Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

jmowreader

(50,557 posts)

27. "Those who fail to learn from history are doomed to repeat it"

Reply to alp227 (Original post)

Mon Apr 23, 2012, 01:14 AM

Apr 2012

The problem with THIS history is, it's only five years old.

I realize people have short attention spans, but this is ridiculous. If anything, they need to INCREASE the rules on derivatives to do things like banning derivatives whose underlying securities are derivatives, and regulating credit default swaps as insurance--including a ban on purchasing CDS when you don't own the underlying derivatives.

Go read up on the Goldman Sachs scandal, then remind yourself: not only was everything they did in that scandal legal, it is STILL legal.

Edit history

Please sign in to view edit histories.

31 replies

= new reply since forum marked as read

Highlight:

US regulators look to ease swaps rules [View all] alp227 Apr 2012 OP

. NRaleighLiberal Apr 2012 #1

+1000 nt abelenkpe Apr 2012 #19

No. Just no. sakabatou Apr 2012 #2

Sure, why not? After the first couple of trillion..... DeSwiss Apr 2012 #3

I just watched tonight's 60 Minutes report on the Lehman Brothers collapse. Bozita Apr 2012 #4

Lehman robbed the states via state pension investments freshstart Apr 2012 #17

EPIC FAIL! Odin2005 Apr 2012 #5

Aw, what the hell.... lastlib Apr 2012 #6

Why don't they let American Students off the hook for massive debt? lib2DaBone Apr 2012 #7

$wap = swap Trillions from taxpayers' pockets into... Amonester Apr 2012 #8

Whatever it takes.. sendero Apr 2012 #9

more hope and change KG Apr 2012 #10

since the Capissars in the justice department.... unkachuck Apr 2012 #11

I haven't read this yet but the headline alone spells snappyturtle Apr 2012 #12

I watched this today freshstart Apr 2012 #13

because one financial collapse isn't enough.... mike_c Apr 2012 #14

Not only the 'Deep Pocket$' weren't punished accordingly... Amonester Apr 2012 #16

Frontline is doing a new series too freshstart Apr 2012 #15

Thank you for the heads-up! Bozita Apr 2012 #26

You're welcome! freshstart Apr 2012 #28

I think that Greenspan is back to his usual self. amandabeech Apr 2012 #31

Can't allow old Europe to make their own rules in our world got root Apr 2012 #18

O Hell no! Nt abelenkpe Apr 2012 #20

These People, Sir, Should Be Told To :Pound Sand.... The Magistrate Apr 2012 #21

Take everyone out that's in the derivatives business and hang them. mbperrin Apr 2012 #22

That's an 'extreme' method nobody here SHOULD wish for... Amonester Apr 2012 #25

Well, then get to it. mbperrin Apr 2012 #30

What could POSSIBLY go wrong?? cliffordu Apr 2012 #23

re: US regulators look to ease swaps rules allan01 Apr 2012 #24

"Those who fail to learn from history are doomed to repeat it" jmowreader Apr 2012 #27

Do I have this right, CFTC too poor to regulate oil price fixing, but, can do this. Festivito Apr 2012 #29