I mean individuals losing a few dollars, hundreds, thousands, ect... sports betting is so bad, but individuals losing thousands, hundreds of thousands, millions, even billions from retirement accounts, college funds, house payments, ect... is A OK. I'm glad the market went up today on such horrible news, and I'm glad that I will not have an anxiety attack anymore visiting the gas station, but the markets are so rigged, and so lie, cheat, and steal casino. It is so obvious, but so legal for me to make as many trades as I want, losing as much money as I want all day long over the internet. Why not just legalize internet sportsbetting, tax the casinos in Vegas (like they can't use extra revenue right now) or wherever, and let me spend my money that I earn legally how I want? Any one else's thoughts?
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To remove first post, remove entire topic.
I mean individuals losing a few dollars, hundreds, thousands, ect... sports betting is so bad, but individuals losing thousands, hundreds of thousands, millions, even billions from retirement accounts, college funds, house payments, ect... is A OK. I'm glad the market went up today on such horrible news, and I'm glad that I will not have an anxiety attack anymore visiting the gas station, but the markets are so rigged, and so lie, cheat, and steal casino. It is so obvious, but so legal for me to make as many trades as I want, losing as much money as I want all day long over the internet. Why not just legalize internet sportsbetting, tax the casinos in Vegas (like they can't use extra revenue right now) or wherever, and let me spend my money that I earn legally how I want? Any one else's thoughts?
What's the difference between Wall Street and a Casino?
a Casino, at least in Nevada, has to be capitalized well enough to pay off any winners unlike AIG, Lehman, Bear, Merrill, ect that were dealing in these "credit default swaps" and "mortage backed bonds" that were nothing but old fashioned "bucket shop" bets which were made illegal by most states 100 years ago. when the likes of Phil Gramm pushed this "economic WMD" thru congress at the end of the Clinton administration, they actually made it ILLEGAL for a state to NOT ALLOW trading in this crap.
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What's the difference between Wall Street and a Casino?
a Casino, at least in Nevada, has to be capitalized well enough to pay off any winners unlike AIG, Lehman, Bear, Merrill, ect that were dealing in these "credit default swaps" and "mortage backed bonds" that were nothing but old fashioned "bucket shop" bets which were made illegal by most states 100 years ago. when the likes of Phil Gramm pushed this "economic WMD" thru congress at the end of the Clinton administration, they actually made it ILLEGAL for a state to NOT ALLOW trading in this crap.
40 to 1 leverage to the banks was petitioned to the SEC several times, 2000 and 2004, for instance, but 40 to 1 was only finally allowed by the SEC when it was under the direction of Bush appointee SEC chairman Christopher Cox in 2004. States with the most lax corporate laws draw the most corporate money because greedy CEO's love states with the most lax laws (and hate states with the most stringent corporate laws), and those states prosper from their lax laws. I'm sure the states with the most lax laws get the most political contributions, as well, from those corporations setting up in those states. When Clinton left in 2000, we didn't have 40 to 1. We had a federal budget surplus, not a record federal budget shortfalls like we have now. Sports betting is an even playing field, for the most part, if me and a millionare bet on the same sportting event niether side really has an unfair advantage, but all the advantages (lack of disclosure, lack of accountability, ect...) in the stock market are tilted towards the biggest money (even legal happenings like preferred stocks for the big money individuals, not just the common stock for the little people). Again, I can't bet sports, but I can gamble all day long over the internet to Wallstreet. On a small note, since this is a gambling forum, anyone in here should be outaged by the Bush/Republican led passage, and only after the most recent elections were finalized, does Bush Jr. launch yet another attack on the personal freedoms of Americans. Just in the past month UIGEA (not to say the UIGEA is the most important debacle in the context of all of the other catastrophes that the captain of the Titanic has pulled) was finalized. Kind of a dirty Republican trick all the way around, then Bush waits until after the elections to come up with the most recent crap (UIGEA, ect...) that he has pulled on the American people.
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40 to 1 leverage to the banks was petitioned to the SEC several times, 2000 and 2004, for instance, but 40 to 1 was only finally allowed by the SEC when it was under the direction of Bush appointee SEC chairman Christopher Cox in 2004. States with the most lax corporate laws draw the most corporate money because greedy CEO's love states with the most lax laws (and hate states with the most stringent corporate laws), and those states prosper from their lax laws. I'm sure the states with the most lax laws get the most political contributions, as well, from those corporations setting up in those states. When Clinton left in 2000, we didn't have 40 to 1. We had a federal budget surplus, not a record federal budget shortfalls like we have now. Sports betting is an even playing field, for the most part, if me and a millionare bet on the same sportting event niether side really has an unfair advantage, but all the advantages (lack of disclosure, lack of accountability, ect...) in the stock market are tilted towards the biggest money (even legal happenings like preferred stocks for the big money individuals, not just the common stock for the little people). Again, I can't bet sports, but I can gamble all day long over the internet to Wallstreet. On a small note, since this is a gambling forum, anyone in here should be outaged by the Bush/Republican led passage, and only after the most recent elections were finalized, does Bush Jr. launch yet another attack on the personal freedoms of Americans. Just in the past month UIGEA (not to say the UIGEA is the most important debacle in the context of all of the other catastrophes that the captain of the Titanic has pulled) was finalized. Kind of a dirty Republican trick all the way around, then Bush waits until after the elections to come up with the most recent crap (UIGEA, ect...) that he has pulled on the American people.
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