Socialism?

[BigPapaVol]

Originally Posted by shootermcgavin7

A curious statement. Do you have any data? I'll start with the most recent one....investment banks underwriting mortgage securities were regulated?

Sure they were. Don't pretend that the buyers' weren't regulated and that no regulators exis in conduit markets.

THE problem is that the credit default swap should have been classified as insurance and regulated as such. People biught that the swaps were good enough to qualify shoddily underwritten or shoddy borrowers qualified as investment grade.

Don't exonerate the buyers here. Investment banks were filling orders. Somebody thought the insurance was viable, including FDIC guys evaluating bank investment portfolios.
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[paul1454]

Originally Posted by shootermcgavin7

Paul,

The other two major points in your post are also well-thought out.


Would you prefer a response in the public forum or through PM? I both agree and disagree with points through both of them. Your invoking of moral hazard was particularly nice.

Thanks. A response on here is fine. I would like to hear your insight and I'm sure everyone else would as well.

[volinbham]

Originally Posted by shootermcgavin7

I don't play semantics. I think it is a waste of time and inhibits learning.

I prefer to deal in plain English. However, I am unaware of day-after-day announcements of "market failures" by politicians outside financial and/or energy crises. Hence my curiosity.

This is another example of what I was talking about. I did not say nor imply that there were day-after-day announcements of market failure.


Why make my statement more extreme then deride it?

Originally Posted by shootermcgavin7

Paul,

The other two major points in your post are also well-thought out.


Would you prefer a response in the public forum or through PM? I both agree and disagree with points through both of them. Your invoking of moral hazard was particularly nice.

Originally Posted by paul1454

Thanks. A response on here is fine. I would like to hear your insight and I'm sure everyone else would as well.

This represents the second part of my earlier comment. Why on earth would you not put your views out here? As it stands, your posts read like you are bestowing approval or disapproval of our arguments but rarely make one of your own - instead you offer up "questions" based in part on distortions of our comments. It may be a fun argument technique for you but it doesn't further the discussion.

I'll reiterate that I'd be glad to share my views in response to yours but if you plan to keep distorting my comments without offering any of your own then I'll politely decline.

[OrangeEmpire]

Hi, my name is Volinbham and I am.............

[volinbham]

Listen Mr. Orange man - if all you can do is post pictures then...

[gsvol]