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#1 |
Snowflake
Join Date: Mar 2006
Location: Dystopia
Posts: 13,136
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now we should feel bad because politics are our fault
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****************** There's a level of facility that everyone needs to accomplish, and from there it's a matter of deciding for yourself how important ultra-facility is to your expression. ... I found, like Joseph Campbell said, if you just follow whatever gives you a little joy or excitement or awe, then you're on the right track. . . . . . . . . . . . . . . . . . . . . . . . . . . Terry Bozzio |
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#2 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
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Breathe, Flint :p
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#3 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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#4 |
maskless: yesterday, today, tomorrow
Join Date: Jan 2009
Posts: 2,162
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regulation, or...
...buyer beware.
In the first, some one else protects you. In the second, 'you' protect you. Best advice: if you got money to gamble away, throw the dice yourself. |
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#5 |
Goon Squad Leader
Join Date: Nov 2004
Location: Seattle
Posts: 27,063
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we have professional standards for medical doctors who are obligated to seek the best for the patient and advise the patient accordingly.
we have professional standards for lawyers who have an obligation to their clients *first*. these are a couple areas where if you're seeking professional advice, you are probably dealing with something serious, or potentially serious. your finances are serious or potentially serious. Why not have similar standards? Let me turn the question around. Explain why it is better for the financial advisers to be permitted to put your interests behind their own? the term snake oil comes to mind. Caveat emptor? Let the market decide? Why have any regulations regarding truth in lending for example? That's just a big fucking hassle. an unnecessary expense. as for widening the problem to everyone, lemme ask you. have you yourself been subject to terrorists violence? Probably not, I hope not. Yet, you have to go through aaaalll the bullshit, with the rest of us, for a chance to reduce risk. Why is this a good idea? Widen the problem to include everyone. That's crap. You don't have to seek the advice, you don't have to fly, you don't have to get sick or arrested. But... when you do. you want the people taking care of you, advising you, to be looking out for you first, don'cha? I do. edited to add: 1--fixed typo 2--wow, serious tailposting, I missed the intervening 20 posts, give or take. this was due to just opening the thread to the most recent unread post, then I posted. then I saw my post and aaaaalll the others I failed to notice on the next page when I readthenposted. oops, sorry.
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Be Just and Fear Not. Last edited by BigV; 04-12-2017 at 10:45 PM. Reason: 'parently, had more to say. |
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#6 |
Snowflake
Join Date: Mar 2006
Location: Dystopia
Posts: 13,136
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no. fuck ut and fuck his bullshit opinion.
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****************** There's a level of facility that everyone needs to accomplish, and from there it's a matter of deciding for yourself how important ultra-facility is to your expression. ... I found, like Joseph Campbell said, if you just follow whatever gives you a little joy or excitement or awe, then you're on the right track. . . . . . . . . . . . . . . . . . . . . . . . . . . Terry Bozzio |
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#7 |
Snowflake
Join Date: Mar 2006
Location: Dystopia
Posts: 13,136
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insufferable, preachy, know-it-all cunt
"my tunnel vision gives me superpowers!"
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****************** There's a level of facility that everyone needs to accomplish, and from there it's a matter of deciding for yourself how important ultra-facility is to your expression. ... I found, like Joseph Campbell said, if you just follow whatever gives you a little joy or excitement or awe, then you're on the right track. . . . . . . . . . . . . . . . . . . . . . . . . . . Terry Bozzio |
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#8 |
I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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The investopedia article does mention a drawback where smaller firms may have to shut down or sell themselves to other firms, due to compliance costs.
Of course, some of those will be doing so due to not being able to scam their customers anymore, so I'll shed no tears for them. But there may well be honest firms that have some problem with the required paperwork. Just being devil's advocate here; I'm fully in favor of implementing the rule. But that's what the Republicans will be referring to when they say the rule will diminish customer choice.
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_________________ |...............| We live in the nick of times. | Len 17, Wid 3 | |_______________| [pics] |
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#9 |
I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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You protect you in both cases. With regulation, it's easier to do so, and you have a mechanism of redress if they cheat you anyways.
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_________________ |...............| We live in the nick of times. | Len 17, Wid 3 | |_______________| [pics] |
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#10 |
maskless: yesterday, today, tomorrow
Join Date: Jan 2009
Posts: 2,162
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"You protect you in both cases."
Difference is: in the first, when some one else is doin' the defending, that some one is usually the one settin' up the paremeters. In the second, you decide. Now, mebbe the other guy has your best interests in mind, mebbe he doesn't. Always, though, you'll have your best interests in mind. I simply think you're a better defender of you than the other guy can ever be. Or, you're supposed to be. # "With regulation, it's easier to do so," Easier is not always preferable. # "and you have a mechanism of redress if they cheat you anyways." Even in an unregulated world you have the option for redress...just have to be willing and able to get dirty, is all. And really, that's what it's about, isn't it? Some folks can get dirty, but too many can't or won't (so nobody gets to). Reminds me of a private back-n-forth I had with Lamp way back, he favoring regulations (of a sort), me advocating for a d.i.y. approach, with my own experiences to back that approach up. He didn't talk to me much after that. |
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#11 | |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Quote:
So it was you, I thought it was me. ![]()
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#12 |
Snowflake
Join Date: Mar 2006
Location: Dystopia
Posts: 13,136
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Nice plan, henry, you just roll up your shirtsleeves and give the guy running your 401k a fat lip?
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****************** There's a level of facility that everyone needs to accomplish, and from there it's a matter of deciding for yourself how important ultra-facility is to your expression. ... I found, like Joseph Campbell said, if you just follow whatever gives you a little joy or excitement or awe, then you're on the right track. . . . . . . . . . . . . . . . . . . . . . . . . . . Terry Bozzio Last edited by Flint; 04-13-2017 at 11:27 AM. |
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#14 |
maskless: yesterday, today, tomorrow
Join Date: Jan 2009
Posts: 2,162
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"No, you still decide in both cases."
No, only in one. |
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#15 |
I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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No, you can still apply your own parameters. In fact, you'll have more information available in order to do so.
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_________________ |...............| We live in the nick of times. | Len 17, Wid 3 | |_______________| [pics] |
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