Ping Pong Tossing-The Financial Solution

The solutions to are financial problems are in the problems themself.
For Example:
Housing: Democrat mandated quotas led to bad loans and fraudulant loans. To fix Housing: wipe out the housing laws passed in the Clinton and bush adminstrations that set up the fall.
Bank Loans: Banks failure are the result of mixing investments and banking that was born out of the Reagan, Bush, and Clinton Adminstration. Solutions:
1. Rebuild that wall to make sure Banks are Banks and investment firms are investment firms. The investment company act of 1940 created mutual funds.
All of these investment tools like CDO's, investment back mortgages, ETF's, and Hedge funds should have all been regulation of the 1940 act. Most was created during a period in which we did not have a sec chairman. Solution: Bring them all back under the Mutual Fund umbrella and then right special caveat laws of expceptions for each.
2. When the Uptick rule was abolished by he Sec it open up the stock markets to not only profiteers manipulating the market. More importantly it was the sole rule that prevented a three legged manipulation of our markets...not only individual stocks. With Stocks(with out the uptick rule), Options, and Bonds we are vunerable to mass dollar attacks not only by large dollar groups but our enemies. Really its not only our enemies, but our friends too.
There is no secrets when it comes to countries wanting to destroy the Dollar.
The european block countries wants the euro-dollar to replace the dollar. The Chinese all but openly verbally attacked the Dollar and stated they are trying replace it. Which is kind of strange since the european block countries were largely the market for the cdo's and Hedge(i.e. AIG blackmailing our government for a bailout) and The Chinese are the largest holder of Bonds(2nd leg). So, everybody think of the uptick rule to protect individual stocks when its actual real function was to protect the market for manipulations by large dollars and foreign interests.
Re-instate the uptick rule. Some people state it is not effective because of of stock options. But options are limited in amount. And. Its true on small companies and for a small part large companies options will still allow manipulation(hidden). But it will protect whole sectors and the market itself but being manipulated like it was the summer of Bush jr. last year in office.
P.S. Wasnt Dodd the oversaw the mandates and changes in housing laws that set in action a breakdown of the housing sector. Which brings my second question: Doesnt it disturbs you that he is chairing the financial reforms committee.
Finally, What will pissing in the wind get you....no not a soaked leg...The soon to be US government. Well if you are a freedom loving soul.
Written by a 40%'r member.