Glass-Stegall had less to do with it than most left wing politicians will admit. FOLLOW the MONEY.
The lynchpin that started that whole landslide, and the single piece that could have stopped it started under Carter and became unhinged under Clinton. By unhinging it Clinton created a huge economic boom which eliminated the debt and created a surplus. Problem was that all these accomplishments were done as a bubble, which was seen by a few, but not broadcast by major news carriers. Bush even tried to stop it several times, but bumbling Barney said "there is no bubble" and well, people believed this moron.
From the Conference Call... a SPECIFIC topic...
I would also like to say a few brief comments on the SEC Division of Enforcement’s inquiry, which was voluntarily announced by the Company on July 1st. The inquiry is still ongoing. Investors should not draw any conclusions with respect to the inquiry from any future declaration by the Division of Corporation Finance that the Form S-4 is effective. They are separate events, and investors should treat them as such. As part of the inquiry, the SEC staff has requested documents and communications related to our use of non-GAAP financial measures and hedging strategy. We have been and will continue to fully cooperate with the SEC in this matter. As a reminder, we will not answer any questions regarding the timing or specific details of the SEC inquiry during Q&A.
I'm wondering if they are going to play up the recent weather as a catalyst. The entire area has had some pretty serious winter weather for that part of the country, which could affect performance. Now... If it didn't, look out above, however a miss in Q4 and failure to hit 1.0 could cause a sizable dip.
Johns, one need look no further than a single quote:
"Absolute power corrupts absolutely"
The thing about a market is that even if it does make a bad decision, it can not legislate that problem into law, and does not force you to participate. It can not create environments that force someone into doing something, only "strongly suggest" it. Governments on the other hand can create environments with force, and then use the power of law to keep it in force.
The more power we vote into office, the more corrupt the politicians become. Why? Look above. It is true everywhere. I don't think anyone is stating that there needs to be no regulation, however in reality less regulative power is the lesser of two evils. When you look at the more corrupt governments you will find a common theme, and that theme is too much power in too few hands. No one or thing can keep them from being corrupted, so the human greed factor sets in and viola... Nothing changes until there is a painful and often bloody revolution.
See if the government does not have as much power, the lobbies can not be effective and start to become cost prohibitive. Remember some entity is paying them... When that happens, they start to go away. It makes me giggle inside every time someone argues that there needs to be more power granted to the government to fight this corrosive lobby and politicians stand up spewing how they want to fight the lobbies through granting the political class more power. (read new regulation) People eat that up and vote in earnest, because they fail to understand that is how we got into this position in the first place.
Follow the money my friend. It leads to the source every time.
ugh... I wish people would quit listening to talking heads, then post what they think they heard online as gospel...
The SEC inquiry is not done. Execs put this in the last quarterly. They also said specifically it is separate from the merger.
What the talking heads are saying is the inquiry is "effectively over" since the BRY deal was allowed to move forward. When you break it down, it means that even though the inquiry is still ongoing, they do not believe anything serious is to be found since the merger was allowed without any restatement.
LOL, if you are concerned with your thumb rating, this is the absolute wrong place to be. I got red thumbed for popcorn and beer.... who does that? :)
I'm wondering if management learned from the last bear attack and will "pad" the ratio before raising to make sure that something like Hogshooter will not give them an opening again. I would guess that something around 1.2 or higher before a raise in distribution comes out.
your the one that brought up Churchill downs... BTW, the racing season in LV is shorter than Calgary. Too hot to run the horses in the summer there.
Though I am not a huge fan of linking the two, The location of it looks to be pretty good, and opens the possibility of expanding the casino in the future to offset the costs of the Track, which should be able to at least break even given that Calgary is a large center for equine centered events and is already well known for it's rodeo. (Calgary Stampede)
Another interesting tidbit comes from shortanalytics... There was a lot of LNCO shorted yesterday, and very little LINE. I wonder if the bears are taking another shot at dropping the price of LNCO to affect the vote...
The Company plans to hold a sod turning ceremony on December 4, 2013 in Calgary. The Company anticipates that the REC project will be completed by the end of 2014.