The Anti-Regulators are the Job Killers

[Allan from Fallbrook]

[quote=ucodegen]1) I think the OP is trolling in this case. The account name was created just to post this.
[/quote]

Uco: This OP is the same as “BigGovernmentIsGood”, just using a different moniker.

Typical Leftist rubbish, and I wouldn’t be surprised if this poster is paid to hit sites like this and post this nonsense.

You’ll note that, like “BigGubment”, he/she won’t get drawn into any sort of discussion where they have to use facts to support their “argument”. Nope, its hit-and-run, or if they do respond, its with ad hominem.

This is Alinsky 101 at work.

[Anonymous]

You guys get the Sherlock Holmes award.

Allan,

Our friend BGIG/ILR is more of an internet phenomenon than a political one.

They are called trolls. They’ve been around for about thirty years, and have evolved into various sub-species. Some more sophisticated than others. Many folks find them to be a nuisance, but the trolls have their place in the internet ecosystem. They often add value to discussions in unique ways.

Just a bit o’ sport is all.

[Anonymous]

You guys get the Sherlock Holmes award.

Allan,

Our friend BGIG/ILR is more of an internet phenomenon than a political one.

They are called trolls. They’ve been around for about thirty years, and have evolved into various sub-species. Some more sophisticated than others. Many folks find them to be a nuisance, but the trolls have their place in the internet ecosystem. They often add value to discussions in unique ways.

Just a bit o’ sport is all.

[Anonymous]

You guys get the Sherlock Holmes award.

Allan,

Our friend BGIG/ILR is more of an internet phenomenon than a political one.

They are called trolls. They’ve been around for about thirty years, and have evolved into various sub-species. Some more sophisticated than others. Many folks find them to be a nuisance, but the trolls have their place in the internet ecosystem. They often add value to discussions in unique ways.

Just a bit o’ sport is all.

[Anonymous]

You guys get the Sherlock Holmes award.

Allan,

Our friend BGIG/ILR is more of an internet phenomenon than a political one.

They are called trolls. They’ve been around for about thirty years, and have evolved into various sub-species. Some more sophisticated than others. Many folks find them to be a nuisance, but the trolls have their place in the internet ecosystem. They often add value to discussions in unique ways.

Just a bit o’ sport is all.

[Anonymous]

You guys get the Sherlock Holmes award.

Allan,

Our friend BGIG/ILR is more of an internet phenomenon than a political one.

They are called trolls. They’ve been around for about thirty years, and have evolved into various sub-species. Some more sophisticated than others. Many folks find them to be a nuisance, but the trolls have their place in the internet ecosystem. They often add value to discussions in unique ways.

Just a bit o’ sport is all.

[Arraya]

[quote=ucodegen]

The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.

You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).[/quote]

Actually it is way more simple than that. Financial bubbles have been around since the middle ages. It is by no means a new socio-economic phenomena and has been very very well understood for a long time. Collective madness finds a way – combined with the information age, financialization of everything and mass media it can be a killer, literally. Understanding herd mentality, coupled with influence over media and politics you can sway investors from one asset class to the next pumping and dumping the whole time.

From the 19th century

Extraordinary Popular Delusions & the Madness of Crowds

[Arraya]

[quote=ucodegen]

The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.

You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).[/quote]

Actually it is way more simple than that. Financial bubbles have been around since the middle ages. It is by no means a new socio-economic phenomena and has been very very well understood for a long time. Collective madness finds a way – combined with the information age, financialization of everything and mass media it can be a killer, literally. Understanding herd mentality, coupled with influence over media and politics you can sway investors from one asset class to the next pumping and dumping the whole time.

From the 19th century

Extraordinary Popular Delusions & the Madness of Crowds

[Arraya]

[quote=ucodegen]

The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.

You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).[/quote]

Actually it is way more simple than that. Financial bubbles have been around since the middle ages. It is by no means a new socio-economic phenomena and has been very very well understood for a long time. Collective madness finds a way – combined with the information age, financialization of everything and mass media it can be a killer, literally. Understanding herd mentality, coupled with influence over media and politics you can sway investors from one asset class to the next pumping and dumping the whole time.

From the 19th century

Extraordinary Popular Delusions & the Madness of Crowds

[Arraya]

[quote=ucodegen]

The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.

You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).[/quote]

Actually it is way more simple than that. Financial bubbles have been around since the middle ages. It is by no means a new socio-economic phenomena and has been very very well understood for a long time. Collective madness finds a way – combined with the information age, financialization of everything and mass media it can be a killer, literally. Understanding herd mentality, coupled with influence over media and politics you can sway investors from one asset class to the next pumping and dumping the whole time.

From the 19th century

Extraordinary Popular Delusions & the Madness of Crowds

[Arraya]

[quote=ucodegen]

The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.

You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).[/quote]

Actually it is way more simple than that. Financial bubbles have been around since the middle ages. It is by no means a new socio-economic phenomena and has been very very well understood for a long time. Collective madness finds a way – combined with the information age, financialization of everything and mass media it can be a killer, literally. Understanding herd mentality, coupled with influence over media and politics you can sway investors from one asset class to the next pumping and dumping the whole time.

From the 19th century

Extraordinary Popular Delusions & the Madness of Crowds

[ILoveRegulation]

[quote=ucodegen]1) I think the OP is trolling in this case. The account name was created just to post this.[/quote]

The article was posted yesterday and my account was created before that. Further, Bill Black is probably the foremost authority on effective banking regulation. So your theory about this being a troll is way off.

American needs effective, sensible regulation to have any hope of crawling out of this deep hole the anti-regulators have put us in.

[ILoveRegulation]

[quote=ucodegen]1) I think the OP is trolling in this case. The account name was created just to post this.[/quote]

The article was posted yesterday and my account was created before that. Further, Bill Black is probably the foremost authority on effective banking regulation. So your theory about this being a troll is way off.

American needs effective, sensible regulation to have any hope of crawling out of this deep hole the anti-regulators have put us in.

[ILoveRegulation]

[quote=ucodegen]1) I think the OP is trolling in this case. The account name was created just to post this.[/quote]

The article was posted yesterday and my account was created before that. Further, Bill Black is probably the foremost authority on effective banking regulation. So your theory about this being a troll is way off.

American needs effective, sensible regulation to have any hope of crawling out of this deep hole the anti-regulators have put us in.

[ILoveRegulation]

[quote=ucodegen]1) I think the OP is trolling in this case. The account name was created just to post this.[/quote]

The article was posted yesterday and my account was created before that. Further, Bill Black is probably the foremost authority on effective banking regulation. So your theory about this being a troll is way off.

American needs effective, sensible regulation to have any hope of crawling out of this deep hole the anti-regulators have put us in.

[Author]

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