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#307524 - 07/18/18 11:37 AM Re: Round Table For July 2018 [Re: pondering_it_all]
pdx rick Offline
Member
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Registered: 05/09/05
Posts: 41844
Loc: Puget Sound, WA
Originally Posted By: pondering_it_all
Trump keeps claiming "No Colusion" but I don't think he knows what that word means. When you tell somebody to commit a crime, and they do the next day, that's collusion. When your people tell criminals to release stolen information on a certain day for maximum effect, and they do, that's collusion. When you send people to a meeting with criminals to obtain stolen data, that's collusion.

Donald J Trump is simply not a very bright man. He's just not. Hmm
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#307525 - 07/18/18 02:28 PM Re: Round Table For July 2018 [Re: pdx rick]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 17116
Originally Posted By: pdx rick
Originally Posted By: pondering_it_all
Trump keeps claiming "No Colusion" but I don't think he knows what that word means. When you tell somebody to commit a crime, and they do the next day, that's collusion. When your people tell criminals to release stolen information on a certain day for maximum effect, and they do, that's collusion. When you send people to a meeting with criminals to obtain stolen data, that's collusion.

Donald J Trump is simply not a very bright man. He's just not. Hmm
and that is why he is so perfect for his voters.
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A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#307526 - 07/18/18 03:32 PM Re: Round Table For July 2018 [Re: NW Ponderer]
chunkstyle Offline
member

Registered: 10/02/07
Posts: 1766
Originally Posted By: NW Ponderer
Originally Posted By: pdx rick
Originally Posted By: pondering_it_all
Trump keeps claiming "No Colusion" but I don't think he knows what that word means. When you tell somebody to commit a crime, and they do the next day, that's collusion. When your people tell criminals to release stolen information on a certain day for maximum effect, and they do, that's collusion. When you send people to a meeting with criminals to obtain stolen data, that's collusion.

Donald J Trump is simply not a very bright man. He's just not. Hmm
and that is why he is so perfect for his voters.


Many of which were the democratic base a few cycles ago.....

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#307597 - 07/22/18 01:17 AM Re: Round Table For July 2018 [Re: Greger]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9478
Loc: One of the Mexicos
Did you know that the SEC does not allow people with less than a million dollars in assets to invest in “unregistered” securities? Meaning small businesses who have not jumped through the Gordian knot of SEC regulations?

I am currently soliciting investors in my biochar business, and I can only offer the opportunity to millionaires.
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#307598 - 07/22/18 03:59 AM Re: Round Table For July 2018 [Re: Greger]
Jeffery J. Haas Offline

It's the Despair Quotient!
Pooh-Bah

Registered: 08/03/04
Posts: 14343
Loc: Whittier, California
That's one regulation I daresay we could do without.
Is there a reason why?
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#307600 - 07/22/18 12:10 PM Re: Round Table For July 2018 [Re: Jeffery J. Haas]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9478
Loc: One of the Mexicos
I don’t know if it was original to the Securities Exchange Act in 1934, but its intention is to protect “little people” from making investment mistakes because of their supposed lack of knowledge and experience. The fact that it based soley on how much money a person has, as the indicator of financial intelligence and responsibility, I find to be a bit offensive and wrongheaded, though.
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#307601 - 07/22/18 03:56 PM Re: Round Table For July 2018 [Re: Greger]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 17116
While I don't disagree with the offense taken, I think it was more about who could "afford to take the risk".

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#307604 - 07/22/18 06:11 PM Re: Round Table For July 2018 [Re: Greger]
pondering_it_all Offline
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Registered: 02/27/06
Posts: 8791
Loc: North San Diego County
The idea is that a high-risk venture should not be an investment for a person who can't afford to lose it when the little company tanks. Of course, brokers let pretty much anyone trade options. Some of them are actually more conservative than owning the underlying stock, but some are way more risky.

There are all kinds of schemes that can get you past angel-status. For example, buy a bankrupt company that has registered to sell stock.

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#307611 - 07/22/18 11:45 PM Re: Round Table For July 2018 [Re: NW Ponderer]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9478
Loc: One of the Mexicos
The regulation is rather explicit about having the savvy to make the investment.

I think there is a need to provide some regulation on investment solicitation, but to exclude all but millionaires from making even $10 investments in unregulated securities, while allowing low wage workers to buy cars on credit, and to take out "payday" loans with mind-blowing interest rates, implies a complete lack of sense and integrity of intent.
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You can’t solve a problem without first understanding what the problem is.

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#307612 - 07/22/18 11:47 PM Re: Round Table For July 2018 [Re: pondering_it_all]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9478
Loc: One of the Mexicos
Originally Posted By: pondering_it_all
The idea is that a high-risk venture should not be an investment for a person who can't afford to lose it when the little company tanks.

Why the assumption that it would be high risk? The regs do not regulate risk.
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