customerserviceguy
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Fri Jul-23-10 07:40 AM
Response to Reply #9 |
| 119. While I have not seen any signs that the administration is backpedalling |
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I can think of one reason why: this reform will drive interest rates up. Maybe they really do need to go up, but if that happens, the service on the federal debt is going to dwarf even the military budget, if we see rates like we saw 30 years ago.
|
| -While Y'all Were Kvetching About the Controversy Du Jour...Most Important News of the Year Happened |
alcibiades_mystery |
Jul-22-10 01:41 PM |
#0 |
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Thank you for this important lesson.... |
BrklynLiberal |
Jul-22-10 01:43 PM |
#1 |
| -
Let's keep our fingers crossed that some bad press about this |
truedelphi |
Jul-22-10 01:43 PM |
#2 |
| -
and how did out cracker jack media miss this Little tid bit.... |
WCGreen |
Jul-22-10 01:46 PM |
#3 |
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Because it reflects negatively on all who have been involved... |
JuniperLea |
Jul-22-10 01:51 PM |
#11 |
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because it's complicated |
deacon_sephiroth |
Jul-22-10 07:43 PM |
#79 |
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So what you are saying is that it is only a matter of time before the administration starts ........ |
Exilednight |
Jul-22-10 01:46 PM |
#4 |
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I'm not sure how you extrapolated that bit of fiction from the OP... |
JuniperLea |
Jul-22-10 01:50 PM |
#9 |
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... |
BrklynLiberal |
Jul-22-10 01:57 PM |
#15 |
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all 3 of my thumbs up for your post, JuniperLea. |
Whisp |
Jul-22-10 03:34 PM |
#37 |
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While I have not seen any signs that the administration is backpedalling |
customerserviceguy |
Jul-23-10 07:40 AM |
#119 |
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To the extent that people pay taxes on interest income (and they do), |
JDPriestly |
Jul-23-10 11:03 AM |
#141 |
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High interest rates will hurt |
customerserviceguy |
Jul-23-10 09:19 PM |
#155 |
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I thought that this provision did not make it into the bill. |
JDPriestly |
Jul-23-10 09:52 AM |
#133 |
| -
Jumping to conclusions based on.....absolutely nothing... |
Spazito |
Jul-22-10 02:11 PM |
#18 |
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I am basing my conclusion with the known facts ............. |
Exilednight |
Jul-22-10 04:10 PM |
#43 |
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"Trust me, they will unfreeze it..." does NOT equate to facts whatsoever... |
Spazito |
Jul-22-10 05:03 PM |
#48 |
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If you'd been paying attention for the past 20 years or so.. |
girl gone mad |
Jul-22-10 05:28 PM |
#52 |
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LOL, still not facts in response to my question to the previous poster... |
Spazito |
Jul-22-10 05:40 PM |
#57 |
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Scroll down. |
girl gone mad |
Jul-22-10 08:27 PM |
#82 |
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LOL, wrong again... |
Spazito |
Jul-23-10 11:17 AM |
#143 |
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I see your point, and have thought similar things in the past. |
tbyg52 |
Jul-22-10 05:28 PM |
#53 |
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Blink? WHo cares who blinks. |
MedicalAdmin |
Jul-22-10 06:29 PM |
#63 |
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There is no "blink" in any case |
alcibiades_mystery |
Jul-22-10 07:04 PM |
#66 |
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Girl gone mad? |
Exilednight |
Jul-22-10 07:22 PM |
#69 |
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I was referring to |
alcibiades_mystery |
Jul-22-10 07:33 PM |
#71 |
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60 will not be enough |
bluescribbler |
Jul-23-10 09:18 AM |
#129 |
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Blinking didnt take too long : ( |
EJSTES2005 |
Jul-22-10 07:35 PM |
#74 |
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I could say I told you so, but I'm not that kind of person. |
Exilednight |
Jul-22-10 07:37 PM |
#75 |
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more.. |
EJSTES2005 |
Jul-22-10 07:37 PM |
#76 |
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Translation: the law stands, ratings agencies will be on the hook, and we are NOT permenently |
alcibiades_mystery |
Jul-22-10 07:40 PM |
#78 |
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The OP fails. Six months now, let's wait six months and see what happens then .......... |
Exilednight |
Jul-22-10 09:14 PM |
#93 |
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The law stands |
alcibiades_mystery |
Jul-22-10 09:38 PM |
#94 |
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The RA's claim they were caught off guard... |
girl gone mad |
Jul-22-10 10:47 PM |
#103 |
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They were screaming about this when the SEC requested comments |
alcibiades_mystery |
