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	Comments on: Banking and finance roundup	</title>
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	<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/</link>
	<description>Chronicling the high cost of our legal system</description>
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	<item>
		<title>
		By: Bob Lipton		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349955</link>

		<dc:creator><![CDATA[Bob Lipton]]></dc:creator>
		<pubDate>Wed, 19 Sep 2018 22:35:28 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349955</guid>

					<description><![CDATA[Only 731,529, Walter?]]></description>
			<content:encoded><![CDATA[<p>Only 731,529, Walter?</p>
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		<title>
		By: cecil		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349949</link>

		<dc:creator><![CDATA[cecil]]></dc:creator>
		<pubDate>Wed, 19 Sep 2018 16:17:56 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349949</guid>

					<description><![CDATA[But America&#039;s business is business.  :D  Trying to make America&#039;s business social justice cripples our ability to compete in the world&#039;s market.  Selling things made in America both at home and abroad provides jobs.  When pulling one&#039;s self up by the bootlaces, it really helps to have bootlaces...
I hope that this is more on target with the original post.  If you do not feel it is, deny it in moderation.
Thank you.]]></description>
			<content:encoded><![CDATA[<p>But America&#8217;s business is business.  😀  Trying to make America&#8217;s business social justice cripples our ability to compete in the world&#8217;s market.  Selling things made in America both at home and abroad provides jobs.  When pulling one&#8217;s self up by the bootlaces, it really helps to have bootlaces&#8230;<br />
I hope that this is more on target with the original post.  If you do not feel it is, deny it in moderation.<br />
Thank you.</p>
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		<title>
		By: Walter Olson		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349947</link>

		<dc:creator><![CDATA[Walter Olson]]></dc:creator>
		<pubDate>Wed, 19 Sep 2018 15:09:12 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349947</guid>

					<description><![CDATA[Because there are approximately 731,529 other internet forums on which to discuss American politics generally, we try to discourage comment threads here at Overlawyered that stray too far from the original posts into general American politics. This discussion has now strayed a long way from its original subject of Sen. Elizabeth Warren&#039;s proposals to change corporate governance law. 

I know it is frustrating to be cut off just at the very point at which we were about to convince each other to change our fundamental convictions about the two major American political parties or about Left versus Right.]]></description>
			<content:encoded><![CDATA[<p>Because there are approximately 731,529 other internet forums on which to discuss American politics generally, we try to discourage comment threads here at Overlawyered that stray too far from the original posts into general American politics. This discussion has now strayed a long way from its original subject of Sen. Elizabeth Warren&#8217;s proposals to change corporate governance law. </p>
<p>I know it is frustrating to be cut off just at the very point at which we were about to convince each other to change our fundamental convictions about the two major American political parties or about Left versus Right.</p>
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		<title>
		By: MattS		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349941</link>

		<dc:creator><![CDATA[MattS]]></dc:creator>
		<pubDate>Wed, 19 Sep 2018 10:09:05 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349941</guid>

					<description><![CDATA[&quot;So, you think Democrats do not want to help the downtrodden?&quot;

No, I think they do want to.  However, no, good intentions are not enough, and no, the policies they push would not genuinely help the downtrodden if they were implemented.

&quot;Democrats would happily tax at 10X to pay for 10X.&quot;

Perhaps, but they have never demonstrated any spending discipline and revenues for tax increases have almost always fallen short of projections.

If they did manage to pass what they thought was a 10X tax bill, they would end up spending 20X and then find out the government only collected 7X in taxes.

There are no limits on the Democrat&#039;s desire to spend government money.  However, there are very real limits on the government&#039;s ability to generate revenue through taxes.]]></description>
			<content:encoded><![CDATA[<p>&#8220;So, you think Democrats do not want to help the downtrodden?&#8221;</p>
<p>No, I think they do want to.  However, no, good intentions are not enough, and no, the policies they push would not genuinely help the downtrodden if they were implemented.</p>
<p>&#8220;Democrats would happily tax at 10X to pay for 10X.&#8221;</p>
<p>Perhaps, but they have never demonstrated any spending discipline and revenues for tax increases have almost always fallen short of projections.</p>
<p>If they did manage to pass what they thought was a 10X tax bill, they would end up spending 20X and then find out the government only collected 7X in taxes.</p>
<p>There are no limits on the Democrat&#8217;s desire to spend government money.  However, there are very real limits on the government&#8217;s ability to generate revenue through taxes.</p>
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		<title>
		By: Allan		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349924</link>

		<dc:creator><![CDATA[Allan]]></dc:creator>
		<pubDate>Tue, 18 Sep 2018 21:21:10 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349924</guid>

					<description><![CDATA[MattS,

A bit of hyperbole?

