“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. ”

If he’s the chairman of that Commission, why shouldn’t he be fired, again? Short selling doesn’t seem to be the crux of the problem, does it?

Is Mr. Cox on the record as repeatedly warning Federal and State regulators that the junk mortgages they were floating were time bombs? If not… well, shouldn’t he have been? If not him, then who?

- Joe Biden

How come McCain doesn’t know who the Prime Minister of Spain?

Maybe if Spain had a La Raza and was invading America, McAmnesty would drop his pants and bend over for them too!

Ever hear of “naked short selling”? Its a practice where someone sells a stock he doesn’t own and he hasn’t even borrowed with a promise to give it back later, after he’s reaped the profits from selling at today’s price and buying it back at tomorrow’s lower price (he hopes).

Not quite.
Short selling is selling in hopes the stock will go down. You have to pay for it in x hours/days no matter if it goes up or down.
Naked short selling IS ILLEGAL RIGHT NOW!

Power is all consuming and I can never give it up. I then will use the little guy to keep me in power and throw some crumbs their way as a carrot.

O/T, kinda reminds me of Oprah with her audience giveaways…couldn’t resist.

Rev Wolf said:
Hands off my naked short-selling. Just disband the SEC already.

My hands aren’t going anywhere near your naked short-selling; however, I can’t vouch for Sen. Craig. But I was wondering, is there any other kind? I mean, if you sell your shorts, wouldn’t that leave you “naked”?

How come McCain doesn’t know who the Prime Minister of Spain?

Spain has a Prime Minister?

On September 18th, 2008 at 5:41 pm, Papa Louie said:
I think the answer lies in the distorted, narcissistic view they have of themselves. They actually believe that they will be the ones running this all-powerful government. They use class envy to obtain power, but they don’t really care about the little guy once they have it.

I guess jealousy, envy, & greed play into that as well. If I don’t have it, then I want it, and I’ll do whatever it takes to get it (outside of real work of course). But when I get it, I like it and theres always more to get.

Money, power, prestige, respect, fame, material wealth.

So I have to do something to keep it and I want to give back to those who were where I was. (this is the compassionate side of humanity)

Until they try to take mine. Thats why I don’t actually give what I have. I try to get others to give by taxing them. Sure, I have to give a little too but since everyone chips in, I don’t have to give as much. But it’s like a Ponzi scheme where there is no real product or service being delivered. Just shifting funds.

Then I notice that power is where the real wealth is. Power is what keeps me wealthy. Power is all consuming and I can never give it up. I then will use the little guy to keep me in power and throw some crumbs their way as a carrot. Power also gives me the big stick if they don’t comply which gives me even more power.

Wow, now I’m really bummed. My power is weak. I should run for office. Lets see, Local club, City Council, Mayor, State Senator, Governor, VP, President, Emperor of the world!

Nope, not enough energy. Guess I’ll just read blogs all day.