Purl Gurl

In the Wake of Bear: I-Bank Regulation Now in Fed's Hands

You are the Prince of Wall Street. I am the Witch of Wall Street.

Prince writes, in part,

"Leveraging through derivatives will probably end with an order from the regulators against such actions."

I would not hedge a bet on this, certainly not under Bush's administration. Regulatory enforcement and regulatory actions, both are down significantly since Bush fired aggressive SEC chair Bill Donaldson then replaced him with a known crook, Chris Cox.

Some quick SEC numbers generated by the White House:

Cases Successfully Resolved:

Donaldson - 98%
Cox - 92%

Cases Filed After Complaint Initiation:

Donaldson - 69%
Cox - 54%

Monetary Disgorgements / Penalties Ordered

Donaldson - 86%
Cox - 55%


There is no doubt new regulations are needed to strap a leash on this new class of Wall Street criminals. However, a leash serves no purpose when our government actively discourages enforcement of securities regulations and discourages enforcement of our laws; Wall Street criminals are allowed to run wild upon our streets while their leashes hang on a wall in the SEC chairman's office.

Is not this the true crisis we Americans face today?


Okpulot Taha
Choctaw Nation

Are These "Once In A Lifetime" Moves?

Two young boys at Bespoke Investment Group, comment in harmony,

"It usually takes 5 to 10 years for these stocks to move this far down and this far up again. In the current market environment, it takes less than 24 hours."


Don't you young boys just love this wild roller coaster ride? Tell ya, this really excites me.

These are times when decades of stock trading experience pay well and I am earning boat loads of bucks through high anxiety, high risk day trading.

Fundamentals, out the window with the baby. Technicals, might as well be drawing cartoons of Mohammad. These are market conditions, within the financial sector, requiring quick assessment of trader perception based solely on volatility of share prices. This quick assessment is keeping your ugly mug plastered to your live feed while watching minute-by-minute changes in trending.

Not for everyone, not for almost all, certainly not for young boys who fancy themselves savvy traders, these are conditions under which those very few with lots of experience and a willingness to take on extreme risks, can made gobs of money, or lose gobs of money.

I am loving this wildness in the markets. If I could this my way, our stocks markets would be this wild on a daily basis; this is exciting.

Probably kinda scary for young boys, though.


Okpulot Taha
Choctaw Nation