SEC Chair Gary Gensler To Step Down (axios.com) 58
Gary Gensler will step down as chair of the U.S. Securities & Exchange Commission at noon on Inauguration Day, the agency announced on Thursday. From a report: Gensler has had an aggressive tenure, marked by controversial rulemaking and a combative approach with the cryptocurrency industry.
Re:"The Beating of a Liberal" (Score:4, Insightful)
Your post was boring the first time and netted you no mod points and just a bunch of people berating you. Why would you think posting it again and again would make it any better? If you get off on humiliation just pay a dominatrix to pee on you like a normal person.
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Controlling the narrative (Score:2)
Why would you think posting it again and again would make it any better?
It's an automatic post that gets first position in the thread.
If people make insightful posts that go against his narrative further down, he can add an insightful post with some countervailing opinion to his first entry, mod it up using his alternate accounts, and the original posts have been pushed further down the thread. Sometimes "below the fold", the lower extent of a phone or display, because people rarely scroll the bottom of a thread.
It's an underhanded way to control the narrative and demote opinio
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Why would you think posting it again and again would make it any better?
It's an automatic post that gets first position in the thread. If people make insightful posts that go against his narrative further down, he can add an insightful post with some countervailing opinion to his first entry, mod it up using his alternate accounts [...]
The plan for all auto-troll posts and moderations isn't what they want to make you think it is. It's more sinister than the egalitarian image portrayed for it.
After the August 2011 Slashdot meltdown,
moderation subversion bros were born out of it,
declared to be the means by which people could be freed from tyranny, and promised to avoid any such future meltdowns from happening ever again.
And there you have it folks, the real master plan of moderator games.
"Peer moderation will bring about a worse content mel
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I'll keep dropping off Watchtower pamphlets until that homeowner finally converts!
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Be sure to make they got it, and ask for it back.
Like Melania says every morning... (Score:1)
"You can't work for an asshole."
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"You can't work for an asshole."
I'm guessing she hasn't worked for him since Barron was conceived.
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"You can't work for an asshole."
...unless you're a toilet.
Ponzinomics has taken over (Score:2)
"Ponzishittification" (Score:2)
1929 is coming up to a 100 years now, and we are going to make a huge sequel
...thanks to Ponzishittification of finance!
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That was 1973.
Look up: "The Everything Bubble".
pop.
News for nerds? (Score:2)
This piece isn't even worthy of a "slownewsday" mod - it's downright offtopic. It's not a story for nerds, but rather a story for herds.
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Just words and turds for the birds.
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But have you heard? Bird is the word.
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Really?
The guy who unconstitutionally abused his power to shut down several tech companies by pretending things like earning commissions on videos was "issuing securities"? When it was really about censoring voices that YouTube deplatformed?
The guy who drew thunderous applause when Donald told a Fintech conference he'd fire him on Day One?
Nothing to do with a tech news site?
Really?
Wait, you're not at SEC, are you? Word to the wise if you are: lawyer up. Conspiracy against Rights is going to be heavily pr
Good riddance (Score:1, Troll)
Re:Good riddance (Score:4, Informative)
Thinking all crypto is the devil and if you pretend it doesn't exist, it goes away while doing fuck all about rug pull scams. He literally could not have done a worse job.
He probably could and I'm guessing the next guy will show us how.
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This is brought to you by the minds of a currency which *is* backed by the government being the scam. The entire premise of their belief is false and fuelled by a conspiracy nurtured through a complete lack of understand of basic economics.
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If a whole bunch of global commerce ended up getting transacted using a cryptocurrency as the mechanism and unit of exchange, I don't see why that couldn't also have intrinsic value.
In the national currency case, also, we have to remember that a huge percentage (is it 90% o something) of the total value being used i
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Don't worry, we'll get a new guy with the capability to do a worse job.
If you voted for this you'll probably regret it (Score:2)
They're going to do securities backed by crypto. Like the mortgage backed securities that caused 2008.
If you think the 2008 crash was bad wait until they do it with pretend money and DOGE coin.
Again, if you're dead you win. You get to vote for insane shit and stick it to the libs or whatever and zero consequences.
But I think most of us are going to be around for the conseq
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The labor board, if it continues to exist, will become what all other government agencies are slowly becoming, shills for the corporations and the billionaires that own them. The rest of us don't deserve a voice. If we wanted one, we should have been born rich or lucked our way into wealth like those already at the top.
