SEC warns Wall Str-stop spread false rumr

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SEC warns Wall Str-stop spread false rumr - 7/14/2008 3:37:37 AM

pahunkboy

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Joined: 2/26/2006
From: Central Pennsylvania
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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]

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RE: SEC warns Wall Str-stop spread false rumr - 7/14/2008 3:38:51 AM

pahunkboy

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my spelling just gets better and better. "hing kong" lol

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RE: SEC warns Wall Str-stop spread false rumr - 7/14/2008 3:40:19 AM

Aileen1968

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Joined: 12/12/2007
From: I miss Shore, New Jersey
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Yeah I laughed when I read Hing Kong too. I kinda like that.

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RE: SEC warns Wall Str-stop spread false rumr - 7/14/2008 10:29:32 AM

TieNTeas

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Joined: 11/15/2005
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Hmmm. Is the SEC also going to go after the newspapers that speculate how country X is going to attack country Y that scares traders into selling stocks and driving up the price of oil?

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