Posted on 09/20/2011 7:04:43 AM PDT by JesseWatters
"In my own business, securities regulations have prohibited me from hiring brokers for more than three years. I was even fined fifteen thousand dollar expressly for hiring too many brokers in 2008. In the process I incurred more than $500,000 in legal bills to mitigate a more severe regulatory outcome as a result of hiring too many workers. I have also been prohibited from opening up additional offices. I had a major expansion plan that would have resulted in my creating hundreds of additional jobs. Regulations have forced me to put those jobs on hold. In addition, the added cost of security regulations have forced me to create an offshore brokerage firm to handle foreign accounts that are now too expensive to handle from the United States. Revenue and jobs that would have been created in the U.S. are now being created abroad instead. In addition, I am moving several asset management jobs from Newport Beach, California to Singapore."
(Excerpt) Read more at nation.foxnews.com ...
The effecient allocation of capital was the engine of America’s market economy; an economy that created more wealth and more freedom than any other in history.
excellent point
Geez...I must have missed the memo that it was pile on brownsfan day
Ya’ guys are brutal :^)
*** Please ... don’t confuse brownsfan with real world facts. His preconceived notions and trite little sterotypes are what makes what he does to earn a living better than what the scumbags do.
/sarc off ***
No need for the sarcasm tag... what I do IS more important than what they do. :)
Brokers find homes for excess goods.
Wash your mouth out with soap.
By this definition, one would not call a Doctor, Dentist, or auto machanics a "worker" because they don't "make" anything. In fact, they just move around and occasionally poke or prod at people/vehicles with tools.
“Geez...I must have missed the memo that it was pile on brownsfan day”
You give snark, you get snark, I can take it. Even though some of them seem to thing going personal is the way to prove a point.
>>>What we need at FR is a variant on Godwin’s Law. Brownsfan’s Law:
>>>The first one to call another freeper any of the above loses credibility.
Your opening post in the tread is evidence that you’re not qualified to judge others on your own “Law”.
*** Your opening post in the tread is evidence that you’re not qualified to judge others on your own “Law”. ***
Really? That’s all you have?
My post conforms and calls no one a union member, government worker, or a DU escapee.
Here’s a site for you:
Sorry Eric ... Browns fans aren't familiar with soap.
... brownsfan, sorry - couldn't resist ... congrats on getting McCoy and thanks for putting another hickey on Indy yesterday
bkmk
So
#1) What is a worker?
#2) When were you a broker?
Not the biggest Schiff fan here, but his testimony was awesome.
What strikes me is that the 3 minutes (or whatever it is) allocated for discussion of various points....it doesn’t matter if it’s Barry Bonds on steroids (which I imagine is important to some folks but objectively does not affect them one iota) versus banking rules and regulations that affect *everyone*...for years...and the same blithering idiots are in charge of both.
Folks, Don’t get into it with this arse-portal ‘brownsfan’.
When you argue with an idiot, people don’t know who’s who.
He’s made his idiocy self evident.
I’m with you. I am tired of the “self-righteous conservatives” on here who refuse to see any point of view but their own. There are at least two sides to every story - sometimes more. And yet conservatives are always accusing liberals of being intolerant. It doesn’t hurt to get another point of view. You may even learn something.
As a COO of a small regional broadband company, we utilize investment bankers to “broker” capital for expansion.That's because it's a law that if you want to loan YOUR money you have to use a broker...it's called usury.
Investment bankers don't have money. They (by usury law) use small investor's money to loan.
Only a union member would suggest such a thing.
While I completely disagree with you regarding the value of brokers, your comments relative to the deportment of some posters on FR is spot on! From my experiences here, I have found that FR has it’s share of morons who are so imbued with the “correctness” of own positions that when confronted with an idea that goes counter to their thinking, they resort to name calling. I guess in a group that’s as large as FR there are going to be some mental midgets.
So if one wanted to buy or sell a stock you would have that person physically go to the exchange and conduct the transaction themselves?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.