Jul-22-10 11:01 PM |
#105 |
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I don't think anything will be dramatically different in 6 months. |
girl gone mad |
Jul-23-10 07:39 AM |
#118 |
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You say |
alcibiades_mystery |
Jul-23-10 08:14 AM |
#122 |
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Blinking, schminking |
alcibiades_mystery |
Jul-22-10 07:39 PM |
#77 |
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Extension? |
unlawflcombatnt |
Jul-26-10 06:46 PM |
#156 |
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Yeah, and I can decide whether I want to buy an unrated bond or not. |
NBachers |
Jul-22-10 09:56 PM |
#98 |
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Huh? |
girl gone mad |
Jul-22-10 08:37 PM |
#85 |
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The repeal is NOT gone: 436(g) is still dead and buried for ratings agencies |
alcibiades_mystery |
Jul-22-10 08:47 PM |
#87 |
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The SEC could certainly undo the intent of the repeal. |
girl gone mad |
Jul-22-10 10:58 PM |
#104 |
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Come on |
alcibiades_mystery |
Jul-22-10 11:04 PM |
#106 |
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"The question is do the DEMS have the cojones to go the distance?" |
paulkienitz |
Jul-22-10 09:08 PM |
#91 |
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They already did |
alcibiades_mystery |
Jul-22-10 09:40 PM |
#95 |
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Fucking poppycock |
HughMoran |
Jul-23-10 09:09 AM |
#126 |
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CNBC, the ESPN of the financial world |
liberal N proud |
Jul-22-10 01:46 PM |
#5 |
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They sound like they are selling Sham-Wows! |
JuniperLea |
Jul-22-10 01:52 PM |
#12 |
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! |
vaberella |
Jul-22-10 02:16 PM |
#20 |
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Methinks they doth protest too much. In the same manner that there are supposed to be |
T Wolf |
Jul-22-10 01:46 PM |
#6 |
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That was an awesome explanation! |
JustAnotherGen |
Jul-22-10 01:47 PM |
#7 |
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I wonder if Kudlow will cover this....LOL...n/t |
monmouth |
Jul-22-10 01:49 PM |
#8 |
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You should be a teacher, honestly, I absolutely understand everything |
monmouth |
Jul-22-10 01:50 PM |
#10 |
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If You Were Standing in Front of Me, I Would Kiss You Full on The Lips |
Yavin4 |
Jul-22-10 01:55 PM |
#13 |
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Two reasons they did that..1) great big fees from the bond sellers 2) they really didn't understand. |
truebrit71 |
Jul-22-10 04:33 PM |
#45 |
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Sadly ... |
Kweli4Real |
Jul-22-10 06:59 PM |
#65 |
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Thanks so much for that clear explanation. |
Kdillard |
Jul-22-10 01:56 PM |
#14 |
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I think you are overly optimistic |
zipplewrath |
Jul-22-10 02:05 PM |
#16 |
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If that's true |
creeksneakers2 |
Jul-23-10 12:41 PM |
#151 |
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Excellent OP! |
Spazito |
Jul-22-10 02:08 PM |
#17 |
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Yup |
Beetwasher |
Jul-22-10 02:14 PM |
#19 |
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Good stuff. Yet this (meaning financial reform) was bashed to no end. n/t |
vaberella |
Jul-22-10 02:17 PM |
#21 |
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And it's still being bashed here on DU... |
JuniperLea |
Jul-22-10 02:55 PM |
#27 |
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what, Obama did something good?? Can't be! Isn't he the Antichrist? |
Aramchek |
Jul-22-10 02:18 PM |
#22 |
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The Antichrist isn't muslim! |
meowomon |
Jul-23-10 09:47 AM |
#131 |
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Insightful post about real world effects, thank you |
Uzybone |
Jul-22-10 02:34 PM |
#23 |
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Wonderful OP. |
great white snark |
Jul-22-10 02:41 PM |
#24 |
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Kick |
pinto |
Jul-22-10 02:48 PM |
#25 |
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Kayandarr! eom |
boppers |
Jul-22-10 02:50 PM |
#26 |
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A pretty worthless piece |
izquierdista |
Jul-22-10 02:56 PM |
#28 |
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Take your arrogance and shove it. |
Hosnon |
Jul-22-10 02:57 PM |
#29 |
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Huh? |
alcibiades_mystery |
Jul-22-10 03:04 PM |
#32 |
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Joke... |
Hosnon |
Jul-22-10 03:10 PM |
#33 |
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Yes - there are MORE IMPORTANT THINGS. |
MedicalAdmin |
Jul-22-10 06:32 PM |
#64 |
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'Zactly. nt. |
Hosnon |
Jul-22-10 09:10 PM |
#92 |
