008-09-19 10:38:16 AM
keylock71: The fact that taxpayer money is being used to bail out these failures is infuriating to me...

These companies took risks and were more than happy to reap in those profits, but now that the downside of all of that is becoming crystal clear, they expect the Government me, the middle-class American taxpaying citizen to bail them out.


Meanwhile small businesses and citizens are lucky if they get some crumbs in the form of "rebates"...

What I'm reading from this is that "Socialism" is acceptable when it's rich folks getting it, but it's the worst thing ever when it's lower and middle income folks getting it... I love that logic.


FTFY
 
2008-09-19 10:38:55 AM
the ReBorglicans whine about Regulation and "the government needs to stay out of our lives" until they find themselves in a Jam, then they come running to Uncle Same for a handout. you ReBorglicans are so full of shiat. can anyone of you cretins tell the truth for once?? you know, for your Country?? i've made a rule in my personal life, if you are a ReBorglican, i don't have anything to say to you and you don't have anything to say to me. just stay away from me. i fear osmosis might infect me with your disease.
 
2008-09-19 10:39:05 AM
Real gamblers buy Puts instead of short selling.
 
2008-09-19 10:39:45 AM
the ReBorglicans whine about Regulation and "the government needs to stay out of our lives" until they find themselves in a Jam, then they come running to Uncle Same for a handout. you ReBorglicans are so full of shiat. can anyone of you cretins tell the truth for once?? you know, for your Country?? i've made a rule in my personal life, if you are a ReBorglican, i don't have anything to say to you and you don't have anything to say to me. just stay away from me. i fear osmosis might infect me with your disease.
 
2008-09-19 10:39:48 AM
barjockey: Roll Tide!

Oh. That SEC...


WAR EAGLE
 
2008-09-19 10:40:05 AM
They're clamping down on survival stores?

Picked up some more MRE's yesterday.
 
2008-09-19 10:40:59 AM
I'm not entirely against the bailouts, but it should really be under the condition that the companies are broken up, similar to what was done to Ma Bell*.

The rationale behind these bailouts is that if these specific companies go under, they will take the rest of the economy with them. If a company becomes this influential, it's time to move in with the chainsaw.

* I know, that had nothing to do with bankruptcy.
 
2008-09-19 10:42:21 AM
keylock71: The fact that taxpayer money is being used to bail out these failures is infuriating to me...

These companies took risks and were more than happy to reap in those profits, but now that the downside of all of that is becoming crystal clear, they expect the Government to bail them out.


Meanwhile small businesses and citizens are lucky if they get some crumbs in the form of "rebates"...

What I'm reading from this is that "Socialism" is acceptable when it's rich folks getting it, but it's the worst thing ever when it's lower and middle income folks getting it... I love that logic.


I know, they should just let the entire banking system implode. That'll teach those greedy bankers to take too many risks. And of course it will have absolutely no effect on ordinary hard-working people like you and me.
 
2008-09-19 10:42:45 AM
MmmVomit: If a company becomes this influential, it's time to move in with the chainsaw.

This.
 
2008-09-19 10:43:05 AM
Markets will close in the red today. Or maybe 5% up? My guess is they will get sold off and end nowhere near where they opened. This is public admittance that the whole financial system is in ruins and the temporary pop we saw from short covering will be sold HARD.

Anybody heard the conspiracy theories that what we've been seeing lately is actually a massive naked short selling terrorist attack on the US and London financial systems? So near 9/11...I doubt it but who knows?

Interesting times we live in.
 
2008-09-19 10:43:24 AM
Does anybody actually believe the Republicans don't believe in big government just as much as the Democrats, just in a much more retarded fashion?
 
2008-09-19 10:43:28 AM
eqtworld: barjockey: Roll Tide!

Oh. That SEC...

WAR EAGLE


You go straight to hell.
 
2008-09-19 10:43:56 AM
Jon iz teh kewl: Real gamblers buy Puts instead of short selling.

I wonder if you can still write naked calls?

/doubtful
//hehe naked
 
2008-09-19 10:44:33 AM
SurfaceTension: Short sellers are always getting the blame (new window) for big market crashes. To me, it just looks like they're riding the wave. But whatever.

The relaxing of regulations, especially when it came to (naked) short selling, and rumormongering gave some an unfair advantage (IMHO).
 
2008-09-19 10:44:52 AM
Two Dogs Farking: eqtworld: But it looks like making sure everyone has health care is still socialism.

How else will you be able to tell who to look down on in the streets if they aren't scabby and missing teeth?


I'm too short to look down on anyone, except my little pug.
 
2008-09-19 10:45:02 AM
The ruling comes after the SEC decided Wednesday to ban the practice of so-called "naked" short-selling, in which investors short the stock without actually borrowing it.

Althought the temp ban on shorting financials, I have no problem with the ban on naked short selling.
 
2008-09-19 10:45:10 AM
Bad_Seed: keylock71: The fact that taxpayer money is being used to bail out these failures is infuriating to me...

These companies took risks and were more than happy to reap in those profits, but now that the downside of all of that is becoming crystal clear, they expect the Government to bail them out.


Meanwhile small businesses and citizens are lucky if they get some crumbs in the form of "rebates"...

What I'm reading from this is that "Socialism" is acceptable when it's rich folks getting it, but it's the worst thing ever when it's lower and middle income folks getting it... I love that logic.

I know, they should just let the entire banking system implode. That'll teach those greedy bankers to take too many risks. And of course it will have absolutely no effect on ordinary hard-working people like you and me.


Well, then you agree that socialism is good, right? So why can't we have socialized medicine?
 
2008-09-19 10:45:13 AM
Jon iz teh kewl: Real gamblers buy Puts instead of short selling.

And then the market makers who sold the puts, short-sell the stock to hedge their risk. The investor's bias still puts pressure on the stock.
 
2008-09-19 10:45:22 AM
barjockey: eqtworld: barjockey: Roll Tide!

Oh. That SEC...

WAR EAGLE

You go straight to hell.


Actually, I've been to Tuscaloosa twice, I don't really plan on going back again though :P

/maybe for the Iron Bowl
 
2008-09-19 10:46:28 AM
Can we please have an armed insurrection yet?

Our government keeps on digging itself deeper and deeper into things that it has no business digging into. I think it is time to build some gallows and hang the whole lot of them - and I mean the decision makers at these failing financial institutions too. They are all treasonous and decietful. Why are we as a people just sitting back and letting the government go out of its way to help irresponsible people and businesses protect themselves from hardship? Why should I be forced into taxed servitude to pay for this shiat?
 
2008-09-19 10:48:26 AM
keylock71: The fact that taxpayer money is being used to bail out these failures is infuriating to me...

Around 90% of the funding is coming from overseas sales of T-Bills. With bonds flying up, the U.S. govt is borrowing dollars for close to 0%. I think they should actually continue to borrow. The other 10% comes from the taxpayers, but for 1-month loans @ 11%. They will be paid off.

I fully expect the govt to earn money from these bailouts, as they have with every single bailout since the 20s. The short-sellers drove the nail into the coffin, but the govt is getting these companies at ridiculously cheap prices.
 
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