If it's legal, is it cheating?

[BlueStreak]

Originally Posted by bhunter

People actually still speak like that in Virginia? I have not heard the N word uttered here, other than by AAs, in a decade or more. I must be overly isolated here in the People's Republic of California.

You have GOT to be joking.

No, BH. They're all saintly and proper gentlemen, here in the south. Why who has ever heard of such a thing as bigotry in the Old Dominion? Mercy me, such notions are just plain crazy!!!

I will grant you that since I moved here in 1986, it has faded considerably. The younger generation here in S.E. Virginia doesn't seem to care about race much at all. (The older generation, my generation, is horrible.) It's now worse in my Ohio hometown than it is here. But, then, those isolated podunks still think it's 1958. And, they've managed to keep "undesirables" out, to a very large degree. Not that it's done them any good, the place is still a high unemployment, meth-lab ridden shithole. But it's okay, 'cuz they're all church goin' caucasian country folk.......well, on the surface anyhow.

Regards,
Dave

[BlueStreak]

Originally Posted by ebacon

The example I provided is called a REPO contract. Supposedly the arrangement has legitimate uses but, as the example shows, it is also subject to abuse.

My understanding is that Goldman Sachs sold REPOs to Greece that enabled their government to cook their books and get in the mess they are in. REPOs were also abused by corporations in ways similar to my example.

Here is more info on wiki:

http://en.wikipedia.org/wiki/Repo_105
http://en.wikipedia.org/wiki/Repurchase_agreement

The bottom line is watch out for deregulation. You just might get it.

We hear about "unintended consequences" in regulation from the right. It would appear that unintended consequence arising from deregulation is best kept under the rug with those guys.

Dave

[piece-itpete]

Originally Posted by ebacon

What are you talking about with regard to deductions?

And what if you invested in Company A and lost your money. Would you feel cheated?

The cold (and correct) answer is, I took the chance when I invested my money and events proved it was a bad choice. It doesn't matter how I feel, wouldn't change a thing.

Pete

[ebacon]

Originally Posted by piece-itpete

The cold (and correct) answer is, I took the chance when I invested my money and events proved it was a bad choice. It doesn't matter how I feel, wouldn't change a thing.

Pete

That's BS and you know it. If you did research prior to buying and trusted the books, you would be livid if you later discovered the books were cooked.

The stupid shit people say just to save face. Jesus age christ.

[piece-itpete]

Cooked books are illegal.

How old was Christ at Jesus's age?

Pete

[ebacon]

Originally Posted by piece-itpete

Cooked books are illegal.

How old was Christ at Jesus's age?

Pete

No, cooked books are not illegal. Deregulation took care of that. That's the point of this thread.

[piece-itpete]

I thought we were discussing the tax code originally and taking what deductions you can being unethical. As far as regulating derivitives etc maybe that could / should have been done by now.

Pete

[ebacon]

Originally Posted by piece-itpete

I thought we were discussing the tax code originally and taking what deductions you can being unethical. As far as regulating derivitives etc maybe that could / should have been done by now.

Pete

Earth to Pete. Earth to Pete. Come in please.

[piece-itpete]

A) what does it have to do with deductions; and

B) why aren't derivitives regulated?

Pete

[ebacon]

Originally Posted by piece-itpete

A) what does it have to do with deductions; and

B) why aren't derivitives regulated?

Pete

Pete,

You are off in la-la land.

This thread is about REPO contracts.

As for what that has to do with deductions, not a thing. And as for why derivatives aren't regulated, look up a lady named Brooksley Born and who shut her down. But yet again, what do derivatives have to do with REPO contracts? Not a thingthing.

Where are you coming from, mang? If you don't understand this stuff then just say so and I'll slow down. But for FFS don't fake it and just end up making a mess.