Help

EnglishTeach > Blogs

EnglishTeach: Blogs

View All EnglishTeach's Blogs | View All Community Blogs

Cox the scapegoat?

EnglishTeach posted on 09/22/08 at 07:51 AM

So, it's looking more and more like Bush, Paulson, et al will place their hands on Cox and send him off into the wilderness to bear the blame?  Any thoughts? 

 

And what is "Extensible Business Reporting Language, or XBRL" ?  

 

The market is down today, but it doesn't look as bad as last week did (at least not yet).

Share This! Report

Posted by EnglishTeach on 09/22/08 at 07:51 AM

Tag It

Comments

User Avatar
User Avatar Brokerage Account

Running_with_scissors

Member since: Nov 06
5 Day 0.00%
15 Day 0.00%
1 Month -14.09%
3 Month -57.55%
6 Month -65.06%
As of: 01/07/09
How is this calculated?
Trades 216
Trade Notes 4
Blog Posts 10

Running_with_scissors
Posted September 22, 2008 (04:16PM)
It seems to me there has been patronage system of corruption. From the person who declared false incomes to get loans, accomplices of real estate sales people, mortgage brokers, banks, rating agencies, insurance companies writing CDS's without sufficient reserves, SEC for increasing leverage levels beyond reasonable, Paulson for misleading the public about the dangers of the finance system, all the way to the top. Now there are also the corporations (non-persons). They take the earnings of labor and direct them to 401K's to pump stocks and then load their junk MBS into money markets. They borrow money from money markets, while the participants in the money market are left with unpriced MBS. So, labor pays too much for housing, and looses their savings to MBS, while corporations used the money and paid piss poor interest. Then labor has to pay higher taxes after loosing their retirement so CEO's can take golden parachutes allowing them to get villas anywhere away from the dispossessed. XBRL is probably an extensible markup language (XML) variant. XML is just a system of tags which surround and mark elements. It is kind of similar to HTML, but XML can be used to make your own system of tags. My hunch is XBRL is an XML system of tags for marking up business reports.
Reply Report
User Avatar
User Avatar Brokerage Account

EnglishTeach

Member since: Mar 06
Trades Not Shared
Trade Notes 0
Blog Posts 62

Age: 40's
UNITED STATES
EnglishTeach
Posted September 23, 2008 (04:18AM)

Am I alone in wondering why Cox chooses a turbulent week to show off this new system?  Surely he didn't think it was enough to divert attention?  Sometimes I wonder if the American public is slowly helping to morph Washington into some form of Hollywood.

Reply Report
The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of TradeKing or its employees. TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. 2007 TradeKing.
The content and stock or option symbols on this page are for educational and informational purposes only and should not be considered a recommendation or solicitation to invest in a particular security or type of security. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. © 2009 TradeKing.
Testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.
Quotes delayed at least 15 mins. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.