Thursday, December 20, 2012

The Evils of Wall Street Grows

Remember this?

(L-R) Senators Mitch McConnell (R-KY), (click here) Judd Gregg (R-NH) and Lamar Alexander (R-TN) sit at a photo opportunity in advance of a meeting to discuss the economic recovery package September 30, 2008 in Washington, DC. Yesterday the House of Representatives defeated the Emergency Economic Stabilization Act in a 228-205 vote. Wall Street reacted with the Dow Jones Industrial Average plunging more than 700 points. Today President Bush called on lawmakers in Congress to quickly approve the proposed $700 billion rescue plan for the financial sector.

Remember the Trans-Atlantic Cable for Billionaires to suck the value out of stocks faster than the speed of light?

Now, reflect on this.

Senator Gregg has been a Director of IntercontinentalExchange (NYSE: ICE) since March 2011. (click here)

Prior to joining the ICE board, Senator Gregg spent over three decades in public office, most recently serving as the United States Senator from the State of New Hampshire from 1993 to 2011. During his tenure in the Senate, Senator Gregg served on a number of key Senate Committees including Budget; Appropriations; Government Affairs; Banking, Housing and Urban Affairs; Commerce, Science and Transportation; Foreign Relations; and Health, Education, Labor and Pensions. He has served as the Chairman and Ranking Member of the Health, Education, Labor and Pensions Committee and the Chairman and Ranking Member of the Senate Budget Committee as well as chairman of various sub-committees. 

Senator Gregg served as Governor of New Hampshire from 1989 to 1993 and as a member of the U.S. House of Representatives from New Hampshire's 2nd district from 1981 to 1989. Before public service, Senator Gregg was an attorney and businessman. 

Senator Gregg earned an undergraduate degree from Columbia University and a Juris Doctor and a Master of Laws from Boston University School of Law.


Will someone please explain to me where Anti-Trust Law Suits have gone?



ICE in Deal to Buy NYSE (click here)

Updated December 20, 2012, 9:17 a.m. ET

NYSE Euronext (NYX +31.93% )agreed to sell itself to rival IntercontinentalExchange Inc. (ICE -1.79%) for about $8.2 billion, in a deal that would end more than two centuries of independence for the New York Stock Exchange, one of Wall Street's most enduring symbols of American capitalism....