sulphurdunn
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Fri Jul-23-10 10:18 AM
Response to Original message |
| 136. The Law never inhibited Arthur Andersen |
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from cooking the books for Enron. The question with very greedy people is always the same: Is their fear of justice greater than their love of money?
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| -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 |
| -
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 |
| -
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 |
| -
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 |
| -
Yes. This is good news. The law should also separate ratings houses |
geckosfeet |
Jul-23-10 06:54 AM |
#115 |
| -
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 |
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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 |
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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 |
| -
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 |
| -
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 |
| -
I don't see how I belittled anyone |
alcibiades_mystery |
Jul-23-10 03:30 PM |
#154 |
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