Who We Should Blame for This Crisis [View article]
Good story. Much better and informed than Pelosi and Barney Franks re-write of history. You exposed the many sides to this story and the truth hurts that we all to some degree had a hand in this mess, how ever small it may have been. I would like to add the SEC and Mr Cox as a do nothing Chairman who over saw the leverage increase from 12 to 1 moved up to 40 to 1 leverage and COX never kept an eye on the players as he said he would. We would have a much smaller problem with out the increase of leverage. This do nothing guy has left the up-tick rule off when it should be used. Cox never has enforced the rules on the books like Naked Shorting. Cox has help make all this current mess much larger than it should have been. Blame aplenty to go around but this guy fiddles while Rome Burns. McCain was right to say he should be Fired. Bush is like a deer in the head lights. Its all very sad and when this is over I hope this is whole mess is sorted out by a Special Prosecutor and put people in jail who did commit crimes.
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Good story. Much better and informed than Pelosi and Barney Franks re-write of history. You exposed the many sides to this story and the truth hurts that we all to some degree had a hand in this mess, how ever small it may have been. I would like to add the SEC and Mr Cox as a do nothing Chairman who over saw the leverage increase from 12 to 1 moved up to 40 to 1 leverage and COX never kept an eye on the players as he said he would. We would have a much smaller problem with out the increase of leverage. This do nothing guy has left the up-tick rule off when it should be used. Cox never has enforced the rules on the books like Naked Shorting. Cox has help make all this current mess much larger than it should have been. Blame aplenty to go around but this guy fiddles while Rome Burns. McCain was right to say he should be Fired. Bush is like a deer in the head lights. Its all very sad and when this is over I hope this is whole mess is sorted out by a Special Prosecutor and put people in jail who did commit crimes.
Oct 11 10:08 am
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All Comments by Mr Ed »Who We Should Blame for This Crisis [View article]