elcopone

A Bull Market That Few Are Buying

I agree with the analysis for the most part but I think the main point is being missed....

The issue is not Republican versus Democrat. It's not one parties agenda versus another. Or one President's agenda versus what another President would have done. If you think the the Republicans are any less bought off or curropt than the Democrats, I have a bridge to sell you.

The issue is that our entire political system is completely broken. Politicians on both sides have been and will continue to act in a manner that benefits no one (except them personally and their party) untill the system is fixed. Republicans are bribed by one set of special interests and Demecrats are bribed by another. Some special interest who have enough money just bribe both.

None of the problems facing the US will ever be truly solved untill the political system is fixed. Here is the simple fix that will never happen....

1. Make lobbing of any form illegal.
2. Institute term limits.
3. Eliminate fund raising of any sort. All campaigns would then be run with equal money funded by the government.
4. Institute a 10-year waiting period between the time an elected official leaves office to the time they can be hired in the private sector.
5. Create a third and equal "Moderate" party that represents the roughly 60% of the population that is either an Independant, Moderate-Dem, and Moderate-Repub.

Simple economics... People's behaviors are motivated by incentives. Fix the incentives, fix the behaviors.

FDIC Regulation: Reason for Alarm

I think your title does not accurately portray the point you you are making and is misleading. While I agree with you are saying specifically about the FDIC, this is not financial "regulation". I believe true financial regulation is needed to ensure that:

a) no bank or instititution is ever allowed to be "too large to fail"
b) markets are not being manipulated
c) Madoff schemes are not allowed to happen
d) executives are not being given billions of dollars for poor performance

and many other reasons. But to imply that all financial regulation is wrong because of this FDIC example is just rediculious. Regulation, like everything else, needs to be done carefully and thoughtfully.

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

Tyler Durden strikes again!!! GREAT work, if it's true. Wow, what a story. Mr. Durden continues to the only person in my watchlist.