- Joined
- 2 July 2008
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- 7,102
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- 6
I did not make a representation on behalf of that car dealer.
Famous last words?
- Thread starter Uncle Festivus
- Start date
springhill
Make the drill work for YOU
- Joined
- 20 June 2007
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- 11
"You're SURE you turned the electricity off?"
"The best way to start a bonfire is with petrol"
"This is Jeff Jefferson, reporting directly from a fire fight in Iraq, there are bullets lirerally flying over the top off my head......"
"The best way to start a bonfire is with petrol"
"This is Jeff Jefferson, reporting directly from a fire fight in Iraq, there are bullets lirerally flying over the top off my head......"
- Joined
- 14 March 2006
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- 3,630
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- 5
Keating to Hewson
"I'm going to do you, and do you slowly"
And he did!
Well done, Prime Minister!
No wonder Costello will not contest the next election.
You're so macho. A low altitude flyer
http://www.youtube.com/watch?v=aaLLP4sc_6Q&feature=related
Nice!
"I'm going to do you, and do you slowly"
And he did!
Well done, Prime Minister!No wonder Costello will not contest the next election.
You're so macho. A low altitude flyer
http://www.youtube.com/watch?v=aaLLP4sc_6Q&feature=related
Nice!
- Joined
- 17 January 2007
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"On November 12, 1999, President Clinton signed the Gramm-Leach-Bliley Act
(GLB) into law. This landmark legislation does much to unravel the influence of
the Glass-Steagall Act on the United States' financial system. Now banks and
other providers of financial services have far greater freedom to compete
against each other.
No doubt, the legislation will prompt an altering of the financial landscape in this country."
John Krainer, Federal Reserve Bank of San Francisco Economic Review, 2000
(GLB) into law. This landmark legislation does much to unravel the influence of
the Glass-Steagall Act on the United States' financial system. Now banks and
other providers of financial services have far greater freedom to compete
against each other.
No doubt, the legislation will prompt an altering of the financial landscape in this country."
John Krainer, Federal Reserve Bank of San Francisco Economic Review, 2000
Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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- 6,891
What about Bush?
The “New” Math
On April 28, 2004, in a fitting and perhaps flagrant final act of eviscerating prudent regulation, the SEC ruled that investment banks may essentially determine their own net capital. The insanity of that allowance is only surpassed by the fact that the SEC allowed the change because it was simultaneously demanding greater scrutiny of the books and records of what were the holding companies of investment banks and all their affiliates.
The tragedy is that the SEC never used its new powers to examine the banks. The idea was that Consolidated Supervised Entities (CSEs) could use internal models to determine risk and compliance with net capital requirements. In reality, what the investment banks did was essentially re-cast hybrid capital instruments, subordinated debt, deferred tax returns and securities with no ready market into “healthy” capital assets against which they reduced reserve requirements for net capital calculations and increased their leverage to as much as 30:1.
http://www.moneymorning.com/2009/01/13/deregulation-financial-crisis/
"This is an impressive crowd -- the haves and the have mores. Some people call you the elite -- I call you my base." --Bush at the 2000 Al Smith dinner
The “New” Math
On April 28, 2004, in a fitting and perhaps flagrant final act of eviscerating prudent regulation, the SEC ruled that investment banks may essentially determine their own net capital. The insanity of that allowance is only surpassed by the fact that the SEC allowed the change because it was simultaneously demanding greater scrutiny of the books and records of what were the holding companies of investment banks and all their affiliates.
The tragedy is that the SEC never used its new powers to examine the banks. The idea was that Consolidated Supervised Entities (CSEs) could use internal models to determine risk and compliance with net capital requirements. In reality, what the investment banks did was essentially re-cast hybrid capital instruments, subordinated debt, deferred tax returns and securities with no ready market into “healthy” capital assets against which they reduced reserve requirements for net capital calculations and increased their leverage to as much as 30:1.
http://www.moneymorning.com/2009/01/13/deregulation-financial-crisis/
"This is an impressive crowd -- the haves and the have mores. Some people call you the elite -- I call you my base." --Bush at the 2000 Al Smith dinner
- Joined
- 8 May 2009
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- 263
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- 1
There not last words, yet I happen to think its dam funny:
Did you hear that Meg? Guys can marry other guys now. So...this is awkward, but I mean, if they can do that, that is pretty much it for you, isn't it? I mean you as well pack it in. Game over.
Stewie Griffin
Did you hear that Meg? Guys can marry other guys now. So...this is awkward, but I mean, if they can do that, that is pretty much it for you, isn't it? I mean you as well pack it in. Game over.
Stewie Griffin
- Joined
- 6 December 2007
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- 436
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- 0
This rally will run out of steam in a week or two.
A bear in late March...
A bear in late March...
