|
pahunkboy -> SEC warns Wall Str-stop spread false rumr (7/14/2008 3:37:37 AM)
|
http://www.nytimes.com/2008/07/14/business/14sec.html?_r=1&oref=slogin
ooooh ahhhhh ohhhh- that will make those hedge fund managers stop!!!
investing IS betting on the value of an asset. Yet- this will do nothing. wall street wants no regulations, and if so then they will take their business to Hing Kong or elsewhere.
voodoo accounting methods where even a skilled accountant cant tell if an asset if properly entered in the balance sheets/ P and L;
so just tell "them" to stop manipulating market risk...
we really should let a few of these firms go broke. short of that- I dont think any reform will occur.
now to those of us on the boards 40ish- the phraze "so it will never happen again" means it wont happen until next time. [that it happens]
|
|
|
|
