"Under state gaming laws the speculative use of OTC derivatives, such as naked CDS (similar to naked shorts) and synthetic CDOs, was illegal in the US until state gaming laws were preempted by the federal government’s Commodity Futures Modernization Act of 2000 (CFMA)."
Courtesy of Clintons
Chet Ruminski Wrote: Get rid of gambling in the stock market and restore it to the definition that the public is led to believe it is. An alternate source of funding for start ups, new and existing budinesses. There is not the slightest resemblance between derivatives and the stock market as it is professed to be. Non interested parties betting on the outcome of random businesses is not a stick market. In fact you can't even buy into the most significant trading in a stock market.
People have been gambling in the stock market since the moneylenders in Europe began trading debts between each other in the early 1300's.
A credit default swap serves an important function because in theory they are putting a company on notice that something doesn't look right. This was brilliantly explained in "The Big Short." The movie is good, but the book is great.
"Non interested parties betting on the outcome of a random business" isn't what is happening; very interested parties are betting that a business or market has over leveraged themselves and they are warning that it's all going to come crashing down.
Chet Ruminski Wrote: "Under state gaming laws the speculative use of OTC derivatives, such as naked CDS (similar to naked shorts) and synthetic CDOs, was illegal in the US until state gaming laws were preempted by the federal government’s Commodity Futures Modernization Act of 2000 (CFMA)." Courtesy of Clintons
No, this was courtesy of the 106th Congress that was dominated by Republicans.
And I wasn't aware that Hillary Clinton was heavily involved in the negotiations over the CFMA. When are you going to stop blaming Hillary Clinton for things her husband did? My fiance and I have many different opinions, but according to you she must agree with everything I say or do because we are going to get married. Can't it be that Hillary Clinton has a mind for herself? Or will your brain not let you believe that?
Bernie just had a heart procedure for a blocked artery, and has cancelled campaign events until further notice. Since the next debate is scheduled for October 15, it is entirely possible that there will be 10, rather that 11, participants.
https://www.chicagotribune.com/politics/elections/ct-bernie-sanders-heart-procedure-20191002-sc62cjc7hzelji36trz6kt3loi-story.html
Now being reported as a heart attack. Does that matter to his firmly loyal supporters ? Elizabeth Warren is looking better all of the time. Sad that 30% of uninformed voters would rather vote for Satan instead of a woman.
I hope Bernie is well. Health in addition to age are not positive factors. Perhaps they might consider the othet really old white guy but subject to revision. You never know what those multinational investigations will find.
TJ Wrote:Now being reported as a heart attack. Does that matter to his firmly loyal supporters ? Elizabeth Warren is looking better all of the time. Sad that 30% of uninformed voters would rather vote for Satan instead of a woman.I hope Bernie is well. Health in addition to age are not positive factors. Perhaps they might consider the othet really old white guy but subject to revision. You never know what those multinational investigations will find.
Hopefully the support he gives will be more genuine than what was given in '16. He is vitally important though not a frontrunner. His ideas need to be heard. Perhaps a cabinet position is where he could contribute.
I read about the Warren tax ideas yesterday. Very interesting. Sadly too many Americans are mentally wedged in the 1950's so they won't vote for a woman (the south and the states like Montana, Idaho, Dakota's, etc.).
If we don't win it just doesn't matter.
I would love to be optimistic but I am not.
Yes, he still thinks he can do everything he wants, like any dictator. The bad thing is that plenty of people are aiding him to indeed become an real dictator. He also loves "dictators"like Putin, Kim, Erdogan etc. and wants to be like them. However the GOP have not gotten that message and stick with him whatever he "tweets" or screams. I guess they forget that if he is really installed as "dictator" that then also they will be shoved aside and become plain servants without any say.
Sorry people the laws and "rules" here are outdated an no one cares that you can "walk" right over them if you are an "bully mob boss". Just go bravely to church and everything is "well".
But yeah the Titanic is sinking before your eyes.