Nickname: grat

Review: Re: Feinstein. Don't limit your scorn to Democrats when it comes to making economic or financial sense. Republicans are just as clueless unless you believe that Voodoo Economics is valid. If you are comfortable with unregulated leveraged funds like Amaranth taking potentially market-destabilizing positions, you can dismiss the idea of regulations. For me, I'd prefer to see someone impose speed limits to avoid crashes. Congress only comes to recognize the need after the fact. Feinstein is evidence of that lag.

Date reviewed: Sep 22, 2006 11:03 PM

Nickname: Bubba

Review: Only Dianne Feinstein could be so ignorant as to wonder if speculation is occurring in energy markets. Goodness; think there might be "speculation" in the stock market, or maybe even the real estate markets? Heaven help us from intervention by the likes of her! How is it that Democrats like her can be in Congress without the slightest bit of knowledge about economics, markets, or human behavior. Let's hope she is not really as ignorant as she seems...

Date reviewed: Sep 22, 2006 7:42 PM

Nickname: jonb

Review: This unregulated hedge fund industry will one day plunge financial markets to the disaster. The pressure to perform and to outperform their peers translates to more risky bets. The larger than life ego of some hedge fund managers will average down their losses. This leads to more losses when markets go against them. LTCM and Amaranth are the beginning, not the end of it. The demise of Glass Steagall Act means more resources to finance these hedge funds and more losses. I am betting depression from financial market collapse will repeat itself. Those so called law makers in DC should bear all responsibilities.

Date reviewed: Sep 22, 2006 4:24 AM

Nickname: bob

Review: People forget that all losers are equally offset by winners when trading options. Somebody profited hugely at Amaranth's expense and is probably laughing about it now. Energy is very profitable if you are not stupid.

Date reviewed: Sep 21, 2006 11:44 AM