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What is to stop the issuer from going to a smaller rating agency? |
Freddie Stubbs |
Jul-22-10 02:58 PM |
#30 |
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Nothing |
alcibiades_mystery |
Jul-22-10 03:04 PM |
#31 |
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Good post, thank you! k/r |
CakeGrrl |
Jul-22-10 03:19 PM |
#34 |
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Substance? In GD? |
JNelson6563 |
Jul-22-10 03:22 PM |
#35 |
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thank you very much, a_m |
Whisp |
Jul-22-10 03:32 PM |
#36 |
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Thanks for the clear, concise explanation! n/t |
morillon |
Jul-22-10 03:48 PM |
#38 |
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i believe they are also requiring these bond bundles |
mopinko |
Jul-22-10 03:53 PM |
#39 |
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thank you! nt |
Clio the Leo |
Jul-22-10 03:56 PM |
#40 |
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I think they've already found ways around it, and regulators will soon cave anyhow. |
girl gone mad |
Jul-22-10 04:06 PM |
#41 |
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Let them, it's their last resort |
ProSense |
Jul-22-10 04:36 PM |
#46 |
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The regulators have already blinked. |
girl gone mad |
Jul-22-10 05:14 PM |
#49 |
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It's not a rumor, it's |
ProSense |
Jul-22-10 05:27 PM |
#51 |
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Call it what you like. |
girl gone mad |
Jul-22-10 05:33 PM |
#54 |
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What happens after the compliance period? |
ProSense |
Jul-22-10 05:39 PM |
#55 |
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You are assuming that the change will withstand 6 months of industry pressure. |
girl gone mad |
Jul-22-10 05:40 PM |
#58 |
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Right, because all their lobbying pressure succeeded in removing it from the bill? |
ProSense |
Jul-22-10 05:43 PM |
#60 |
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"It's not going away." |
girl gone mad |
Jul-22-10 08:31 PM |
#84 |
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No it hasn't |
alcibiades_mystery |
Jul-22-10 08:48 PM |
#88 |
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For all intents and purposes, the regulators have backed down.. |
girl gone mad |
Jul-22-10 10:15 PM |
#100 |
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"For all intents and purposes..." |
alcibiades_mystery |
Jul-22-10 10:22 PM |
#102 |
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Well, let's just give the entire industry a six month reprieve on FinReg.. |
girl gone mad |
Jul-23-10 07:51 AM |
#120 |
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Actually, there are numerous other new provisions for the ratings agencies |
alcibiades_mystery |
Jul-23-10 08:12 AM |
#121 |
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I have to go cook dinner for my fam, but I'll explain to you afterwards |
alcibiades_mystery |
Jul-22-10 05:03 PM |
#47 |
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It doesn't really matter. |
girl gone mad |
Jul-22-10 05:19 PM |
#50 |
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This is actually good news |
alcibiades_mystery |
Jul-22-10 06:13 PM |
#62 |
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I think you've got some coke-bottle thick rose colored glasses on today. |
girl gone mad |
Jul-22-10 08:47 PM |
#86 |
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Six months is reasonable time for |
alcibiades_mystery |
Jul-22-10 08:50 PM |
#89 |
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"vague imaginings, general pessimism, and very little knowledge of the issues" |
HughMoran |
Jul-23-10 09:15 AM |
#128 |
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Who Need s Facts When You Can Trust Your GUT About What's REALLY Gonna Happen!!! |
Beetwasher |
Jul-23-10 10:32 AM |
#138 |
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Really? It's certain Obama would veto such a repeal--How can they claim |
librechik |
Jul-23-10 12:34 PM |
#150 |
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Thanks for posting this. You made something that normally glazes my eyes over understandable. |
SalviaBlue |
Jul-22-10 04:10 PM |
#42 |
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How dare you post about meaningful success on this website, heathen. |
Starbucks Anarchist |
Jul-22-10 04:26 PM |
#44 |
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SEC Grants Delay on Ratings for Asset-Backed Debt |
girl gone mad |
Jul-22-10 05:39 PM |
#56 |
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At least investors won't have a false sense of security anymore. n/t |
rucky |
Jul-22-10 05:42 PM |
#59 |
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Shame on you for posting this here |
impik |
Jul-22-10 05:54 PM |
#61 |
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kick to mark to read all later. thx. n/t |
RainDog |
Jul-22-10 07:11 PM |
#67 |
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Thanks for the post! nt |
valerief |
Jul-22-10 07:20 PM |
#68 |
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I hope that this works |
Shireling |
Jul-22-10 07:28 PM |
