Blogs May 20, 2010 at 5:43 pm

Comments

1
you go Maria.
2
I think she's correct about this, although on Countdown last night they made it sound like she was taking a stand that Glass-Steagall should be re-instituted - I would agree with that as well. The size and sophistication of these entities makes them unmanageable. That was one of the problems, the other being that Henry Paulson is a f'ing crook.
3
Cantwell is awesome. And all the bootlicking dumbshits over at Kos are having cows about it, for their MoveOn overlords decree that they should.
4
She's in good company with Feingold. Pathetic how few Congress critters have even a bit of integrity.
5

RNWK in 2000 when Maria used it to finance her campaign:

$56.75.

RNWK in 2010

$3.71

So here we have Maria Cantwell unloading a lot of overvalued securities on an unsuspecting public, and then 10 years later whining about "reform".

Jailer -- put her in bars!
6
Real has been a turd for ages regardless of Sen. Cantwell's sales or influence on the company before or while in office. Make a product you can't even give away cause it's a POS, yea that's a winner.

Cantwell wants the market to return to something that she (and everyone else) can make money in again, instead of only just the Goldman gangsters and their ilk. Go Go Maria.
7
@5 I think you do not understand the difference between tech stock booms and the derivative market. The two are not the same thing. Maria Cantwell is smart and right to oppose the form of this bill - to make any headway against the weak democrats in the Senate, she has to take a stand at every single point along the way.

The derivatives market should be heavily regulated and widely understood by investors. Unfortunately for the general populace, it is the real shark tank, not stocks", and the big players want to keep it that way.
8

#6.

Thank you, Bernie Madoff...but isn't it lights out time at the State Pen?
9
Reimpose Glass-Steagal and regulate and cap derivatives.

Never forget that the lack of regulation means that TODAY you are at just as much risk of total financial system meltdown as back when Comrade Bush was in power.
10
Will in Seattle, is right. Having derivatives trade on an electronic market is going to have a neglible effect. Some agency has to be the regulator. This week's DOW performance just highlights that the recovery the public paid for has only benefited execs at a few IB firms. If the confidence in the market has evaporated, and why shouldn't it have after the crash of 2:45 EST, how are we headed up?
11
#8.

Of course you're right. I should have realized Maria selling her stock and having it in the dumps *10 years later* is the crime of the century.

My bad.

Please wait...

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