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| quote: | Originally posted by Q5echo
my thoughts? Barney Frank is about to propose legislation to decriminalize marijuana. i shutter to think what consequences his plans for regulating multi-trillion dollar financial markets would entail. |
So how do you connect the issue decriminalization of marijuana to financial markets? That's a great leap to assume because someone supports decriminalization of marijuana, they must be a currupt official. I really don't understand your logic. Frank wants to deregulate a victimless crime, but when he also wants to regulate an activity which does have a victim (predatory lending), you "shutter". What is this obssession with cannibis prohibition you seem to have?
| quote: | | at the same time investors are trying to predict what markets will do the next quarter to 6 months, now they have to speculate on what the regulators are going to do or want to do and i can see how that would drive an investor up a wall. |
Yes, but a democratic presidency does not guarentee economic stagnation. Let's not forget who it is currently running this country's finances into the ground.
"Reagan proved deficits don't matter." -Dick Cheney; 'The Price of Loyalty' quoted former Treasury Secretary Paul O'Neill
| quote: | | if you need to give these behemoth banks some breathing room, do it. let the markets take a hit. adjust, then see where we are in 6 months. lets just hold off on wrapping ourselves up in knee-jerk regulation until then. thats my plan and i'm sticking to it. |
So how do we prevent the subprime mortgage bubble without legislating regulations against it in the future. I don't understand.
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