This seems like a solid idea:
Um, no, it really isnít. Less transparency is bad for investors, who will require a greater premium due to enhanced risk from less information. This in turn will deflate stock prices.
If we want to incentivize companies to invest in more innovative products and services, ie be more long term oriented, there are simpler ways to do this. Like with a R&D tax credit.
If this is going to hurt investors, why was the idea proposed by Warren Buffett and JD Morgan? Last I checked, neither was in the business of losing money for their investors.
Not having to answer to projections every three months seems like common sense in terms of allowing companies to implement long term strategies that may take a bit to get going.
Absolutely not. Have you forgotten the results of the last time that investment banks operated in a dark market? Common sense would be enacting an even more robust version of the Glass-Steagall Law, imo, which should have happened in the immediate aftermath of the Subprime Mortgage Crisis, anyway, and the fact that Warren Buffett is agreeing with anything that Jamie Dimon, who, along with the rest of those crooks, should have been given life sentences at the absolute minimum, in my view, has to say about, well, anything, should result in the immediate loss of his credibility. JFC.
So whatís the parade of horribles that you predict, but that Buffett and others are overlooking?
I think itís great that Trump is studying ideas from leaders in the private sector, even those leaders generally linked to liberal causes.
Listen, I'm not a broker or anything like that, lol, it's just that I don't think that anyone should be taking the advice from a guy, in Dimon, who engaged in practices that conspired to bring about the collapse of our nation's economy, but then again I also don't believe that any member(s) of the Bush administration should ever be given a platform on which they are allowed speak about matters of foreign policy, like at all, but here we are.
I mean, would you buy another lemon from Matilda's father after your first car inevitably fails due to deliberately fraudulent practices on the part of Mr. Wormwood? How many times do we have to be duped by the criminal investment bankers and crooks on Wall Street before we finally learn our lesson? Sorry, but it just doesn't make any sense, to me, to put it mildly. Reinstate Glass-Steagall and turn the Federal Reserve over to Brooksley Born and we'll be fine.