So, you think Democrats do not want to help the downtrodden?  Their policies would do so, if they could implement them.  But they cannot do so politically.

Republicans don&#039;t pretend their policies would help the downtrodden.  We don&#039;t know what would happen with their policies, either, because they, too, cannot do so politically.

Democrats would happily tax at 10X to pay for 10X.

Republicans would happily spend 5X, so long as the spending did not go to the social safety net.  And they would continue taxing at X...]]></description>
			<content:encoded><![CDATA[<p>MattS,</p>
<p>A bit of hyperbole?</p>
<p>So, you think Democrats do not want to help the downtrodden?  Their policies would do so, if they could implement them.  But they cannot do so politically.</p>
<p>Republicans don&#8217;t pretend their policies would help the downtrodden.  We don&#8217;t know what would happen with their policies, either, because they, too, cannot do so politically.</p>
<p>Democrats would happily tax at 10X to pay for 10X.</p>
<p>Republicans would happily spend 5X, so long as the spending did not go to the social safety net.  And they would continue taxing at X&#8230;</p>
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		<title>
		By: MattS		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349915</link>

		<dc:creator><![CDATA[MattS]]></dc:creator>
		<pubDate>Tue, 18 Sep 2018 18:00:22 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349915</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349911&quot;&gt;Allan&lt;/a&gt;.

&quot;I support the Democrats because, at the least, they want to implement policies they imagine will help the downtrodden. &quot;

And in their imaginations are the only place the policies they want to implement will actually help the downtrodden.

&quot;Furthermore, I would rather have tax and spend governmen (Democrats) than a borrow and spend goverment (Republicans).&quot;

Except that&#039;s not quite accurate.  It&#039;s more like:

Republicans.  Spend X, tax X/2

Democrats:  Tax 5X, Spend 10X]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349911">Allan</a>.</p>
<p>&#8220;I support the Democrats because, at the least, they want to implement policies they imagine will help the downtrodden. &#8221;</p>
<p>And in their imaginations are the only place the policies they want to implement will actually help the downtrodden.</p>
<p>&#8220;Furthermore, I would rather have tax and spend governmen (Democrats) than a borrow and spend goverment (Republicans).&#8221;</p>
<p>Except that&#8217;s not quite accurate.  It&#8217;s more like:</p>
<p>Republicans.  Spend X, tax X/2</p>
<p>Democrats:  Tax 5X, Spend 10X</p>
]]></content:encoded>
		
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		<title>
		By: Allan		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349911</link>

		<dc:creator><![CDATA[Allan]]></dc:creator>
		<pubDate>Tue, 18 Sep 2018 15:55:49 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349911</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349908&quot;&gt;cecil&lt;/a&gt;.

Cecil, 

There is a difference between Democrats and the left, just as there is a difference between Republicans and conservatives.  It was NOT conservatives who freed the slaves.  It was progressives, who happened to be in the Republican party.  In the mid- to late-20th centruary, progressives progressively wandered toward the Democrats and conservatives coalesced with the Republicans.  Thus, it was not the Democrats who did the most progressive things in the early 20th century, such as trust-busting or getting the vote to women.  On the other hand, it was not the Republicans who did the regressive things, like prohibition and making marijuana illegal.  

I would posit that neither the Republicans nor the Democrats promote policies that ehnance the &quot; freedom and incentives to better yoursel.&quot;  

I support the Democrats because, at the least, they want to implement policies they imagine will help the downtrodden.   Republicans, on the other hand, don&#039;t even do that.  Furthermore, I would rather have tax and spend governmen (Democrats) than a borrow and spend goverment (Republicans).  Until we can get a viable party that is both economically and socially libertarean, I am stuck.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349908">cecil</a>.</p>
<p>Cecil, </p>
<p>There is a difference between Democrats and the left, just as there is a difference between Republicans and conservatives.  It was NOT conservatives who freed the slaves.  It was progressives, who happened to be in the Republican party.  In the mid- to late-20th centruary, progressives progressively wandered toward the Democrats and conservatives coalesced with the Republicans.  Thus, it was not the Democrats who did the most progressive things in the early 20th century, such as trust-busting or getting the vote to women.  On the other hand, it was not the Republicans who did the regressive things, like prohibition and making marijuana illegal.  </p>
<p>I would posit that neither the Republicans nor the Democrats promote policies that ehnance the &#8221; freedom and incentives to better yoursel.&#8221;  </p>
<p>I support the Democrats because, at the least, they want to implement policies they imagine will help the downtrodden.   Republicans, on the other hand, don&#8217;t even do that.  Furthermore, I would rather have tax and spend governmen (Democrats) than a borrow and spend goverment (Republicans).  Until we can get a viable party that is both economically and socially libertarean, I am stuck.</p>
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		<title>
		By: cecil		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349908</link>

