Reply #77: Did you read the Wired article I linked to upthread?

[beachmom]

At least in the case of the Chinese mathematician, he said the managers misused his formula. They did not understand that it had limitations and basically ran with it. Not only that, every investment house on Wall Street adopted the same assumptions.

I agree with you that Kerry is not unique in not protesting over the Commodities Market Gramm bill. That is my point -- NOBODY protested. But I consider Kerry to be a step above the rest, and am disappointed he did not see the danger in that amendment (at least we have not found anywhere where he made a statement on it).

Guys, I think I have said what I want to say. I just think this forum should not always be about saying nice things about John Kerry. Sometimes we need to ask the tough questions of him. When you look at the Swiftboating and the fact that he has done so much for which he does not get credit, I think the media has been patently unfair to him. I will always defend him against that sort of thing. But now that the Democrats are in power, and at least some things are going in the right direction, we do need to hold our Dems accountable and question things. I really think this forum as well as all liberal blogs need to make that transition. I don't want to be part of a rah rah cheerleading squad. To a certain extent we needed to be that way when Dems were out of power and Kerry's ideas were not given enough exposure. Those days are over now.

The next battle will be carried interest tax policy on Hedge Fund managers.