mark t :

"it will also be necessary to change the people interpreting and enforcing the rules, and that won't happen without a change in party in control of the executive branch. "

it won't happen till
the wall street aid and abetters
of both party affiliations
are targeted as such and for being so
get defeated for re election

chuck schummmmzster and max booogas beware

btw
barnie f u gotta get it on not just blow your horn

Posted by: paine | Link to comment | March 25, 2008 at 06:16 AM

paine says...
new laws and full enforcement
how is that hard to figure

with the courts constraining stayte actions
law over ride is needed
that the fed saw it rising
and could have prevented the lot bubble
is enough to establish "new people
with opposite aims are needed now in the control tower"

most dangerous thought train in thread

"Now that we know how the new products behave in a downturn, financial entities will adjust and not extend themselves as they've done in the past'

most familiar snot nosed
auto dumbdact
dabbler's reposte

"This thread was.... strangely satirical"

"I'm skeptical on principle
on the merits of regulation'

what principle ???

the uncle milty F chi- go inc
tyrolean freedom party
platform principle # 13 ???

"no corporate regs please
its bad for freedoms "

operating maxim
by those who have replaced
the iron curtain
with an iron meme

"let all limited liability
trans nats
romp free to the max
whilst a limbo gubmint
bends under
the Stigler stick"

any more tiresome
post soviet
no more stalinoid
straight jackets chitter
only gets to be like mideast chitter
from a zionist

source poisoned noise

Posted by: | Link to comment | March 25, 2008 at 07:00 AM

paine says...

figure of the day

"too much oversight-style regulation can prevent

the action of

the winds of creative destruction"

rusty has felt
just that very dark breeze
blow right
up his beloved industrial heartland's
hindquarters

some times third best
is better then no best at all

Posted by: paine | Link to comment | March 25, 2008 at 07:07 AM

paine says...
"Excess finance ... capacity "

do you mean petty loan originators ???

too many sharks chasing
too few over board sailors

Posted by: paine | Link to comm
waldmann is .....out of the real action
with no first hand grasp of the succulence
of bi partisan belt way elect- ables
creating post new deal
free pilfer zones

he's a thoughtful ironic
contrary uber-brain

but in the last analysis
still nothing but
just another side walk super intendent

Posted by: paine | Link to comment | March 25, 2008 at 07:16 AM

paine says...
"The Fed ought not be the central authority nor the Treasury as their mandates are about protecting "financial stability" over protecting consumers/investors/savers"

i agree

but i'd rather see the congo harness its fednik creature
which since inception
has maintained vampires on the blood bank's board

the future people's fed i envision
among other august roles and practices
needs to be the job class majority's
mutt and jeff tribune
keeping a skunk eye
on the hi fi wally worlders
ever ready to facilitate
their forced return of seigniorage gains
and credit rationing rents
properly belonging to the people as a whole
mark
suggests the optimal policy path
follows the fairway

with hazards " on both sides "

" too much intervention and too little "
both lead to a bad lie

often its hard to argue against such sweet reason

but here we are in the woods off to the too low reg side
and
i say lets just take a huge hack at the ball
even if we end up on the too high reg side
i suspect we'll end up
considerably closer to the hole

however
this side of the robinia moon
looks silvery cool to me

"What proactive action might a government take? I'm thinking a planning, market-shaping role is most appropriate (development-minded)"

Posted by: paine | Link to comment | March 25, 2008 at 07:50 AM

paine says...
"Markets only operate in the context of rules"

its corporations that need rules not markets

why do we reify the problem of wild corporate pokes
as a "market " problem

its corporations
that make our contemporary advanced markets ...right ??

make em brake em
and by doing so
often use
that market they've built sustained and hid thru
to milk we the weebles
and bilk us too ..
bilk us and each other and
all else
but god almighty

oh the shark ness of it all

in an otherwise world....

uncle sam would in turns
massage or foot stomp
not some figment called a market

but their makers
the trolls in 3k suits
up there in the glass towers
cynthia

it all starts with the lot value bubble
reg that eventuality out of possible market production
and the synthetic securities never hit default risks
like we see now

as to aaa ratings

those upstanding folks
need jail time
and financial ruin
and in each one's cell
they should find
waiting for em
a regulator who didn't do his job

alan greenspan needs serious jail time
above all others

talking about his personal philosophy
of a optimal market economy
is like talking about ditch schultz
philosphy of beer distibution

dd of course hits a bull's eye

these same
board room rats
will try to" make it "
just as much now the market
is "going south "
as they did
when it was " coming north"

jail baby jail

personal finacial ruin and jail

for ...10 thousand green souls at least

not another change to scoop up some more

reg/non reg produced rents

i wish engdahl had it right about
the last days of wall street rex
coming fast apon us

but no such ruck palefaces

pax wall street
like pax city of london
circa 1878

has at the very least
a few more decades
of uncontestable hegemony
ahead of it

i'll state it clearly as bad as it gets
this will not be
great dep II
that requires a globe without
a hi fi hegemon

and the hi fi hegemon of today
with its
one of a kind
anywhere it wants to go
death star/ blitz machine
hasn't yet met its near match
let alone
seen its great war

Posted by: paine | Link to comment | March 25, 2008 at 09:40 AM

paine says...
winny's lasso
castration of the hi fi bull

i'm dizzy from the vivid figure
i see the bull on the lasso

circling the cart as the lasso er in chief pivots round and round
meanwhile ...
the cart goeth no where