U.S. Senator Daniel Coats (R-IN) and Richard G. Lugar (R-IN): More Strict Regulations on the Treatment of Derivatives
Greetings,
We, the undersigned, are calling on U.S. Senators Richard G. Lugar (R-IN) and Daniel Coates (R-IN), to call attention to the loosely govern policy on Derivatives within the financial district of the U.S. Economy.
As quoted by Richard Dooling, “Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.”
Within the wide understanding to how derivatives succeed and fail, there is much controversy. We believe the underlying cause to the failure of Wall Street is not directly from derivatives, but they had a substantial impact. Derivatives are not naturally corrupt but become corrupt from the unethical treatment they receive from investors and their poor decision-making concerning the impact on our economy.
We, the undersigned, are calling on U.S. Senators Richard G. Lugar (R-IN) and Daniel Coates (R-IN) to take responsibility and step in to stop the poor regulation on Derivatives within the U.S. Financial District.
If you wish to contact them outside of signing our petition, their contact information is below.
DC Address:
The Honorable Richard G. Lugar
United States Senate
306 Hart Senate Office Building
Washington, D.C. 20510-1401
DC Phone:
202-224-4814
DC Fax:
202-228-0360
Contact Form:
http://lugar.senate.gov/contact/contactform.cfm
WWW Homepage:
Twitter:
DC Address:
The Honorable Dan Coats
United States Senate
493 Russell Senate Office Building
Washington, D.C. 20510-1404
DC Phone:
202-224-5623
DC Fax:
202-228-1820
Contact Form:
http://coats.senate.gov/contact/
WWW Homepage:
Twitter:
Updates
June 15, 2012
I really started this because the complexities of our financial system felt overwhelming to me personally. Seeing so many of you join in makes me realize that these issues belong to all of us and I am truly humbled by your engagement.
June 15, 2012
I am truly stunned by the level of attention this has received. This momentum exists only because of your shared concern and I cannot thank you enough for taking this on.
Reached 100 supporters
June 15, 2012
6 Comments
Enough with the wall street greed already. They break the system and we pay for it. Do your jobs!
total insanity that they are allowed to play these games with our money. regulation is mandatory.
if you cant understand what they are doing with these toxic assets then you better ban them. enough is enough.
listen to your constituents for once. we are tired of the corruption.
need way more oversight. it was clear back in 2008 and its still clear today. fix this mess
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U.S. Senator Daniel Coats (R-IN) and Richard G. Lugar (R-IN): More Strict Regulations on the Treatment of Derivatives
Greetings,
We, the undersigned, are calling on U.S. Senators Richard G. Lugar (R-IN) and Daniel Coates (R-IN), to call attention to the loosely govern policy on Derivatives within the financial district of the U.S. Economy.
As quoted by Richard Dooling, “Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.”
Within the wide understanding to how derivatives succeed and fail, there is much controversy. We believe the underlying cause to the failure of Wall Street is not directly from derivatives, but they had a substantial impact. Derivatives are not naturally corrupt but become corrupt from the unethical treatment they receive from investors and their poor decision-making concerning the impact on our economy.
We, the undersigned, are calling on U.S. Senators Richard G. Lugar (R-IN) and Daniel Coates (R-IN) to take responsibility and step in to stop the poor regulation on Derivatives within the U.S. Financial District.
If you wish to contact them outside of signing our petition, their contact information is below.
DC Address:
The Honorable Richard G. Lugar
United States Senate
306 Hart Senate Office Building
Washington, D.C. 20510-1401
DC Phone:
202-224-4814
DC Fax:
202-228-0360
Contact Form:
http://lugar.senate.gov/contact/contactform.cfm
WWW Homepage:
Twitter:
DC Address:
The Honorable Dan Coats
United States Senate
493 Russell Senate Office Building
Washington, D.C. 20510-1404
DC Phone:
202-224-5623
DC Fax:
202-228-1820
Contact Form:
http://coats.senate.gov/contact/
WWW Homepage:
Twitter:
Updates
June 15, 2012
I really started this because the complexities of our financial system felt overwhelming to me personally. Seeing so many of you join in makes me realize that these issues belong to all of us and I am truly humbled by your engagement.
June 15, 2012
I am truly stunned by the level of attention this has received. This momentum exists only because of your shared concern and I cannot thank you enough for taking this on.
Reached 100 supporters
June 15, 2012
6 Comments
these derivative things are just legalized gambling with peoples homes and jobs on the line. stop letting them wreck the economy for their own bonuses.
Enough with the wall street greed already. They break the system and we pay for it. Do your jobs!
total insanity that they are allowed to play these games with our money. regulation is mandatory.
if you cant understand what they are doing with these toxic assets then you better ban them. enough is enough.
listen to your constituents for once. we are tired of the corruption.
need way more oversight. it was clear back in 2008 and its still clear today. fix this mess
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these derivative things are just legalized gambling with peoples homes and jobs on the line. stop letting them wreck the economy for their own bonuses.