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Post by soonerlew on Mar 31, 2008 16:06:53 GMT -5
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Post by soonerlew on Mar 31, 2008 16:08:32 GMT -5
timewilltell Ace of Diamonds Re: gossip 3/31/08 « Reply #12 Today at 2:38pm » -------------------------------------------------------------------------------- all i can say is that any change wether we like it or not... has to be an improvement from where we just came from ,... i think it will work out well for us all . the sec and the , dtcc have proven that they cant handle the responsibilties that were presented to them to protect the investing public..... the old saying applies here,...... too many cooks spoil the broth., none the less i thank the lord, that just maybe this will be done , and we can all sit back and rejoice ,.....god bless all who have endured all that pain .and frustration, that we all were succubmed too,.... god bless all shareholders, and, our mgnt , great people all ,.... twt. cmkxgroup.proboards88.com/index.cgi?board=general&action=display&thread=19489
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Post by soonerlew on Mar 31, 2008 16:10:00 GMT -5
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Post by soonerlew on Mar 31, 2008 16:15:14 GMT -5
ocd Diamond Finder and Miner Re: gossip 3/31/08 « Reply #12 Today at 1:27pm » -------------------------------------------------------------------------------- Thanks seagull for that link to cnbc. Here's the paragraph I was referring to... The text of Paulson's speech.... www.cnbc.com/id/23880110"Payment and Settlement Systems" "Payment systems are critically important for overall market stability. On a typical business day, US payment and settlement systems settle transactions valued at over $13 trillion. Every American relies on a payment system in one way or another, everyday. Yet, our government is behind the curve in payment system oversight. I am not intending to raise an alarm. There is no crisis, but we should be proactive and address this issue. In our Blueprint, we recommend the creation of a federal charter for systemically important payment and settlement systems and that these systems should be overseen by the Federal Reserve. This will allow the Federal Reserve to guard the integrity of this vital part of the nation's economy. " IMO, this whole game is about two things. Naked shorting that has occurred over the years which has finally caught up to "them" (thanks to Mr. Maheu) and a naturally occurring market correction which happens to be housing in this scenario. I strongly feel "they" would've used any segment of the market that was getting ready to correct in order for the world to have a bouncing ball to watch. They have wrapped it up nicely and acting like all this is caused by the credit problem borrower in purchasing/refi a home. Fine by me. But to all the CMKXer's out there...we got our ONE paragraph acknowledging a problem is with settlements of trades on a daily basis and the alarm bell has already been rung Mr Paulson. It was when Mr Maheu took you to school because that was when he starting ringing your bell baby! « Last Edit: Today at 1:28pm by ocd » tramp2.proboards88.com/index.cgi?board=general&action=display&thread=4673
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