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Joined 2 years ago
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Cake day: June 7th, 2023

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  • It’s not semantics when what you’re saying doesn’t make sense and is contradictory to reality.

    Actually, I am not sure what issue you’re even raising because of how poorly you communicated.

    I thought about not responding at all, tbh, but then thought that it’s clear you think there is a some sort of material difference between regulation and law.

    Checking if the illegal thing has been done is often easier than checking if the regulated thing has been done correctly,

    pointedly incorrect. and thats my point that checking the illegal thing is the same thing as checking the regulated thing. but you assert there is some difference.




  • It’s the opposite. Regulation assumes business will do anything they think they can get away with if it will make a buck. A lack of regulation assumes companies won’t do those things.

    People think “regulators” allowed this to happen, but actually as “regulators” are agencies established by the government that act upon law. At the time of the 2008 financial crash there were limited or few laws (i.e. regulations) on derivatives. It’s law makers that refused to act.

    It seems people are largely unaware of the myriad of regulatory changes that came after 2008 and bernie that applied to derivatives and customer/investor protection in general.

    The same set of factors that created 2008 is no longer applicable as the environment has changed. There will surely be new regulatory weaknesses that need to be addressed




  • Securitization is a tool and only part of why the markets collapsed. The reduction of the problem to securitization fails to recognize the bad loans and ineffective ratings given to collateralized securities, and the hidden tranches not disclosed to investors.

    If your mortgage/loan market isn’t fraudulent then you don’t have underlying assets with impossibly high risk. If the ratings agencies properly rate securities then investors know what the risk is. And if the government regulates the issuance of these securities through prospectuses (which they do now) then investors will know what’s in them.



  • Personally, I’m not sure what the point of this statement is. It’s not about whether or not it’s right or wrong. Let’s just for the sake of argument, assume that it’s objectively correct. So what? How is saying this, or identifying generically that some people inevitably have their priorities mixed up, a meaningful contribution to the topic?

    At best it comes across as cynical. And then you’re thinking “it’s not cynical if it’s true”… But we’re all thinking that it’s cynical because it lacks pointed meaning.

    It’s like a teenager got on the Internet, read something, missed the point entirely and instead says “but what about this indirect incorrectness thing that is otherwise unrelated” for no reason other than to be edgy or sound smart.








  • No one really flies a 747 in a modern world because 4 engines are less efficient than 2 engines…and gas is really expensive so it increases your ticket price inordinately compared to a 777 which can hold less people but get those people there cheaper. Think dollar cost per seat.

    You have some 747 cargo jets still which can get away with it due to it still being one of the best for moving a large number of heavy goods.

    Basically…it’s a white elephant. Now they own a depreciating asset that they cant get rid of and has a massive upkeep cost or a high cost of fuel.

    DJT said it’s the DOJ’s…but the DOJ doesnt need a 747. Maybe they can make it into a new AF1. Keep in mind the current AF1 looks like a 747 but it’s really a VC-25 - a military variant.