#70 |
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Together with the other mechanisms, of course |
alcibiades_mystery |
Jul-22-10 07:35 PM |
#73 |
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iirc, the ratings agencies were really where accountability faltered |
RainDog |
Jul-22-10 10:21 PM |
#101 |
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K&R |
DeSwiss |
Jul-22-10 07:34 PM |
#72 |
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K&R |
Little Star |
Jul-22-10 08:11 PM |
#80 |
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SOME good news n/t |
ejbr |
Jul-22-10 08:27 PM |
#81 |
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Good news if there is a positive outcome of this bill... |
liberation |
Jul-22-10 08:29 PM |
#83 |
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glad to hear some good news for a change |
paulkienitz |
Jul-22-10 09:06 PM |
#90 |
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This is very helpful indeed. Still-- |
eridani |
Jul-22-10 09:52 PM |
#96 |
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Could this be the reason US bonds are being bought by the truckload now? TIA |
uponit7771 |
Jul-22-10 09:55 PM |
#97 |
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Thank you so much |
laylah |
Jul-22-10 09:56 PM |
#99 |
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Yes. This is the kind of change I voted for too. |
JDPriestly |
Jul-22-10 11:09 PM |
#107 |
| -
I'm sure we can count on left pundits to tout this accomplishment for Obama! |
Radical Activist |
Jul-22-10 11:21 PM |
#108 |
| -
"What's your credit score?" --- it's a total scam that reaches clear down to the consumers. |
Major Hogwash |
Jul-22-10 11:23 PM |
#109 |
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Anyone want to start a bond rating agency? We gotta find a couple |
jtuck004 |
Jul-22-10 11:29 PM |
#110 |
| -
LOL..count me in. |
EmeraldCityGrl |
Jul-23-10 03:36 AM |
#113 |
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My wife told me that we don't have enough experience. |
jtuck004 |
Jul-23-10 10:40 AM |
#139 |
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K & R |
Scurrilous |
Jul-23-10 12:01 AM |
#111 |
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Nice post and I would take it as good news |
waronbanks |
Jul-23-10 03:31 AM |
#112 |
| -
KnR |
Hekate |
Jul-23-10 05:03 AM |
#114 |
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Yes. This is good news. The law should also separate ratings houses |
geckosfeet |
Jul-23-10 06:54 AM |
#115 |
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Excellent!.. I did not know this was in FinReg.. |
DCBob |
Jul-23-10 07:11 AM |
#116 |
| -
Good explanation. Unfortunately, this is still capitalism. |
erfmasn |
Jul-23-10 07:22 AM |
#117 |
| -
I don't disagree with you |
alcibiades_mystery |
Jul-23-10 08:16 AM |
#123 |
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After the phrase "asset backed bonds" all I read was "blah blah blah". |
meowomon |
Jul-23-10 08:19 AM |
#124 |
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You can lead a horse to water, I guess |
alcibiades_mystery |
Jul-23-10 08:31 AM |
#125 |
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I am sure you have other abilities, don't worry. But the financial news is good. nt |
thereismore |
Jul-23-10 09:39 AM |
#130 |
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Thank you for the translation |
meowomon |
Jul-23-10 09:49 AM |
#132 |
| -
K&R |
Wednesdays |
Jul-23-10 09:14 AM |
#127 |
| -
K&R |
wryter2000 |
Jul-23-10 09:55 AM |
#134 |
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Sure, all about you. What about the rest of us? |
russspeakeasy |
Jul-23-10 10:12 AM |
#135 |
| -
The Law never inhibited Arthur Andersen |
sulphurdunn |
Jul-23-10 10:18 AM |
#136 |
| -
You can say that about any law |
alcibiades_mystery |
Jul-23-10 10:24 AM |
#137 |
| -
Good laws that don't put bad |
sulphurdunn |
Jul-23-10 10:50 AM |
#140 |
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Thank you for pointing this out. I admit I would have gone unaware of this significant victory. |
leeroysphitz |
Jul-23-10 11:11 AM |
#142 |
| -
Thank you for taking the time to inform us "little" people what it REALLY means! Hurray!! n/t |
1776Forever |
Jul-23-10 11:25 AM |
#144 |
| -
Huh? |
alcibiades_mystery |
Jul-23-10 11:38 AM |
#145 |
| -
Thanks! Just wanted to say thank you for the time. I have no idea what this was all about until I |
1776Forever |
Jul-23-10 11:39 AM |
#146 |
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You could have told us that without the sneer. |
aquart |
Jul-23-10 11:41 AM |
#147 |
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Can you say "Due Diligence", or else? |
on point |
Jul-23-10 11:48 AM |
#148 |
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I saw that and was intrigued. |
Overseas |
Jul-23-10 12:20 PM |
#149 |
| -
Anyone still believe Breitbart's hit job was coincidence? |
Moostache |
Jul-23-10 12:43 PM |
#152 |
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that's great news indeed. I never understood though why some people feel the need to gain focus on |
Divine Discontent |
Jul-23-10 12:45 PM |
#153 |
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I don't see how I belittled anyone |
alcibiades_mystery |
Jul-23-10 03:30 PM |
#154 |
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