MessageI think I hear Belise calling too...HELLO! (I'm not driving so I'll
answer. My cel phone has this wonderful feature where someone can leave a
message if I happen to be driving.....)
----- Original Message -----
From: Dennis Hammerl
To: [email protected]
Sent: Tuesday, September 16, 2008 10:27 PM
Subject: [Nighthawk Lovers] Re: Ban cel phones on the road!
Total government control, that's the answer. We can always trust the
government to do what's right for us. New Zealand is calling (on your cell
phone)
--- On Tue, 9/16/08, Dennis <[EMAIL PROTECTED]> wrote:
From: Dennis <[EMAIL PROTECTED]>
Subject: [Nighthawk Lovers] Re: Ban cel phones on the road!
To: [email protected]
Date: Tuesday, September 16, 2008, 4:26 PM
Paul,
Some might want to ask the same question in reverse. I.e., how much
regulation can we strip away before the lack of it begins to hurt us?
In the 1930's, when the stock market crashed and the great depression
began, it was widely agreed that the cause was greedy speculators getting
themselves way over extended. And, at that time, the federal government
implemented various regulations to control the markets and prevent wild
speculators from crashing the market and hurting all of us.
These regulations worked for decades.
But, beginning in the Reagan years, the mantra of free markets,
deregulation and no rules (let the market forces find their own way) was taken
up. Since then, the regulations imposed after the Great Depression have been
quietly taken apart.
And here we are again. Human greed, in the form of make-a-quick-buck
sub-prime mortgages and the development and use of all sorts of fancy
complicated financial instruments that even half the folks on Wall Street don't
really understand, has done us in again.
Start with a few million mortgages of varying credit-worthiness and
create a series of residential mortgage-backed securities (RMBS) from them.
Then take the RMBS and stratify them. Then leverage them up into collateral
debt obligations (CDOs). Once that bundling is complete, make complex bets on
which layers might default, via credit default swaps (CDS).
Gee, how could anything possibly go wrong with that?!
So, there's a balance out there some where. On one hand, we can't
kill the creativity and growth of Capitalism and the markets that generates
wealth and prosperity for all of us. But, on the other hand, we also can't
just let the markets run free because there are just too many folks out there
who will, in their personal quests for high profits, take risks or actions that
can hurt all of us.
Dennis Gallagher
Seattle
-----Original Message-----
From: [email protected] [mailto:[EMAIL PROTECTED]
On Behalf Of Paul LeBoutillier
Sent: 16 September, 2008 12:57
To: [email protected]
Subject: [Nighthawk Lovers] Re: Ban cel phones on the road!
I whole-heartily agree that talking on a cell phone while driving
can be dangerous, but where do all the regulations end??
I mean, should there be a regulation about doing your makeup while
driving? Eating? Programming your radio? Scolding your kids in the backseat?
Maybe we should ban all conversations in cars because of the potential
distractions. How about listening to the radio and getting all worked up about
a political talk show while driving? That certainly can't be good for one's
concentration!
Do you see my point? Where does it end?
Paul
On Tue, Sep 16, 2008 at 1:42 PM, <[EMAIL PROTECTED]> wrote:
Here in France, using a cell phone in hand while driving is an
offense. You
pay a fine and get minus two points on your driving licence. At
minus
twelve points, you loose it. Riding a bike without an helmet is
an offense
here, even for the passenger. Though not required by law, I use
gloves, a
bike jacket with shoulder and elbow protections, and high boots
which
protect my ankles.
>AAnyway, I am curious to know about your state laws in this
matter. I am
>going to write my legislature about it as I have had many
near-misses
>myself from these cel-phone drivers.
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