Top Derivatives Regulator: 'We Haven't Filled the Gaps'

[blkcola]

Bankruptcy for profit...

[bertly71]

Washington is too awash in financial market cash, lawyers, lobbyists, and former and future employees of the financial sector. The revolving door between federal employees and the financial sectors brings little confidence of real and honest change for the better. Without that confidence, the economy will never fully recover.

[bnfox]

bertly1 - absolutely true and little to add to that other than the astonishing speed and audacity at which these players go back and forth between the so-called "private" sector and the so-called "public" sector - creating less and less distinction between the two. I used to wonder why millionaires and rich lawyers went into government and it's low pay...but then saw all the strings they can pull to enrich their own investments, the corruption, and the lucrative lobbying jobs they take later.

[bertly71]

Too bad this revolving door is not limited to the financial sector of our government involvement. The go.betweens keep siphoning off money for those who those who it was intended for. I wish Obama would have kept his campaign promise to omit these people from his administration.

[bnfox]

bertly1 - for sure.And yes - Obama talked of lobbyists not being in his administration while he herded them in through the service entrance - his trend seems to be to hire all the wolves to watch our henhouse.

[bertly71]

Watch what they do not what they say.

[bnfox]

bertly1 -amen!!

[debtruth1]

maybe what they need to do is get filings on all derivatives created to ensure that those derivatives ACTUALLY HAVE SOMETHING BEHIND THEM!!!! it's less about regulating, it's more about filings!!! bring it to the attention of the regulators on the onset.......if we need constant regulation, there is something corrupt in the system. stamp out greed!!! long live capitalsim!!!!!

[bnfox]

debtruth1 - as you know, more regulation isn't necessarily the answer - just enforce what is there and close the loopholes the special interests always buy and exploit. And they can't back the derivatives with anything - then they may actually have to back the money supply with something, too!! I think it is telling that the industry can't just make old fashioned profits - they have to invent insane quixotic equations to boondoggle investors in increasingly preposterous ways.

[beancube2008]

Was Mosses Zionist?

[beancube2008]

Please investigate Zionist's hidden philosophy after you peal off their religious. Please go back to church and reclaim the real philosophy of the languages. Many preachers are blind and are paid to be blind leaders. Using public discussion on what they want and don't want to do. Tackle the real effects of those classic interpretations of those holy books. Is humanity god's or evil's creation?

[beancube2008]

Those guys still have no guts to find out those derivatives under other less obvious titles yet. Why are they protecting these bubbles? Where are those Push and Pull betting coming from? Why suddenly would our investment, labor effort, resource future and inventory can't avoid those betting? Is our education all about betting and cheap labor somewhere else?