Posted on 12/18/2006 8:53:12 AM PST by GodGunsGuts
...
The portion of national income earned by the top 20 percent of households grew to 50.4 percent last year, up from 45.6 percent 20 years ago; the bottom 60 percent of U.S. households received 26.6 percent, down from 29.9 percent in 1985, according to the Census Bureau.
Meanwhile, average pay for corporate chief executive officers rose to 369 times that of the average worker last year, according to finance professor Kevin Murphy of the University of Southern California; that compares with 131 times in 1993 and 36 times in 1976.
...
(Excerpt) Read more at chron.com ...
It won't.
Why do you want a current account surplus?
regulate the derivatives market
Why?
cut the federal government to a third of its current size, etc, etc.
So you want to cut the government, after you grow it?
What do you know about the derivatives market?
Not much, but I don't think the government should regulate it.. When you have more government regulation, there is going to be more problems....
"The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear....[They] are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."
-- Warren Buffett, Chairman and Chief Executive, from his Letter to Shareholders, 2002 Berkshire Hathaway annual report
I suggest that you take the time to find out what Buffett meant by that statement, and then come back and tell me if you think they still shouldn't be regulated.
Sorry I still don't think it should be regulated comrade.....
Are Poland, the Czech Republic, Latvia, Estonia and Lithuania now democratic nations?
You will wish they had been regulated when the several hundred trillion dollar derivatives market comes crashing down on our heads.
What do you know about the derivatives market?
No, I don't. But I believe he knows exactly what he's talking about when it comes to OTCs.
You wouldn't cut off trade with those democracies? That's awfully nice of you. So do you admit they are democracies?
but I would put pressure on them to conduct a thorough accounting of all "ex"-Communists, bar them all from government jobs, and jail and/or execute the worst offenders.
And what if they tell you to F--- Off?
Reminds me of a newbie helper once when he was complaining that he did all the work and the crafstman was making twice what he was. I told him it was not my fault he hired in wrong.
Why? Does he use them? Do you even know what they are? Can you give me 2 examples?
Like I said, go study up on the OTC market, and you will realize that it has nothing to do with the free market.
http://www.financialsense.com/editorials/fekete/2006/0824.html
Yeah right, like you support a free market economy..
Toddster, I'm not going to go down these stupid pot-holed roads with you. Make a point, and back it up, or butt out.
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