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Comment: Re:The NYSE shouldn't reverse trades. (Score 1) 223

by IronAmbassador (#40999135) Attached to: Knight Trading Losses Attributed To Old, Dormant Software
What "parachute" are you talking about?

NYSE only busted trades in 6 of the 140 securities Knight effected. And those 6 were only busted because they traded 30%+ off of the market open price. Which is well within NYSE's normal tolerances for approving busts. (Now if busts should be allowed at all is another debate.)

Knight had to pay for all the rest, and it nearly closed the doors. The government didn't rescue Knight, the street did. The industry pooled a bunch of money and bought a huge chunk of Knight in exchange for that money. That purchase obliterated existing share holders. Sounds like everything worked fine to me.

Knight made a mistake, and they paid for it. What more do you want?

Comment: Re:One time experience? (Score 2) 441

by IronAmbassador (#39221477) Attached to: RIAA CEO Hopes SOPA Protests Were a "One-Time Thing"
Stop spamming your damn New York Times prattle already.

We agree that if you compare two corporations they should be treated equally.

But Citizens United also said that these corporations should be compared to people. And that's what's pissing everyone off.

Neither NYT or CU should have a voice.

Comment: Re:One time experience? (Score 1) 441

by IronAmbassador (#39220973) Attached to: RIAA CEO Hopes SOPA Protests Were a "One-Time Thing"
Creating the corporation never stopped anyone from still having their individual voice.

Before Citizens United they were prevented from having, in addition to their individual voice, an additional "super voice" controlled by the owner(s) of the corporation they bought into.

That "super voice" should never be put on the same level as a single individual. For how can a single person compete with an aggregate of thousands?

Now we have to put up with all this PAC crap as a result.

Comment: Re:And that is what really stiffles innovation (Score 1) 384

by IronAmbassador (#38914433) Attached to: Leaked Zynga Memo Justifies Copycat Strategy

so let me ask, you think a guy you kills a man because that man raped and murdered his son, and a guy who kills his wife because she didn't do the laundry should get the same sentence?

Yes, actually, i do. A murder was committed in both cases. The motivation is irrelevant.

If two people rob a bank and one uses the money to feed his starving family and the other uses it to buy a new car should i punish the guy that bought the new car more than the other?

"Common sense" is not a constant. It means different things to each individual. It's this flexibility that has lead to such gross class imbalances in the law. It's the reason rocks star lawyers get their clients off on probation while your average public defender ends up with clients serving jail time for the exact same crimes.

You want to make things simpler? Remove such flexibility.

Comment: Funding (Score 1) 249

by IronAmbassador (#38541296) Attached to: New Group Paves Way For 2012 Online Primary
The Lawrence Lessig interview on "The Daily Show" points to the heart of the current problem with all of our representatives in government. Until we fund our representatives differently they are going to beholden to special interests.

http://www.thedailyshow.com/extended-interviews/404264/playlist_tds_extended_lawrence_lessig/404242/

Comment: We're stuck with it now... (Score 1) 1799

by IronAmbassador (#37670176) Attached to: Ask Slashdot: How Do You View the Wall Street Protests?
The repeal of Glass-Steagall in 1999 opened the door for banks to start partying with everyone's money. The case of Citizens United in 2010 then gave these same banks the ability to throw any amount of money they want into lobbying to protect themselves from ever having Glass-Steagall coming back. Until these two items are reversed the 99% aren't going to be able to accomplish. Unless they find a way incorporate themselves into one force able to fight back the massive lobbying tide that has been built against them. But good luck with that.

Comment: The telephone pole of our generation (Score 1) 211

by IronAmbassador (#37639826) Attached to: FCC Wants To Shift Phone Subsidy Funds To Broadband
No one needed a phone originally, and it was cost prohibitive to get those phone lines out into rural america as well. Then the government stepped in with these subsidies and initiatives to get everyone a phone. Now it's time to replace all those phone lines with fiber lines. Telco and ISP industries are already merging together thanks to VOIP let's just finish the process and mandate a project to officially merge the infrastructure. It might even add a job or two if we're lucky.

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