101–110 of 487 posts
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You can't regulate cyptocurrencies. That's the beauty of the whole thing.
But you can regulate how banks can invest their money.
The further the regulators try to reach, the further their opponents move away. That's a game the regulators won't win. It ends with complete anonymity for everybody.
In gold rush, you want to be person providing services to people chasing gold, instead of being person chasing the gold.
Today, an 80-year old client of a friend's financial services firm wrote: . "Hi. Thank you for your excellent stewardship of my retirement savings all these years. You have helped us change a lot of things, and weather some pretty terrific storms like the Fall of 2008. I am now focused on a higher risk-reward trade off, and will be entrusting my son to invest my assets into the brave new world of crypto currencies. W…
Earlier quoted context omitted.
Today, an 80-year old client of a friend's financial services firm wrote: . "Hi. Thank you for your excellent stewardship of my retirement savings all these years. You have helped us change a lot of things, and weather some pretty terrific storms like the Fall of 2008. I am now focused on a higher risk-reward trade off, and will be entrusting my son to invest my assets into the brave new world of crypto currencies. W…
Can you transfer money to your son in the US? That should be tax evasion. Where I am from, that order would be totally illegal. ain't happening.
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amateurs like Coinbase might speculate, but pros like GS use the Federal Reserve as their backstop its one of those "heads I win, tails you lose" scenarios...GS will keep the profits but if things go south, their losses can just be taken out of your local school budget
Explain for those not in the know, like me. I thought Goldman repaid their TARP bailout money?
Earlier quoted context omitted.
Today, an 80-year old client of a friend's financial services firm wrote: . "Hi. Thank you for your excellent stewardship of my retirement savings all these years. You have helped us change a lot of things, and weather some pretty terrific storms like the Fall of 2008. I am now focused on a higher risk-reward trade off, and will be entrusting my son to invest my assets into the brave new world of crypto currencies. W…
Can you transfer money to your son in the US? That should be tax evasion. Where I am from, that order would be totally illegal. ain't happening.
Earlier quoted context omitted.
Today, an 80-year old client of a friend's financial services firm wrote: . "Hi. Thank you for your excellent stewardship of my retirement savings all these years. You have helped us change a lot of things, and weather some pretty terrific storms like the Fall of 2008. I am now focused on a higher risk-reward trade off, and will be entrusting my son to invest my assets into the brave new world of crypto currencies. W…
Can you transfer money to your son in the US? That should be tax evasion. Where I am from, that order would be totally illegal. ain't happening.
Earlier quoted context omitted.
amateurs like Coinbase might speculate, but pros like GS use the Federal Reserve as their backstop its one of those "heads I win, tails you lose" scenarios...GS will keep the profits but if things go south, their losses can just be taken out of your local school budget
Explain for those not in the know, like me. I thought Goldman repaid their TARP bailout money?
Of course the companies getting billions in government support will win big and easily pay back their loans. If they didn't get TARP bailout, they would fail and better competitors would replace them.
Earlier quoted context omitted.
Today, an 80-year old client of a friend's financial services firm wrote: . "Hi. Thank you for your excellent stewardship of my retirement savings all these years. You have helped us change a lot of things, and weather some pretty terrific storms like the Fall of 2008. I am now focused on a higher risk-reward trade off, and will be entrusting my son to invest my assets into the brave new world of crypto currencies. W…
Can you transfer money to your son in the US? That should be tax evasion. Where I am from, that order would be totally illegal. ain't happening.
Earlier quoted context omitted.
Isn't it mostly being manipulated by drug traffickers and money launderers right now?
mmm Yeah, it was true like 5 years ago Tech moves fast, you know ?
Earlier quoted context omitted.
Today, an 80-year old client of a friend's financial services firm wrote: . "Hi. Thank you for your excellent stewardship of my retirement savings all these years. You have helped us change a lot of things, and weather some pretty terrific storms like the Fall of 2008. I am now focused on a higher risk-reward trade off, and will be entrusting my son to invest my assets into the brave new world of crypto currencies. W…
> I am now focused on a higher risk-reward trade off Yea, no kidding! The silver lining is that at 80, he won't have to live in penury for very long.