Senator Lieberman disagreed, saying Congress must clarify the standard for regulators to enforce. America must not hang a sign on its commodity markets saying, “no speculators allowed,” he said. “There is a difference between speculation and excessive speculation.”Well, art is art, isn't it? Still, on the other hand, water is water! And east is east and west is west and if you take cranberries and stew them like applesauce they taste much more like prunes than rhubarb does. Now, uh... Now you tell me what you know!
-The Times
Senator Lieberman, by the way, was a part of the unanimous Senate majority that said you, America, aren't allowed to gamble on the innertube.
8 comments:
"Take the marriage problem. Take the foreign problem. Take Abyssinia. Say, you take Abyssinia and I'll take a hot fudge sundae on rye bread."
Great catch Monsieur!
Leiberman...putz wanker.
Mike
Well...our betters have to protect us, the roiling masses, from the temptation of sin.
THEIR reckless and corrupt gambling, of course, is merely the blessed workings of the sacred MARKET (pbhin)
I resemble that remark...
“There is a difference between speculation and excessive speculation.”
I wonder who he has in mind to make the distinction.
He's got Joe-mentum!!
Well, let's ponder the problem of who will guard the guardians...or, rather, who will shepherd the wolves. I'm assuming that on January 4 they will toss Joe out of the Democratic caucus so he can go where he's most comfortable, and give back rubs to Cheney and blowjobs to lobbyists. However, assuming the earth stops in its axis, and the R's don't lose the chokehold they have on the Senate, I could see this being another Catch 22...Regulation is bad; in order to prevent excessive speculation, you need either honest, ethical speculators or regulators. Since regulators are bad, you should just assume that speculators will be honest and ethical and moderate in their pilferage. It doesn't take AJ Ayer or Aristotle to shoot that logic down.
I thought speculators provided liquidity and liquidity was a good thing...
A big YAAAYYYY!!! on the new look.
Whoah, Dewd:
AXE and ash, back to back!
What's next: Chicken shack?
("Son of a gun,
Better change your act!")
Hey Now
I read that NYTimes article twice and did not see any mention of buying on margin.
Meanwhile, the Times continues its march towards irrelevancy, proclaiming on its front page today that this will be a NEW Sumer of Love in Ca., with same-sex unions.
Oh well, time to go back to readng about the loss of Big Russ, a blow to our Democracy that we might not be able to recover from.
ronald
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