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Hey, its a job generating program, as well as keeping lots of lawyers happy. As
you know
got to keep the US economy going........ Don't talk of rationality these
days,just look at this long lifed bubble still going on and on and on and on...
The following is a conversation posted in another list.
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I just can't believe the mania in internet stocks- so I thought I
would share this quote from a conversation with a colleague this
morning:
"I can't believe the stupidity of people- even the guys on CNBC are
incredulous at this internet mania- I guess I will just have to
revise my baseline for human stupidity even higher than my previously
pessimistic level- because once again humanity has exceeded all
rational expectations."
That about sums it all up.
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Alan Myers wrote:
> This article is nothing but sensationalized hype. The reporter was assigned
> to cover a minor trial that had a snowball's chance in Hell of making any
> difference to anyone. So, why not add a little spice?
> >
> >The regulations say anyone who, "for compensation or profit, engages in the
> >business of advising others" through electronic media such as the Internet
> >must register with the government.
>
> This contradicts the next statement. Which is it - for profit or a list of
> hyperlinks? They're not the same at all. The "for instance" is not even
> close to illustrative of the point.
>
> As an example, the agency says an owner
> >of a Web site with "a list of hyperlinks" recommending other Web sites must
> >register -- or go to jail.
>
> Jail for a list of hyperlinks? HAHAHA! What a JOKE!
>
> I live in Canada. Are they going to send the CIA to kidnap me, or extradite
> me to the USA if I do that? I have a friend in eastern Europe. He'd
> publish anything I asked him to on a website. Will they drag him to the US
> to face a trial, too? Oooh.....Scary!!
>
> The CFTC regulates a *portion* of the world's futures industry. Not all of
> it. They certainly don't regulate the internet, no matter how important
> they think they are.
>
> Sounds like the raffle ticket drive didn't go over too well and it's time
> for a membership drive.
>
> ~Alan
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