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And you represent the essence of neo-feudalism where my bank account is the sole determiner of my worth to society and those poor's should just die more efficiently to pave the way for the glorious ubermensch to rule the masses.
I look forward to you being injured or killed due to a corporate action and it is legal to do so because all those pesky regulations were repealed. I look forward to your bank account being drained, scammed away and defrauded, because guess what, no regulations, so it is legal. In ot
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I like having reasonably high interest rates.
That means money I need to be liquid that is sitting in savings accounts actually makes money there, like it did in the older days when Iw as a kid.
I remember it was natural to have home mortgages in the 10% range back in the 70's or so....and people bought and sold houses just fine then.
So, having some interest out there, I don't see anything wrong with that. The problem is, it was ar
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I remember it was natural to have home mortgages in the 10% range back in the 70's or so....and people bought and sold houses just fine then.
Ignoring the fact that wages have been continually suppressed since that time, such that they didn't keep pace with inflation.
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Median wages have overall risen faster than inflation since the late 70s. [americanprogress.org] More specifically, the real inflation-adjusted wages went down from the mid 1970s to 1983, stayed more or less steady during the Reagan-Bush years, went up during the Clinton presidency, went down during Bush 2, back up during Obama and early Trump, swung wildly up and down for Covid, [statista.com] and started to go back u
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Close. It was in the 80s during Reagan's two terms [themortgagereports.com] and Paul Volker went apeshit to bring rates down.You will note that is the ONLY time rates were above 10% in the past 50 years (though still above 10% during the first Bush presidency, but falling).
and people bought and sold houses just fine then.
You mean because Wall Street wasn't buying homes and keeping them off the market to drive up prices and flippe
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That was the late 70s thru the 80s, [stlouisfed.org] and the housing market was sluggish then compared with times with lower rates.
Re:If you voted for this you'll probably regret it (Score:4, Interesting)
Musk literally admitted [marketwatch.com] that Trump's (and his, to whatever capacity Musk has to exert an influence) economic policies will cause a massive market crash. This was made news well before the election, but as usual, Fox [foxbusiness.com] put a positive spin on it and left out the whole "crashing the economy" part. When the market goes to shit, people who get their news from one source will receive exactly what they voted for, and low information voters are in for a rude awakening.
Musk was just being honest vs a politician... (Score:2)
The fact is... I may not be a big Fox news follower, but they weren't necessarily wrong about any of this.
Despite all the economic hardships people have been complaining about suffering over the last few years? You'll note the stock market has done amazingly well. And because of that, they keep making claims of a "strong economy" too.
We've gotten pretty far from Wall Street success equating to automatic Main Street success.
A lot of what Musk has been going on about has been a more libertarian concept, that
The new nominee will be... (Score:4, Funny)
SBF, of course! He's got crypto cred AND experience dealing with the SEC!
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SBF, of course! He's got crypto cred AND experience dealing with the SEC!
Sad thing is that this is probably meant as a joke, but has a high likelihood of something along the same lines actually becoming true.
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That Donald will nominate someone like the #2 donor to the DNC who laundered taxpayer funds through Ukraine back to US politicians?
Really?
Now maybe cz, who blew the whistle on the whole illegal scheme - sure, we need someone who can uncover crimes who's been a victim of lawfare himself as an advisor.
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Any more sex offenders now that Matt Gaetz has withdrawn his name?
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That likelihood did not escape me when I wrote the post.
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I know right! I mean, the Onion bought the parent company of InfoWars! Oh wait, they actually did!
Complying in advance (Score:2)
Re: Complying in advance (Score:2)
The answer is that he is getting the audits no matter what. But hopefully less elite technocrats will have a bit more spine
Agressive to who (Score:1)
Gensler has had an aggressive tenure
Forget the Crypto drama.
Under Ginzlers watch, MANY stocks suffered from very aggressive (and probably illegal) short selling. All reports to the SEC appear to have gone no-where.
This is not just Tesla but lots of other stocks as well, and the SEC appeared not to care at all...
The SEC appeared to have been captured by powerful interests that were able to run amok, so whatever comes next cannot be worse than what we are leaving.
Say what you want about Gensler (Score:2)