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Morning Legal Briefs

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60. Re: Morning Legal Briefs Oct 30, 2012, 23:56 Wowbagger_TIP
 
Beamer wrote on Oct 30, 2012, 23:35:
Traders, not investment bankers. They're different things. That was the whole point of what started this line of conversation.

Investment bankers: deal solely with companies and actual assets. If a company wants to get more liquid they guide a company through selling assets or debts. If a company is too liquid they guide a company through expanding or buying another company. They actually buy and sell things that exist in more than just paper (though debt is just paper, they deal with it by having a company issue it, not telling them to buy it.)

Traders: deal with less tangible assets. They're the guys that buy pork bellies low and sell high, all within fractions of a second.



One of those actually adds value to an economy. The other just keeps turning things around that it never actually owns. One of those was involved in this crisis. The other has nothing to do with it.
They are not the same thing and the term is not interchangeable.
I understand that traders and investment bankers do different things, but the big banks are all investment banks, and they all employed traders to do what they did with the sub-prime securities and derivatives. That's the sense that I'm talking about and why I said it's really picking nits when they all work for the same investment banks. The banks were responsible, even if they had other employees doing more useful and non-fraudulent things.
 
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"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts." -- Bertrand Russell (I think...)
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  1. Oct 29, 10:57 Re: Morning Legal Briefs InBlack
  2. Oct 29, 11:42 Re: Morning Legal Briefs Cutter
  3. Oct 29, 11:48  Re: Morning Legal Briefs Axis
  9. Oct 29, 14:15   removed Cutter
  10. Oct 29, 14:45    Re: Morning Legal Briefs Beamer
  4. Oct 29, 11:52 Re: Morning Legal Briefs Creston
  5. Oct 29, 12:17  Re: Morning Legal Briefs Axis
  7. Oct 29, 13:40   Re: Morning Legal Briefs Bodolza
  44. Oct 30, 09:23    Re: Morning Legal Briefs RollinThundr
  46. Oct 30, 11:14     Re: Morning Legal Briefs Wowbagger_TIP
  47. Oct 30, 12:05      Re: Morning Legal Briefs RollinThundr
  48. Oct 30, 12:43       Re: Morning Legal Briefs Wowbagger_TIP
  49. Oct 30, 12:56        Re: Morning Legal Briefs Mr. Tact
  50. Oct 30, 13:13        Re: Morning Legal Briefs RollinThundr
  52. Oct 30, 16:07         Re: Morning Legal Briefs Wowbagger_TIP
  54. Oct 30, 16:24          Re: Morning Legal Briefs RollinThundr
  55. Oct 30, 17:55           Re: Morning Legal Briefs Wowbagger_TIP
  58. Oct 30, 22:04            Re: Morning Legal Briefs Bet
  14. Oct 29, 16:16   removed eDave
  15. Oct 29, 16:25    Re: Morning Legal Briefs Axis
  16. Oct 29, 16:47     Re: Morning Legal Briefs Wowbagger_TIP
  17. Oct 29, 16:59      Re: Morning Legal Briefs Axis
  22. Oct 29, 18:44       Re: Morning Legal Briefs Wowbagger_TIP
  24. Oct 29, 19:08        Re: Morning Legal Briefs Prez
  25. Oct 29, 19:46         Re: Morning Legal Briefs Orogogus
  18. Oct 29, 17:00      Re: Morning Legal Briefs Bodolza
  19. Oct 29, 17:15       Re: Morning Legal Briefs Axis
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  23. Oct 29, 18:45       Re: Morning Legal Briefs Wowbagger_TIP
  26. Oct 29, 19:52     Re: Morning Legal Briefs Mordecai Walfish
  27. Oct 29, 20:40      Re: Morning Legal Briefs Beamer
  28. Oct 29, 22:24       Re: Morning Legal Briefs Wowbagger_TIP
  31. Oct 29, 22:30        Re: Morning Legal Briefs Beamer
  35. Oct 29, 23:23         Re: Morning Legal Briefs Wowbagger_TIP
  36. Oct 29, 23:55          Re: Morning Legal Briefs Beamer
  37. Oct 30, 00:32           Re: Morning Legal Briefs Wowbagger_TIP
  30. Oct 29, 22:28      Re: Morning Legal Briefs jdreyer
  32. Oct 29, 22:31       Re: Morning Legal Briefs nin
  33. Oct 29, 22:48        Re: Morning Legal Briefs Beamer
  34. Oct 29, 23:09        Re: Morning Legal Briefs Prez
  39. Oct 30, 01:14        Re: Morning Legal Briefs mag
  41. Oct 30, 03:16         Re: Morning Legal Briefs jdreyer
  42. Oct 30, 08:46         Re: Morning Legal Briefs nin
  29. Oct 29, 22:26   Re: Morning Legal Briefs jdreyer
  6. Oct 29, 13:13  Re: Morning Legal Briefs Agent.X7
  8. Oct 29, 14:14 Re: Morning Legal Briefs Mr. Tact
  11. Oct 29, 15:07  Re: Morning Legal Briefs Creston
  12. Oct 29, 15:35   removed Axis
  13. Oct 29, 15:41 Re: Morning Legal Briefs Cutter
  21. Oct 29, 17:41 Re: Morning Legal Briefs NegaDeath
  40. Oct 30, 02:20  Re: Morning Legal Briefs Bet
  38. Oct 30, 00:59 Re: Morning Legal Briefs Mr. Tact
  43. Oct 30, 08:52  Re: Morning Legal Briefs Beamer
  45. Oct 30, 09:39   Re: Morning Legal Briefs Mr. Tact
  51. Oct 30, 15:51    Re: Morning Legal Briefs Beamer
  53. Oct 30, 16:07     Re: Morning Legal Briefs Wowbagger_TIP
  56. Oct 30, 18:35      Re: Morning Legal Briefs Beamer
  57. Oct 30, 18:49       Re: Morning Legal Briefs Wowbagger_TIP
  59. Oct 30, 23:35        Re: Morning Legal Briefs Beamer
>> 60. Oct 30, 23:56         Re: Morning Legal Briefs Wowbagger_TIP


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