Comments on: Do Regulators Talk to Each Other? (Prime Broker Edition) http://www.nakedcapitalism.com/2007/06/do-regulators-talk-to-each-other-prime.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: unlawflcombatnt http://www.nakedcapitalism.com/2007/06/do-regulators-talk-to-each-other-prime.html#comment-101 unlawflcombatnt Tue, 12 Jun 2007 21:17:00 +0000 http://www.nakedcapitalism.com/2007/06/do-regulators-talk-to-each-other-prime-broker-edition/#comment-101 Thanks for posting this. This is really hard to believe. Though credit and leverage have been extended to record (and dangerous) levels, the SEC wants to enable firms to increase leverage and credit even further. Makes you wonder if the SEC is actively trying to destroy the economy. Or maybe they're just trying to make sure rich investors have made a maximum killing before the economy collapses. <br/><br/>The move by the SEC appears more than ill-advised. It appears avaricious, and borderline criminal. The least egregious interpretation is that they're trying to keep over-leveraged firms from collapsing in the near future (while making such collapse <b>more</b> likely in the future).<br/><br/>This is truly a "faith-based" economy, heading for a "fate-based" collapse.<br/><br/>Thanks again for the heads-up on this. (Is there any chance you could cross-post this at <a HREF="http://www.unlawflcombatnt.proboards84.com" REL="nofollow">my forum</a> as well?)<br/><br/>unlawflcombatnt<br/><br/><a HREF="http://www.unlawflcombatnt.proboards84.com" REL="nofollow">Economic Populist Forum</a> Thanks for posting this. This is really hard to believe. Though credit and leverage have been extended to record (and dangerous) levels, the SEC wants to enable firms to increase leverage and credit even further. Makes you wonder if the SEC is actively trying to destroy the economy. Or maybe they’re just trying to make sure rich investors have made a maximum killing before the economy collapses.

The move by the SEC appears more than ill-advised. It appears avaricious, and borderline criminal. The least egregious interpretation is that they’re trying to keep over-leveraged firms from collapsing in the near future (while making such collapse more likely in the future).

This is truly a “faith-based” economy, heading for a “fate-based” collapse.

Thanks again for the heads-up on this. (Is there any chance you could cross-post this at my forum as well?)

unlawflcombatnt

Economic Populist Forum

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