The Mudcat Café TM
Thread #82028   Message #2552589
Posted By: Sawzaw
30-Jan-09 - 01:19 AM
Thread Name: BS: Popular views of the Bush Administration
Subject: RE: BS: Popular views of the Bush Administration
I see.

World leaders are not credible But the babbling you post here from Pinkola Estes and some old bastard that thinks America's oil supply has been cut off and some one horse town in Vermont decides is credible.

And you say I am in the dark. I think you must have been implanted with "various misleading data"
"the last administration abolished the uptick rule"

If the uptick rule is so essential, why hasn't the new administration restored it?

On September 18, 2008, Republican presidential candidate and Senator John McCain said that the SEC allowed short-selling to turn "our markets into a casino." Sen. McCain criticized the SEC and its Chairman for eliminating the uptick rule.

    September 19, 2008 CEDAR RAPIDS, Iowa - Republican John McCain, buffeted by criticism about his response to Wall Street's financial problems, said yesterday he would fire the SEC chairman and create a special trust to help strengthen weak institutions.

In all but calling for the firing of Securities and Exchange Commission Chairman Christopher Cox, McCain turned on a fellow Republican and former 17-year House member who served on committees overseeing investor protection and U.S. capital markets.

Speaking at a rally in an airplane hangar in Cedar Rapids, McCain said the SEC, the primary regulator of Wall Street, had let "speculators and hedge funds turn our markets into a casino."

"The chairman of the SEC serves at the appointment of the president and, in my view, has betrayed the public trust," McCain said. "If I were president today, I would fire him."

It's not the first time the head of the SEC has drawn McCain's fire. Six years ago McCain called for the firing of Harvey Pitt, Bush's first SEC chairman, after accounting scandals at Enron Corp. and WorldCom Inc. Pitt announced his resignation four months later. Yesterday, Pitt called McCain's remarks "a lot of sound and fury."


So where is the great fixer Obama on this?