Comment 28038

By Brandon (registered) | Posted January 05, 2009 at 21:08:53

A Smith,

You've had eight years of American gov't that were firm believers that the gov't was the problem, not the solution. This is a decided advantage that conservatives have over progressives. They get into power, refuse to do anything and when everything goes south, they shrug their shoulders and say "See, gov't is bad!".

How can individuals do their homework if there are no rules in place to frame what they're reading? You can't go to the factory and see what they're building. You can't go to the software company and ask to see their sales records. All you can do is go by what they tell you in their annual reports. Things that they are required to tell you. Who makes those rules? Who enforces those rules?

Are you trying to tell me that only foolish people were caught by Bernie Madoff's investment program? Or that only suckers invested in Enron? If you lie, you can make your Financial Statements say what you want them to say. Who's going to catch the liars if not the gov't? The gov't will never catch them if the people in charge are firmly against the idea of enforcement, which leads us to where we are today.

Or are you suggesting that you're a canny enough investor that, in your spare time, you can figure out what companies are really good and which ones are frauds? If you can do that you'd probably make a lot more money working for the SEC.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds