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Devoish beats Alstry!

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May 07, 2009 – Comments (6)

To posting a link to this video where Elliot Spitzer answers  Arianna Huffingtons question, "where are the jobs going to come from" by saying "That is what worries me very deeply..."

 http://www.ritholtz.com/blog/2009/05/eliot-spitzer-on-squawk-box/

Like Alstry and Elliot Spitzer, Devoish is also very worried.

Writing in the third person is in respect to Alstry, whose blog among many others, did help Devoish lose less.

6 Comments – Post Your Own

#1) On May 07, 2009 at 3:27 PM, alstry (36.12) wrote:

Then how did you beat Alstry????????????????????????????

Thanks for the link.

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#2) On May 07, 2009 at 3:31 PM, alstry (36.12) wrote:

Sorry, I didn't read very closely.  Now I get it.

Thanks again for the link....I thought it was a great interview as I told Mliu this morning.

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#3) On May 07, 2009 at 3:34 PM, alstry (36.12) wrote:

Now I have hijacked your comments.....












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#4) On May 07, 2009 at 4:02 PM, motleyanimal (85.87) wrote:

Where will the jobs come from?

Easy. There will be many jobs for people once green energy takes off. We will need millions of people to run on treadmills to power all those wind turbines that won't work.

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#5) On May 07, 2009 at 4:47 PM, devoish (98.05) wrote:

motley,

first, we should build great big wheels and attach them to the turbine blade, then in front of the wheel build a door and label it devoish and motley's fitness center. We could sell the opportunity to get inside the wheels and run until fitness is achieved.

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#6) On May 08, 2009 at 6:10 AM, whereaminow (30.26) wrote:

LMFAO!!!!

The Libertarian Federal Reserve!????!!!!!!!!!!  Way to go Spitzer! The Central Planning of the money supply is "Libertarian." What does that make free markets? "Communist?"

Among the Fed’s "functions" are the regulation of:

1. Bank holding companies

2. State-chartered banks

3. Foreign branches of member banks

4. Edge and agreement corporations

5. U.S. state-licensed branches, agencies, and representative offices of foreign banks

6. Nonbanking activities of foreign banks

7. National banks

8. Savings banks

9. Nonbank subsidiaries of bank holding companies

10. Thrift holding companies

11. Financial reporting procedures

12. Accounting policies of banks

13. Business "continuity" in case of economic emergencies

14. Consumer protection laws

15. Securities dealings of banks

16. Information technology used by banks

17. Foreign investment by banks

18. Foreign lending by banks

19. Branch banking

20. Bank mergers and acquisitions

21. Who may own a bank

22. Capital "adequacy standards"

23. Extensions of credit for the purchase of securities

24. Equal opportunity lending

25. Mortgage disclosure information

26. Reserve requirements

27. Electronic funds transfers

28. Interbank liabilities

29. Community Reinvestment Act sub-prime lending demands

30. All international banking operationsConsumer leasing

31. Privacy of consumer financial information

32. Payments on demand deposits"Fair Credit" reporting

33. Transactions between member banks and their affiliates

34. Truth in lending

35. Truth in savings

Oh, and did I mention that the 2008 SEC Rules & Regulations guide is 4,116 pages long?  The SEC must be Libertarian too!!!!

All of this financial market regulation and regimentation was in full force during the Greenspan era. None of it could conceivably be considered to be "libertarian" or "free market" in any way. The Fed is a government central planning agency, period. As such, it is as far away from being a libertarian institution as one can imagine. That’s why the Barney Franks of the political world are staunch Fed defenders whereas "Mr. Libertarian," Congressman Ron Paul, is its fiercest critic.

This is just too funny.  Yeah, the Fed is too Libertarian.  OMG I'm going to die of laughter.  The Left is absolutely intellectually bankrupt.  There is no getting around this.  It just too hilarious.

And I've dealt with the Ayn Rand nonsense (or Ann Rand as Spitzer calls her, since he never read Ayn Rand) before.

David in Qatar

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