posted on May, 19 2010 @ 08:12 AM
That'll be interesting.
I can live without naked shorts. If they start going after more traditional types of shorting, I might have to find myself a new line of work. Not my
idea of chuckles and hijinks at this point.
It's kind of disconcerting when you realize something good for humanity might be bad for you personally. Or not really. Never underestimate the human
ability to spin, double-think, and indulge in raw denial. Intelligence or lack thereof has no bearing whatsoever on the matter.
We can make room in our carnivorous ape skulls for the most bizzare moral contradictions imaginable.
So anyway, if I understand this correctly its "the right thing to do." As usual, its a decade late and a couple dozen trillion dollars short. Talk
about locking the aegean stable barn-door after Hercules threw down the broom in disgust.
Where do you think this new euro-regulatory muscle flex will take the planet, assuming its not a fizzle in the pan? If there is one thing Europe is
good at its regulation. I still wake up in a cold sweat thinking about the Sweedish financial nationalization binge of '93. Then again, I am
compelled to admit it worked out well for them (and possibly almost everyone else) in the long run.