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View Diary: The McCain Plan: "Fewer Regulations, More Corporate Tax Breaks" (367 comments)

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  •  Just SUSPEND Trading on the NYSE (0+ / 0-)

    And other stock exchanges. The stock market keeps bouncing up and down based upon stupid things politicians do and say. The danger is that the stock market crashes because of the uncertainty caused by the politics. It took quite a few years for Repugs to screw up the economy this badly. It might take a while for the Dems to figure out how to fix it.
    Right now they have to stop the bleeding and suspending trading on the NYSE is a good start.  
    Does anything prevent the president from ordering the NYSE to close until further order? The stock exchange spikes and dives based upon irrational psychological reactions to random daily news. Suspend trading instead of suspending debating.
    I'm talking about a real suspension, not the fake suspension McCain has ordered his campaign to follow. McCain hasn’t suspended his campaign at all. And, McCain has stupidly injected presidential politics into the bipartisan negotiations. Who cares if the wacko rightards in the house are on board? Their free market, no regulation economy caused this mess. The country wants them out. Let them float their alternative fascist corporatist legislation. Let them force McCain to reveal his true allegiance to the corporatists  

    •  The exchange has automatic trade stoppages (0+ / 0-)

      http://www.sec.gov/...

      Trading can also be halted during emergencies, as happened on 9/11.  However, creating even less liquidity in financial markets isn't exactly a great solution at the moment.

      Palin/McCain: Building the Suspension Bridge to Nowhere.

      by sproingie on Thu Sep 25, 2008 at 06:15:21 PM PDT

      [ Parent ]

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