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  • #241
    Originally posted by Colon™
    I believe the most notable piece of deregulation was repealing the Glass-Steagall act, under Clinton's watch. I suppose one could argue it helped creating instability, though it'd also seem part of the solution since stand-alone investment banks aren't considered to be viable anymore.

    Anyhow, the message Imran was trying to get across is that people simply made honest mistakes.


    Whenever people say its all about deregulation, I always ask, which regulation was gutted that caused all this? Usually they can't tell me or say the gutting of Glass-Steagall, which, if that was really the cause, you'd have more commercial banks failing than investment banks, right?
    “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
    - John 13:34-35 (NRSV)

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    • #242
      Originally posted by Imran Siddiqui




      Whenever people say its all about deregulation, I always ask, which regulation was gutted that caused all this? Usually they can't tell me or say the gutting of Glass-Steagall, which, if that was really the cause, you'd have more commercial banks failing than investment banks, right?
      More fun on Capitol Hill...
      If you look around and think everyone else is an *******, you're the *******.

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      • #243
        I can see more regulation, but it should be smarter regulation. The entire framework should be changed to deal with the new realities. Also things like hedge funds should be more open and transparent.

        But we have to be careful. The regulations that were passed in the panic after Enron (Sarbanes-Oxley) is considered, overall, to be waaay too much and a complete overreaction. Some parts were definitely good and needed, but others... well.
        “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
        - John 13:34-35 (NRSV)

        Comment

        • #244
          Hmmm... 3-month T-bills are only yielding 0.26%
          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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          • #245
            Originally posted by DanS
            Hmmm... 3-month T-bills are only yielding 0.26%
            Ouch... my income trust pays more than that in monthly dividends
            "The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
            -Joan Robinson

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            • #246
              And now they're yielding only 0.06%
              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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              • #247
                WTF
                DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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                • #248
                  Now only 0.02%
                  I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                  Comment

                  • #249
                    could someone please explain what that means in laymen's terms.
                    "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

                    "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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                    • #250
                      Originally posted by C0ckney
                      could someone please explain what that means in laymen's terms.
                      You're better off stuffing cash under your mattress than lending it to the government.
                      "The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
                      -Joan Robinson

                      Comment

                      • #251
                        yes sorry, i should've been clearer. what i meant was, does that mean that investors are losing confidence in the US government's ability to meet its obligations, or am i barking up the wrong tree?
                        "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

                        "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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                        • #252
                          That's not true, you're still getting 0.02% return while the mattress earns no interest at all.
                          DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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                          • #253
                            Originally posted by C0ckney
                            yes sorry, i should've been clearer. what i meant was, does that mean that investors are losing confidence in the US government's ability to meet its obligations, or am i barking up the wrong tree?
                            No, they're losing confidence in everything else, so there's a stampede into treasuries, decreasing their rates.

                            I suppose you might also take it as an indication the markets are expecting deflation the coming few months.
                            DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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                            • #254
                              ah i see, thanks.
                              "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

                              "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

                              Comment

                              • #255
                                Originally posted by DanS
                                Now only 0.02%
                                Now at .016% and falling. ALL the money today is running for short term treasuries.
                                "I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003

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