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View Full Version : Why does the SEC have to close good programs?


Accountant
July 12th, 2007, 07:42 PM
Isn't it funny how the evil government goes after anyone who tries to make a few bucks and finds a reason to shut them down.

I mean, look what they did to that poor Bill Gates guy in Seatle, he could have made several million dollars at least if the SEC hadn't gone after him. How many thousands of people in the telecommunications industry could have made a nice little nest egg off the companies that were going to connect everyone's computers on some giant, all around the world network?
It goes all the way back to the turn of the century, there was a guy in Detroit, Henry Ford I think his name was...had an idea to use motors on coaches instead of horses, well, that wasn't really his idea, his idea was even better, he was going to make them differently than the way we do things now, he intended to have one guy put on the wheel, another the engine another one after that to put in the seats,,,,,a different guy for every part in the thing, he could have not only made a million bucks, he could have provided HUNDREDS of jobs, too! and just think how much nicer the city would be without the 12 million pounds of horse doo on the streets every day in Chicago alone! Do you have any idea what all the methane is doing to the enviorment? The world is getting colder every year, all because of horse pollution!

MtnGrl
July 12th, 2007, 08:58 PM
I guess I'm just really tired because I don't understand what horse poo has to do with the current poo, but anyway .......

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Isn't it funny how the evil government goes after ...
I had people today trying to convince me the SEC is not government.

Accountant
July 12th, 2007, 09:42 PM
Neither is the Federel Reserve Bank

(actually, that's true, the Bank is not federel the Federal Reserve Board is on the other hand, a distinction that conspriracy crazies just don't understand)

MtnGrl
July 12th, 2007, 10:22 PM
Unfortunately they all seem to "live under the same roof" although they "aren't part of the same family".

Accountant
July 12th, 2007, 10:32 PM
NO that's not true. The Federal Reserve System is one of the most beneficial programs ever developed to make economic life less hazardous to everyday people. Until it was formed the entire economy was at the mercy of several conditions and events that in themselves were relatively small but set off chain reactions that caused depressions and reccessions in almost predictable patterns (every 7 years, give or take, some adverse cycle would wipe out X million people worldwide, go check the numbers, it held the pattern for over 300 years)
The alternative is the Government hainv direct control of the money supply and in the entire history of civilization not one government has done that well, does your current crop of congress whores look like the ones who could break that tradition?
It's very long and drawn out and very hard to explain, I have a PhD in Economics and frankly if you don't I can't even find a good place to start...and I earned my doctorate at an institution of really misguided communists/socialist types, in retrospect I'm glad I got out of there still knowing how to read (honestly it's a good school, one of the finest in the world, but VERY VERY left leaning....)

Accountant
July 12th, 2007, 10:34 PM
I'm also biased in favor of the Fed because in my mispent youth I worked there for two years while I was in Grad School , now that was college I agreed more with their general lean..(Xavier University, Cincinnati, MBA) and since it wasn't in England I even spoke the language.....