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View Diary: Hope And Cave: SEC and CFTC Fold on Regulating "Financial Weapons Of Mass Destruction" (145 comments)

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  •  You had a fair and thoughtful post above (0+ / 0-)

    in response to my post, and so I find it strange that you are being so hostile here. The original poster did not provoke you, and you are significantly lowering your stature with these posts. I mean that in a friendly way.

    •  To quote the original poster (1+ / 0-)
      Recommended by:
      KenBee
      If we, as liberals, are proponents of regulation we need to understand that smart regulation is important because dumb or ineffective regulation just plays into the rightwinger "job killing" memes. I suggest reading the original Reuters article to anyone and skipping the click magnet blog drama.
      So yes, the poster both invoked Republican actions as a guide and demeaned the diary.
      •  "click magnet" (0+ / 0-)

        Maybe I went too far with that, but I'm really sick of the knee jerk Obama-bashing and it seemed to me that there is a lot more to say in analyzing what the regulators are trying to do and I think that HuffPo does a lot of emotional manipulation to drive traffic. As other responses have pointed out, derivatives serve lots of different purposes. It is important to get it right in how we regulate them. As for the "lefty buzzwords" comment I can see how that sounds if you don't know me or my politics. But I'm plenty progressive and no centrist. What I am opposed to is surrendering our critical capacities to cliches and buzzwords. It's part of the reason reality-based thought is so rare on the right. With the Lakoffification of the left we're turning into a mirror image of that rather than a reality-based community.

        Passive renunciation is not the whole of wisdom.

        by play jurist on Fri Apr 20, 2012 at 06:34:48 PM PDT

        [ Parent ]

        •  Actually, I think your problem with this is... (0+ / 0-)

          ...that it's a situation where you can't blame the House or the Senate...it's a problem that was created by two entities (the CFTC and the SEC) over which the White House has significant, direct control (along with the Treasury Secretary).

          "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

          by bobswern on Fri Apr 20, 2012 at 08:39:16 PM PDT

          [ Parent ]

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