Comments on: Waxman weighs in… http://www.footnoted.org/market-meltdown/waxman-weighs-in/ Michelle Leder's guide to what's hiding in SEC filings Fri, 12 Mar 2010 19:07:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: rob http://www.footnoted.org/market-meltdown/waxman-weighs-in/comment-page-1/#comment-6355 rob Thu, 25 Sep 2008 23:50:45 +0000 http://www.footnoted.org/?p=2612#comment-6355 "Adjustment" is a fallacy ... like "0%" capital gains? ... want "confidence", drop the flat model. “Adjustment” is a fallacy …
like “0%” capital gains? …
want “confidence”, drop the flat model.

]]> By: David Sachs http://www.footnoted.org/market-meltdown/waxman-weighs-in/comment-page-1/#comment-6349 David Sachs Thu, 25 Sep 2008 07:12:16 +0000 http://www.footnoted.org/?p=2612#comment-6349 I'm sure Congressman Waxman will be as deeply committed to combating moral hazard when homeowners in his district demand legislation to invalidate or adjust the terms of their mortgage contracts in bankruptcy court. I’m sure Congressman Waxman will be as deeply committed to combating moral hazard when homeowners in his district demand legislation to invalidate or adjust the terms of their mortgage contracts in bankruptcy court.

]]> By: rob http://www.footnoted.org/market-meltdown/waxman-weighs-in/comment-page-1/#comment-6331 rob Wed, 24 Sep 2008 03:42:06 +0000 http://www.footnoted.org/?p=2612#comment-6331 hmm ... http://www.federalreserve.gov/newsevents/testimony/bernanke20080923a1.htm Can those elected be cornered by the "appointed"? hmm … http://www.federalreserve.gov/newsevents/testimony/bernanke20080923a1.htm
Can those elected be cornered by the “appointed”?

]]> By: Tommy Redcloud http://www.footnoted.org/market-meltdown/waxman-weighs-in/comment-page-1/#comment-6328 Tommy Redcloud Tue, 23 Sep 2008 18:42:24 +0000 http://www.footnoted.org/?p=2612#comment-6328 The only viable solution would be to make the seizure of the private assets of the current and prior CEOs & boards of any company seeking relief as a condition of any bailout. No board would agree of course, but the current scheme screws-over both shareholders and taxpayers while letting those responsible skate off with their huge bonuses. Anything Congress is going to do will only make a worse mess out of the situation. The only viable solution would be to make the seizure of the private assets of the current and prior CEOs & boards of any company seeking relief as a condition of any bailout. No board would agree of course, but the current scheme screws-over both shareholders and taxpayers while letting those responsible skate off with their huge bonuses.

Anything Congress is going to do will only make a worse mess out of the situation.

]]> By: Stephen Chua http://www.footnoted.org/market-meltdown/waxman-weighs-in/comment-page-1/#comment-6318 Stephen Chua Mon, 22 Sep 2008 23:47:36 +0000 http://www.footnoted.org/?p=2612#comment-6318 What a sweet deal for the financial brokers with this Financial Bailout Package. Looks like the big guys play by their own rules. One side makes a faux pas and "no problem" the league owner gives you more play money from the guys that lost it anyway... From many people around the world's point of view, it's inconceivable - how can we lose money from one hand and get hit on the other. And to rub salt into the wound, we pay through our taxes some more. Makes investing a really one sided affair. Please keep up with the commentary and I dare say it won't end any time soon; not if other parts of the world facing similar fallouts are still grappling with it. What a sweet deal for the financial brokers with this Financial Bailout Package.

Looks like the big guys play by their own rules. One side makes a faux pas and “no problem” the league owner gives you more play money from the guys that lost it anyway…

From many people around the world’s point of view, it’s inconceivable – how can we lose money from one hand and get hit on the other. And to rub salt into the wound, we pay through our taxes some more.

Makes investing a really one sided affair.

Please keep up with the commentary and I dare say it won’t end any time soon; not if other parts of the world facing similar fallouts are still grappling with it.

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