Matt Davies for April 23, 2010

When even people in the INDUSTRY can’t really explain what some of the derivatives are, doesn’t that raise a few red flags??? At least in Vegas a pit boss will explain how to play craps or roulette to a newcomer- and you get to watch the dice or ball!

ANandy, Are you talking about the financial sector as the “most regulated industry in the country”? What gives you that idea?

“fascist economy” sounds like a throw away misunderstood and meaningless slogan….what are you talking about?

The totally UNregulated $600,000,000,000,000 derivatives market is defended as a banner bearer for ‘free market capitalism.’

If their going to fail let them. It will hurt at first but the pain goes away faster than allowing a bad idea to keep on going. Like pulling off a bandaid. Do it quick.

davesmithsit, if we did that – as was done prior to the reforms introduced by FDR, then banks would collapse along with your savings (assuming you have any), but before they did, they would foreclose on mortgages and debts of any kind to get all the money they could. Are you completely debt-free?

mm- dave has all those titles to bridges under his mattress.

@ vhammon – “throw away misunderstood and meaningless slogan[s]” is all Inaney has going for him.

Ban gambling outside casinos. Problem solved. Let banks go offshore. That will make my taxes easier to file.