[Karen37a]

The Securities and Exchange Commission regulates securities, not FDIC funds (Cash and cash equivalent is not a security). The FDIC regulates what FDIC deposits can used for. I suggest you look at the link here that has very detailed rules of what and when FDIC funds can be used within a "BANK" (by the way the SEC does not regulate banks, (Comptroller of the currency (OCC) and the office of thirft supervision (OTS) and various other state agencies are the banking regulators) --just to break it down for you the FDIC allows those funds to be used when trading Govt securities and making markets. The prohibition list is long and includes just about everything else. Including hedge funds
https://www.fdic.gov/regulations/law...2000-7350.html

And this comment was overlooked .

west coast you said to me "strawman" . I am not "misrepresenting facts", you are not aware of the rules or regulations that are in place before or after Dodd Frank in regards to the trading of certain funds or investments. I can say you are using untruthful hyperbole vs truthful hyperbole.

HHS is a very very very conservative person who errs on caution with money and everything he does, almost nagging me to get a flu shot "just in case".

As stated it is not speculation or trading of FDIC money or grandmas bank account , and you need to know the difference between paid in capital vs FDIC deposits.

And again regulating money doesnt have anything to do with zoot suit pinky rings outclosing people

[WestCoastFunding]

And this comment was overlooked .

west coast you said to me "strawman" . I am not "misrepresenting facts", you are not aware of the rules or regulations that are in place before or after Dodd Frank in regards to the trading of certain funds or investments. I can say you are using untruthful hyperbole vs truthful hyperbole.

HHS is a very very very conservative person who errs on caution with money and everything he does, almost nagging me to get a flu shot "just in case".

As stated it is not speculation or trading of FDIC money or grandmas bank account , and you need to know the difference between paid in capital vs FDIC deposits.

And again regulating money doesnt have anything to do with zoot suit pinky rings outclosing people

Karen, the FDIC regulation quoted above comes from..... DODD FRANK. Yes, HappyHorse**** was trying to prove that the FDIC already prevents trading in exotic securities, but he literally cited a regulation thats in place because of Dodd Frank. So nice try.

But I doubt this will stop you from following-up with another massive word salad post.

(also, if you'd like to view the rule pertaining to this, please click here and notice the date: https://www.sec.gov/rules/final/2013/bhca-1.pdf )

You were saying, Karen?

Don't you think its weird that you attempt to make the case that certain rules, regulations and protections were in place before Dodd-Frank by quoting the rules and regulations put in place after (and because of) Dodd-Frank? I mean: come on.

[CreditGuy]

word salad post.

Heh.

[WestCoastFunding]

And this comment was overlooked .

west coast you said to me "strawman" . I am not "misrepresenting facts", you are not aware of the rules or regulations that are in place before or after Dodd Frank in regards to the trading of certain funds or investments. I can say you are using untruthful hyperbole vs truthful hyperbole.[/I]

Karen, please feel free to click on the link provided by HappyHorse****. When you do, please note that the document states this:

"The provisions of part 351 appear at 79 Fed. Reg. 5805, Jan. 31, 2014, the interim final rule is effective on April 1, 2014, except as otherwise noted."

Karen, pretty clear those provisions went into place in 2014. Dodd Frank became law in 2010. Do you honestly believe the year 2014 came before 2010?

[Karen37a]

Karen, please feel free to click on the link provided by HappyHorse****. When you do, please note that the document states this:

"The provisions of part 351 appear at 79 Fed. Reg. 5805, Jan. 31, 2014, the interim final rule is effective on April 1, 2014, except as otherwise noted."

Karen, pretty clear those provisions went into place in 2014. Dodd Frank became law in 2010. Do you honestly believe the year 2014 came before 2010?

And Dodd Frank came into Law in 2010. It didnt have all he provisions in it. It was BLANK or a few words or passages in it ( I dont recall at this point )

They had over 20,000 pages of regulatory content, added along the way...AFTER the law came into play.I do not think you know that they added things after the fact and its still not complete.

They created Doody Frankenstein so hastily the Volcker rule was not properly vetted. Some of the things were needed but some of the things they added, they didnt understand and just threw their hands up in the air , did a study , then added it.

I do not believe in smart regulation, because the people who are doing the regulating have never been in the industy , and if they were, they never ever ever moved out of some back office. (This is why certain people wanted people to talk in some way, or join an organization to have voice on capitol hill. and I am busy, so I said my peace)

Its like Undercover boss when the CEO of the Sandwich franchise cant make a Sandwich. I am a firm believer in leading from the front. I do not like when people tell me how to close sales when I have 10 funded on the board personal in 1 week and they have 1 a month

Regulating money isnt regulating Cash Advance Brokers or the Lenders

Ok have a great weekend all