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Edited on Tue Nov-16-10 10:30 AM by gmoney
of course, that's not how it works here... "rescue us big banks so we can continue lending money to small businesses and work to keep people in their homes" "Ok, here's your bailout." "Oh, about those promises, well..."
Reward for performance sounds great, and the republics would have a tough time arguing against it, except maybe their standby "uncertainty" complaint.
Not sure having individuals directly investing in the market is feasible, as the brokerages do perform some sort of gatekeeper and administrative functions, and lend some accountability. You're suggesting I send a check to Apple for a few thousand, and they mail me back a stock certificate? That would lead to anarchy, as millions of people who have no idea what they're doing try to buy and sell shares. It would also slow down trading to a crawl, and make the indexes and reporting hugely difficult and unreliable. It would probably open up huge opportunities for scams and corruption. "Yeah, I'm selling shares in Apple-ish Computers! You betcha! Trust me..." The $10/trade fee that discount operations charge is money well spent, I'd say. I'd even argue that it's opened up the markets to individuals who DON'T have huge sums of assets to justify a full-service stockbroker, like in the olden times.
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