		<dc:creator><![CDATA[cecil]]></dc:creator>
		<pubDate>Tue, 18 Sep 2018 14:35:49 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349908</guid>

					<description><![CDATA[Cash handouts are not power, particularly in the amounts dribbled out by the left.  How many high ranking democrats, where the power is, ever were without power?  They&#039;re just grabbing for more.
Having the freedom and incentives to better yourself have made more middle class and more rich which is a form of power than anything that the democrats have ever done.  And remember, it wasn&#039;t democrats that freed the slaves.  There isn&#039;t a tech sector because of democrat ideals, regardless of whether or not they have forgotten on which side of the bread the butter was placed.]]></description>
			<content:encoded><![CDATA[<p>Cash handouts are not power, particularly in the amounts dribbled out by the left.  How many high ranking democrats, where the power is, ever were without power?  They&#8217;re just grabbing for more.<br />
Having the freedom and incentives to better yourself have made more middle class and more rich which is a form of power than anything that the democrats have ever done.  And remember, it wasn&#8217;t democrats that freed the slaves.  There isn&#8217;t a tech sector because of democrat ideals, regardless of whether or not they have forgotten on which side of the bread the butter was placed.</p>
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		<title>
		By: Allan		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349868</link>

		<dc:creator><![CDATA[Allan]]></dc:creator>
		<pubDate>Mon, 17 Sep 2018 13:41:44 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349868</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349828&quot;&gt;Noncenx&lt;/a&gt;.

The left is not much worse than the right.  They just have different topics that they want to emphasize.  Generally, the right is more libertarian on economic matters and the left is more libertarian on social matters.  And the right supports measures that keep those in power in power (some to the point of fuedalism).  The left supports measures that gives more power to those not in power (some to the point of communism).

Living in a society means giving up freedom.  The question is how much and in what areas.   I would suggest that even hard and fast libertarians would agree with this.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349828">Noncenx</a>.</p>
<p>The left is not much worse than the right.  They just have different topics that they want to emphasize.  Generally, the right is more libertarian on economic matters and the left is more libertarian on social matters.  And the right supports measures that keep those in power in power (some to the point of fuedalism).  The left supports measures that gives more power to those not in power (some to the point of communism).</p>
<p>Living in a society means giving up freedom.  The question is how much and in what areas.   I would suggest that even hard and fast libertarians would agree with this.</p>
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		<title>
		By: Noncenx		</title>
		<link>https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349828</link>

		<dc:creator><![CDATA[Noncenx]]></dc:creator>
		<pubDate>Sat, 15 Sep 2018 02:25:37 +0000</pubDate>
		<guid isPermaLink="false">https://www.overlawyered.com/?p=72233#comment-349828</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349815&quot;&gt;Allan&lt;/a&gt;.

If societal goals change, then anyone can form a corporation along the Warren Model.  There&#039;s nothing from stopping anyone from doing so now.  And if people believe this is the &quot;right&quot; way to do it, then it will succeed and other companies would adopt it by their own choice.  

However Sen. Warren isn&#039;t content on offering an alternate for how she believes corporations should be structured, she wants to impose it by mandate of law.  The left like to rail about Trump becoming a dictator but it&#039;s the left that want to force everyone else to their viewpoint instead of just letting people choose.  

Freedom is an ugly word to the left.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.overlawyered.com/2018/09/banking-and-finance-roundup-21/comment-page-1/#comment-349815">Allan</a>.</p>
<p>If societal goals change, then anyone can form a corporation along the Warren Model.  There&#8217;s nothing from stopping anyone from doing so now.  And if people believe this is the &#8220;right&#8221; way to do it, then it will succeed and other companies would adopt it by their own choice.  </p>
<p>However Sen. Warren isn&#8217;t content on offering an alternate for how she believes corporations should be structured, she wants to impose it by mandate of law.  The left like to rail about Trump becoming a dictator but it&#8217;s the left that want to force everyone else to their viewpoint instead of just letting people choose.  </p>
<p>Freedom is an ugly word to the left.</p>
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