The questions from the middle class/middle America are.
> > 1) Is the pressure to keep the dollar from rising mostly aimed at > reducing strain on the big three domestic autos> > until they stabilize? Is this cheaper than direct aid? Easier to hide?
PERHAPS, AT LEAST PARTIALLY. MANUFACTURING INDUSTRY LOBBY SEEKS COMPETITIVE BOOST VIA LOWER DOLLAR EXCHANGE RATE. POLICY SEEMS TO BE INFLUENCED BY THIS.
> > 2) Question for YOUR trader knowledge base. Has naked shorting been > illegal all along? Should the spotlight be turned> > on enforcement? Would new laws or regulations just be ignored as well? > Could the media at least clarify why it continues> > if it is not legal and demand enforcement?
FROM WHAT I UNDERSTAND, YES, IT HAS ALWAYS BEEN ILLEGAL. ENFORCEMENT IS INCREASING, BUT GRUDGINGLY, IT APPEARS.
> > 3) How can brilliant people ( Art L./Dan F.) say we should "don't > worry, be happy" and just buy energy from OPEC because> > they are good at producing and we are good at consuming? Do you buy > your ammunition from people who want to> > kill you just to get a discount? Energy IS ammunition!! No! It is more > important than ammunition.
ALL THINGS BEING EQUAL, IF IT WERE A PURELY COMMERCIAL RELATIONSHIP, DAN F. AND ART L. ARE RIGHT (AND BOONE PICKENS, WRONG) WE SHOULD BE BUYING FROM OPEC FOR THE REASONS THEY SITE. HOWEVER, IT IS NOT PURELY COMMERCIAL: THERE ARE REAL IDEOLOGICAL DIFFERENCES THAT MAKE IT A DANGER TO NATIONAL SECURITY. THAT IS WHAT WE ARE "FUNDING."
> > 4) Most of us off wall street folks could get behind some form of > assistance for financial's if we heard more conversation> > about what would come after. Business as usual? Are the same people > already working on the next scam?> > Many wallstreet indians may be suffering but the chiefs who stole the > apples remain in place, or leave with more than> > enough booty to open up a new scam across the street.> > As for the point of B. Sterns goes down, I will feel it in my middle > class life..... I already do... Commodities went up,> > disrupting my life and business because money fled from financial's. It > had to go somewhere. I had to make dramatic> > adjustments.. Just tell me what will change on wall street and who will > change it.
ASSISTANCE IS NECESSARY BECAUSE OF THE SYSTEMIC RISKS THAT WE NOW FACE. IN THE FUTURE, GREATER REGULATION AND OVERSIGHT SHOULD PREVENT THESE EVENTS OR KEEP THEM TO A MINIMUM. AND, (DARE I SAY THIS), WE SHOULD RETHINK TAX POLICY THAT ENCOURAGES THIS TYPE OF SPECULATIVE EXCESS.
> > > Sorry about the venting... Thanks A. C.
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