curious cat

Ritholtz, Ratigan Take on the 'Giant Vampire Squid'

the system is not broken. it works very well, just not for us. the laws are made by the people who benefit. what we need is an ammendment to the constitution that does two things.

we need to replace all taxes with a graduated tax which is only collected once, by one government agency. we fill out one form, period. all taxes collected must be split by them into local, city, state and federal. this would create a more level playing field, regardless of where you live in america. it would reduce the burden on businesses and people, thereby increasing productivity. if obama is so keen on computerizing medicine for the benefits and reductions in spending, he should be all for this measure.

second, we should require that all elected officials be put into a bunker for the term of their office. all their assets should be frozen, not put into trusts, blind or otherwise. they should be sequestered from any and all influence peddlers, so they can accomplish the greatest good for the greatest number of people, not just their constituents. if they truly want to serve the people, let them serve and sacrifice. let them wash the feet of the masses. let's tweek the system to weed out self interest. obama wants to change medicine and other businesses to be a calling. well, here's what we're calling for, some sacrifice from our representatives. the first shall be last and the last shall be first.

Buffett Warned Us in 2003

kiss
1. owners of shares must be allowed to decide whether their shares can be lent to others.
2. short selling should be allowed for people under six feet in height only.
3. no short selling on margin.
4. brokers who go broke must form a support club.
5. no shorting of stocks under five dollars a share. let the people who actually own the friggin stock keep a few bucks, ok?

Government Intervention? Here's a Scorecard

excellent article, mr miller. you hit the nail dead on. repeal this rule and allow us to celebrate in our ignorance. we do not want to know the market value of our assets. we want to pretend that we have more and allow others to buy it for an inflated price.
the grand nagus

Opportunities Buried Beneath the Headlines

i would prefer to see lots of articles dreading the future. it bothers me when other people are having the same insights. okay, i'm thinking of a number from one to ten,....