{"id":671,"date":"2008-09-17T00:52:08","date_gmt":"2008-09-17T04:52:08","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=671"},"modified":"2010-02-25T17:19:03","modified_gmt":"2010-02-25T21:19:03","slug":"the-poster-child-of-the-aig-disaster","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/","title":{"rendered":"The poster child of the AIG disaster"},"content":{"rendered":"<p style=\"text-align: left;\">Last night while sitting in my living room flipping through the TV channels I stumbled upon Jim Cramer's Mad Money cable show. I had watched the show once or twice before and found\u00a0 Jim to be a great entertainer and faster than a speeding bullet with his quips. But what really got my attention last night wasn't what stock he was pushing, but rather who he was ranting about.\u00a0 Cramer was ranting about\u00a0 SEC chairman Christopher Cox and his decision to remove the uptick rule on July 6th of last year.<\/p>\n<h2 style=\"text-align: left;\"><span style=\"color: #ff0000;\"><strong>Chris Cox what were you thinking??<\/strong><\/span><\/h2>\n<p style=\"text-align: left;\"><a href=\"http:\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/09\/cox.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-672\" title=\"cox\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/09\/cox.jpg\" alt=\"\" width=\"102\" height=\"150\" \/><\/a>So here is a picture of the poster child for the lack of regulation on Wall Street.<\/p>\n<p style=\"text-align: left;\">Christopher Cox is the 28th Chairman of the Securities and Exchange Commission. He was appointed by President Bush on June 2, 2005, and unanimously confirmed by the Senate on July 29, 2005. He was sworn in on August 3, 2005.<\/p>\n<p style=\"text-align: left;\">The SEC voted to remove the \u201cshort sale tick test\u201d, Rule 17 CFR 240.10a-1 for all equity securities. Effective Friday, July 6, 2007\u00a0 traders will be able to short all securities on an up, down, or zero tick.<\/p>\n<h4 style=\"text-align: left;\"><strong>RULE IMPLEMENTED: DOW July 6, 2007 13,611 - <\/strong><strong>DOW September 16, 2007 11,059 <\/strong><\/h4>\n<h2 style=\"text-align: left;\"><strong><span style=\"color: #ff0000;\">Loss 2,552 Dow points<\/span><\/strong><\/h2>\n<h2 style=\"text-align: left;\"><strong> <\/strong><\/h2>\n<p><object classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" width=\"437\" height=\"370\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"id\" value=\"viddler\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"src\" value=\"http:\/\/www.viddler.com\/player\/efbf9c74\/\" \/><embed id=\"viddler\" type=\"application\/x-shockwave-flash\" width=\"437\" height=\"370\" src=\"\/\/www.viddler.com\/player\/efbf9c74\/\" allowfullscreen=\"true\" allowscriptaccess=\"always\"><\/embed><\/object><span style=\"font-size: medium;\"><br \/>\n<span style=\"font-size: medium;\"> <\/span><\/span><\/p>\n<p>It's not often that I agree with Cramer or his investment pics, but I have to admit that I agree 100%\u00a0 with what he said last night about Chris Cox. If you are as mad as Cramer is about Chris Cox then email him.<a href=\"mailto:ch************@se*.gov\" data-original-string=\"CIli9VioFiPgfYQU4dpLR3O+Tpo+b8UAmuhz9IWU4QA=\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\"> <span \n                data-original-string=\"CIli9VioFiPgfYQU4dpLR3O+Tpo+b8UAmuhz9IWU4QA=\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\"><br \/>\n        <span class=\"apbct-ee-blur-group\"><br \/>\n            <span class=\"apbct-ee-blur_email-text\">ch************@se*.gov<\/span><br \/>\n            <span class=\"apbct-ee-static-blur\"><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-init\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-soft\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-hard\"><\/span><br \/>\n            <\/span><br \/>\n            <span class=\"apbct-ee-animate-blur\"><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-init apbct-ee-blur_animate-init\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-soft apbct-ee-blur_animate-soft \"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-hard apbct-ee-blur_animate-hard\"><\/span><br \/>\n            <\/span><br \/>\n        <\/span><br \/>\n<\/span><\/a><\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">I doubt that you'll hear from Mr. Cox personally, but you will feel better that you did something about the lack of regulation on Wall Street.<\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/club.ino.com:80\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-429\" title=\"Adam Hewison \" src=\"\/\/club.ino.com:80\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\" alt=\"\" width=\"100\" height=\"76\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Adam Hewison,<\/p>\n<p style=\"text-align: left;\">President\u00a0 INO.com<\/p>\n<h4 style=\"text-align: left;\"><a href=\"mailto:ch************@se*.gov\" data-original-string=\"CIli9VioFiPgfYQU4dpLR3O+Tpo+b8UAmuhz9IWU4QA=\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\"><br \/>\n<\/a><\/h4>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Last night while sitting in my living room flipping through the TV channels I stumbled upon Jim Cramer's Mad Money cable show. I had watched the show once or twice before and found\u00a0 Jim to be a great entertainer and faster than a speeding bullet with his quips. But what really got my attention last [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[24,7947],"class_list":["post-671","post","type-post","status-publish","format-standard","hentry","category-trading-tips","tag-trading","tag-trading-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The poster child of the AIG disaster - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The poster child of the AIG disaster - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Last night while sitting in my living room flipping through the TV channels I stumbled upon Jim Cramer&#039;s Mad Money cable show. I had watched the show once or twice before and found\u00a0 Jim to be a great entertainer and faster than a speeding bullet with his quips. But what really got my attention last [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2008-09-17T04:52:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-02-25T21:19:03+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"The poster child of the AIG disaster\",\"datePublished\":\"2008-09-17T04:52:08+00:00\",\"dateModified\":\"2010-02-25T21:19:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\"},\"wordCount\":277,\"commentCount\":5,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"Trading\",\"Trading Videos\"],\"articleSection\":[\"MarketClub Techniques, Tips &amp; Talk\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\",\"name\":\"The poster child of the AIG disaster - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2008-09-17T04:52:08+00:00\",\"dateModified\":\"2010-02-25T21:19:03+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The poster child of the AIG disaster - INO.com Trader&#039;s Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/","og_locale":"en_US","og_type":"article","og_title":"The poster child of the AIG disaster - INO.com Trader&#039;s Blog","og_description":"Last night while sitting in my living room flipping through the TV channels I stumbled upon Jim Cramer's Mad Money cable show. I had watched the show once or twice before and found\u00a0 Jim to be a great entertainer and faster than a speeding bullet with his quips. But what really got my attention last [&hellip;]","og_url":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2008-09-17T04:52:08+00:00","article_modified_time":"2010-02-25T21:19:03+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"The poster child of the AIG disaster","datePublished":"2008-09-17T04:52:08+00:00","dateModified":"2010-02-25T21:19:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/"},"wordCount":277,"commentCount":5,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["Trading","Trading Videos"],"articleSection":["MarketClub Techniques, Tips &amp; Talk"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/","url":"https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/","name":"The poster child of the AIG disaster - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2008-09-17T04:52:08+00:00","dateModified":"2010-02-25T21:19:03+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2008\/09\/the-poster-child-of-the-aig-disaster\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/671"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=671"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/671\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}