merged: next hot job occupation: terror trader & discussion of terror trader. - Page 2 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 08-01-2003, 01:22 PM   #16
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 01:01 PM
Unfortunately, the pay-off in the terror market comes after the terror attack.

It is also ripe for fraud. I'll bet heavy on an explosion inside a given building, you set the explosion, we split the proceeds. Is this what we want?
__________________

__________________
nbcrusader is offline  
Old 08-01-2003, 01:47 PM   #17
Blue Crack Addict
 
verte76's Avatar
 
Join Date: May 2002
Location: hoping for changes
Posts: 23,331
Local Time: 09:01 PM
I agree with you crusader. I don't like the idea of profiting off of the overthrow of the Jordanian monarchy or a bombing in Turkey. It seems to me that this is basically what the "terror market" is. I understand that the U.S. government isn't able to uncover every single act of world terrorism. But I'm not sure a "terror market" is the way to go.
__________________

__________________
verte76 is offline  
Old 08-01-2003, 01:51 PM   #18
Rock n' Roll Doggie
ALL ACCESS
 
sulawesigirl4's Avatar
 
Join Date: Jul 2000
Location: Virginia
Posts: 7,416
Local Time: 04:01 PM
just as an FYI, there is an existing thread on this topic in FYM here
__________________
"I can't change the world, but I can change the world in me." - Bono

sulawesigirl4 is offline  
Old 08-01-2003, 03:27 PM   #19
War Child
 
Join Date: Nov 2000
Location: New York, NY
Posts: 633
Local Time: 09:01 PM
Quote:
Originally posted by sulawesigirl4
just as an FYI, there is an existing thread on this topic in FYM here
Sula,
I was aware of the previous post, but I wanted to start a new thread. It's a different thread. Thanks.
__________________
wolfwill23 is offline  
Old 08-01-2003, 03:28 PM   #20
War Child
 
Join Date: Nov 2000
Location: New York, NY
Posts: 633
Local Time: 09:01 PM
Quote:
Originally posted by nbcrusader
Unfortunately, the pay-off in the terror market comes after the terror attack.

It is also ripe for fraud. I'll bet heavy on an explosion inside a given building, you set the explosion, we split the proceeds. Is this what we want?
You would regulate the terror market as you would the stock market. Say you own a business that's about to release some bad news and you sell all your stock before the news is released to the public. You will then go to jail ala Sam Waskell of Imclone.
__________________
wolfwill23 is offline  
Old 08-01-2003, 03:44 PM   #21
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 01:01 PM
Insider terror trading
__________________
nbcrusader is offline  
Old 08-01-2003, 04:36 PM   #22
Blue Crack Addict
 
verte76's Avatar
 
Join Date: May 2002
Location: hoping for changes
Posts: 23,331
Local Time: 09:01 PM
What with all the corporate scandals that are going on I really hate to think what could happen with this. There is a gigantic scandal going on in my own backyard with HealthSouth and that rip-off CEO Scrushy. It seems like there are too many big shots who don't give a damn about morality in business.
__________________
verte76 is offline  
Old 08-01-2003, 04:42 PM   #23
War Child
 
Join Date: Nov 2000
Location: New York, NY
Posts: 633
Local Time: 09:01 PM
Quote:
Originally posted by nbcrusader
Insider terror trading
And there are penalties for insider trading on the DOW. I'm sure there would be penalties for insider trading on the terror market as well. Also, I'm sure the penalties would be extremely harsh. What do you think would happen if someone was found guilty of insider trading on this market that resulted in the deaths of innocent people? That person would probably receive the death penalty. Would you take that risk? I don't think even terrorists are that stupid.
__________________
wolfwill23 is offline  
Old 08-01-2003, 04:44 PM   #24
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 01:01 PM
Well, that ought to scare them into playing nice and fair.
__________________
nbcrusader is offline  
Old 08-01-2003, 06:00 PM   #25
War Child
 
Join Date: Nov 2000
Location: New York, NY
Posts: 633
Local Time: 09:01 PM
Quote:
Originally posted by nbcrusader
Well, that ought to scare them into playing nice and fair.
Instead of replying with a snide remark, why don't you offer a counterpoint to what I wrote? If you look at the facts on this crazy market, it mave have worked. We, quite possibly, could have had a safer future here.
__________________
wolfwill23 is offline  
Old 08-01-2003, 06:05 PM   #26
Rock n' Roll Doggie
ALL ACCESS
 
sulawesigirl4's Avatar
 
Join Date: Jul 2000
Location: Virginia
Posts: 7,416
Local Time: 04:01 PM
Blind faith in the mystical "invisible hand" of the market is no substitute for doing good intelligence work, something it seems that we could use more of in the so-called "war on terror."
__________________
"I can't change the world, but I can change the world in me." - Bono

sulawesigirl4 is offline  
Old 08-01-2003, 06:32 PM   #27
War Child
 
Join Date: Nov 2000
Location: New York, NY
Posts: 633
Local Time: 09:01 PM
Quote:
Originally posted by sulawesigirl4
Blind faith in the mystical "invisible hand" of the market is no substitute for doing good intelligence work, something it seems that we could use more of in the so-called "war on terror."
I agree the US could use 'more good intelligence work' and what better way of getting it than with this market? Do you honestly believe that the US government can finance an intelligence network elaborate enough to stop terrorists from attacking us again? I don't think so. We need more information than the US gov. can afford and is willing to get. I believe this market is one possible way of getting that info.

Look at all the speculation and info. that is available for the DOW and the companies traded on it. All of that is motivated by one thing, MONEY. Traders invest a tremendous amount of time and enegry into the speculation of what these companies will do. Just imagine if we had that many people from all over the world speculating on terror attacks. The US gov. can't pay enough people to get that much intelligence. We're already seeing cuts to the Sky Marshall program and this the same week that there was another warning about terrorists taking over airlines.

Think about it.
__________________
wolfwill23 is offline  
Old 08-02-2003, 02:26 PM   #28
War Child
 
Join Date: Nov 2000
Location: New York, NY
Posts: 633
Local Time: 09:01 PM
Anyone?
__________________
wolfwill23 is offline  
Old 08-02-2003, 07:44 PM   #29
Refugee
 
Klaus's Avatar
 
Join Date: Sep 2002
Location: on a one of these small green spots at that blue planet at the end of the milky way
Posts: 2,432
Local Time: 10:01 PM
A market dosn't work if the people aren't informed well enough, a market also has a problem if the products are verry rare (like terrorist attacks)
__________________
Klaus is offline  
Old 08-02-2003, 08:49 PM   #30
Blue Crack Addict
 
verte76's Avatar
 
Join Date: May 2002
Location: hoping for changes
Posts: 23,331
Local Time: 09:01 PM
As some of the replies and such have indicated the confidence of many Americans in people who are stock market big shots isn't great these days because of the corporate scandals. I think the same lack of confidence is why we are not more favorably disposed to this idea. The timing isn't good. Maybe they should come back in three years or whenever when the suspicion isn't out there the way it is now. Just my purple tuppence's worth this may be a bunch of ...............
__________________

__________________
verte76 is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 04:01 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com