Republicans and the communist chinese got rid of them!!! who needs regulators when you have billionaires running the system???
Ambuilance chasers and other legal and business parasites, out to make a quick buck at other peoples expense!!! republicans, in other words!!!
Hmmm.... neo #$%$.... Or neo nutso!!! this seems to be a classic case of mental illness being played out in public.... Someone totally wrapped up in his delusions, and spewing them to the public endlessly. its hard to know if this guy is your typical nut case... Or just another right wing republican. the differences between the two are difficult to discern!!!
Gee... The saudis are now doing things the same way that americans have been doing them for 150 years..... producing more and more and more... For ever lower prices.... Adjusted for inflation... Oil used to sell for well over $200 a barrel... But because those americans were so smart, the price dropped to under $ 5 a barrel... And stayed there for decades...and the once vast store of oil and natural gas under american soil has been severely depleted!!! the us has used up over 240 billion barrels of crude and condensate... And got the current equivalent of less than 20 a barrel for the very large majority of it!! really smart, those americans!!! imagine what all that oil and natural gas would be worth today if the federal government had stepped in and demanded that these fuels be produced at a much more rational pace. and imagine how low the federal debt ould be if the federal government had collected a real tax... Say $ 20 to 50 a barrel for all of that oil.... On behalf of the american people... Who used to be the true owners of all that oil and gas and coal... Before rich right wingers stole it all... And used some of their profits from doing so to hijack our government... At all levels... and to turn our governments into moneyaking machines for themselves and their rich right wing buddies!!!
162,500 contracts so far--incredible volumes seem to appear whenever oil price gains some momentum. Very strange, volume probably central coordinated bank actions organized by the Administration. It should be looked into. YEAH... THEY WERE BUYING UP HUGE AMOUNTS OF OIL BACK WHEN BUSH JUNIOR WAS PRESIDENT... WHICH IS WHY THE PRICE OF OIL WENT FROM 10 DOLLARS A BARREL IN LATE 1998 TO ALMOST 150 DOLLARS A BARREL NOT EVEN 9 YEARS LATER.... MUSTLY UNDER JUNIOR!
Unless the world falls apart over the next couple of years, it’ll be another bet that he’s won,” said Meyer Shields, an analyst at Keefe Bruyette & Woods.
It didn’t always look that way. Liabilities on the derivatives ballooned during the financial crisis and contributed to a first-quarter loss in 2009. Moody’s Investors Service and Fitch Ratings cited the contracts when they stripped Berkshire of its top credit grade that year.
The large derivatives book seemed at odds with Buffett’s earlier statements. In 2003, he called them “financial weapons of mass destruction,” a phrase that would later be cited during the credit crisis that forced some of the nation’s largest banks and American International Group Inc. to take government bailouts.
OBVIOUSLY, BUFFET WAS REFERING TO THE POTENTIAL FOR DISASTER WHEN USING DERIVATIVES.... BUT AS IS WELL KNOWN, BUFFET USES DERIVATIVES ON A DAILY BASIS.... AND AT ANY GIVEN TIME, OWNS TENS OF BILLIONS OF DOLLARS WORTH OF THEM! SO... NOW YOU CAN TELL THE WORLD THAT YOU ARGUED WITH WARREN BUFFET, HIMSELF.... AND LOST YET ANOTHER ARGUMENT!!!
Maybe all of those professional economists know something qbout economics that you right wingers do not know... Among other things, they probably know that most derivatives are offset by other derivatives and/or by real assets.... The value of one set of assets goes up, and the value of the derivatives go down... Or vice versa! mostly, these derivatives are hedges designed to reduce business risks. they could lead to catastrophe... But it would not be the derivatives that would be the cause of the economic catastrophe... A derivatives blow up would be the result of a general economic blow up.... A stock or bond market crash caused by right wing republican economic policies, for example!!!
So.... What you are telling everyone is that you have no idea how to trade stocks! Maybe you should put your wal-mart wages into something more secure, like short term us treasury bonds!!! even total idiots can make at least some money by investing in those, and you can even help fund the tax cuts of the billionaires who own all of the gold and silver and the stocks and bonds thereof! those guys know how to make money by ripping off the government and the public... Obviously you do not!