"Boy, do I feel like an idiot" for thinking Pres. Obama was listening to popular anger against...


"Boy, do I feel like an idiot" for thinking Pres. Obama was listening to popular anger against Wall Street, Matt Taibbi writes in railing against the JOBS Act, which "will very nearly legalize fraud in the stock market... it will invite a replay of the disastrous tech-stock bubble of the late 90s [that was] made possible by a historic collapse in accounting standards."

Comments (15)
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    Wow, the truth is finally starting to come out. I guess the die hard liberals have at least a little respect left for America.
    10 Apr 2012, 06:46 PM Reply Like
  • bill d
    , contributor
    Comments (1893) | Send Message
     
    Yep - when THEIR ox gets gored it's amazing how quick they respond.
    10 Apr 2012, 06:48 PM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
     
    This is not a liberal or conservative issue, rather the continued fleecing of the American people. I foresee the few remaining retail investors continuing to withdraw their money from equities knowing they truly cannot protect or preserve their wealth while Wall St is still at the helm.
    10 Apr 2012, 07:08 PM Reply Like
  • TakeFive
    , contributor
    Comments (5130) | Send Message
     
    Not surprising that the liberal whiners take their turn over frustration with our centrist Pres. (up above Reagan is smiling)
    10 Apr 2012, 06:55 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    TakeFive, I think Reagan is pissed. To see what this country has been subjected to for the last 4 years would make me want to get all of the ghosts available and have a little raiding party. I don't think he is smiling. Maybe after election day. But not right now, because the Republican's are not putting forth a candidate that is a whole lot better.
    10 Apr 2012, 06:59 PM Reply Like
  • TakeFive
    , contributor
    Comments (5130) | Send Message
     
    Don't sell Ronnie short: http://bit.ly/HHBgns
    10 Apr 2012, 07:36 PM Reply Like
  • 867046
    , contributor
    Comments (380) | Send Message
     
    Is this not the logical consequence of the republican argument that regulation is killing job creation in America?
    10 Apr 2012, 07:03 PM Reply Like
  • coddy0
    , contributor
    Comments (1199) | Send Message
     
    867046
    Is this not the logical consequence of the republican argument that regulation is killing job creation in America?
    ======================...
    IMPO
    It is rather logical consequence of BO having a few fund risers in Silicon Valley.
    10 Apr 2012, 09:49 PM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    The current captain is going down with his ship, he's got my vote!!
    10 Apr 2012, 07:11 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (8643) | Send Message
     
    the JOBS act isn't the problem. The issue is the lack of enforcement of rules.
    10 Apr 2012, 07:31 PM Reply Like
  • TakeFive
    , contributor
    Comments (5130) | Send Message
     
    Exactly, just come up with a fraud squad. Impeding job/business creation for fear fraud may also happen is silly.
    10 Apr 2012, 08:17 PM Reply Like
  • Buddy Canuspare
    , contributor
    Comments (400) | Send Message
     
    But that fraud squad would still be made up of government employees! Better to leave the fox in charge of the henhouse. Caveat emptor - nver forget, caveat emptor!
    10 Apr 2012, 08:39 PM Reply Like
  • runlong
    , contributor
    Comments (93) | Send Message
     
    How do we invest in this jobs act.... i want some of the bubble money !!!!!!!!!!
    10 Apr 2012, 07:58 PM Reply Like
  • 867046
    , contributor
    Comments (380) | Send Message
     
    Frankly, this is much ado about nothing:

     

    1) How many rich, stupid retail investors are there left?

     

    2) A whole new investor internet ecology will sprout up detailing the scams and the winners of this new type of investment vehicle.

     

    3) To some extent, retail has already been bloodied by small biotechs and NASDAQ listed small Chinese corporations.

     

    4) Do investors have a complete financial picture of the leveraged risks of any bank or GS?
    10 Apr 2012, 10:18 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    Another rube self-identifies. Though, in Taibbi's case, there are dozens of other reasons for him to feel that way.
    11 Apr 2012, 06:27 AM Reply Like
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