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LegalGround >> Youngstown preventing bank nationalization?


2/21/09 7:19 AM
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StephenL
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When I see the stock market react to nationalization fears, are they warranted?

stephen
2/22/09 1:52 PM
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bflex
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Yes, those fears are warranted. They democrate leadership talking about "getting rid of the stockholders" in various corporations is frightening. They know this shit isn't going to work. That is why they are now talking about 2010 to 2013 for a "turn around." Obama is going to flop hard in his first term. That is why they are already trying to sell a second term of socialism.
2/23/09 12:05 AM
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jbapk
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The stock market reacts to the value of a particular company. Any info that might decrease that value, whether it's going to actually happen or not, is likely to be reflected in a stocks price.

Whether or not that's the only indicator if it's a good idea, whether or not it's the best solution to a bad problem, whether there are better solutions, are another debate.
2/23/09 12:58 PM
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goku
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beautiful baby contest
2/23/09 11:39 PM
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StephenL
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can i hire one of you to defend me? i need to kick my aunt's stock broker in the nuts for buying 20k of citi last year.

stephen
2/24/09 12:35 PM
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bflex
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If she lost in excess of 100k, I'd be interested in representing her in a securities arbitration. If she was seriously fucked by her broker that is.
2/24/09 12:40 PM
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goku
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Edited: 02/24/09 12:40 PM
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can you really win a suit based on investment in the stockmarket that has gone south due to systemic risk
2/24/09 3:36 PM
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bflex
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Goku - Depends. Was the person overconcentrated in one stock or one sector? Did the broker advise an investment strategy with no exit strategy? It is basically a negligence case.
2/24/09 4:36 PM
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StephenL
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That gives me some ideas.

She's 60. Had 1/3 of her portfolio with him in Citi. His reasoning was that, since she didn't have a nest egg, he'd put her in that stock to make up for it with quick gains.

The other 2/3rds is doing OK.
2/24/09 5:49 PM
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goku
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i see...i remember reading about suits against fiduciaries of trusts that fail to diversify investments

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