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Bill: Stock exchange(s).
Details
Submitted by[?]: Democratic Catholic Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: August 3075
Description[?]:
| Moderate laissez-faire |
Proposals
Article 1
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Debate
These messages have been posted to debate on this bill:
| Date | 04:37:45, February 11, 2011 CET | From |  Labour Party | To | Debating the Stock exchange(s). |
| Message | *from the floor of the Senate* The very nature of stock exchanges is one that requires regulation to even function. Is the FHE blind to the fact that without regulation, stock speculation and insider trading would completely destroy the stock markets from the inside out? Without regulation, insider trading would allow powerful investors with the right connections to dominate the stock exchanges. Speculators could drive prices artificially high or low, which will inevitably lead to a stock bust and economic ruin. We beseech the FHE to use common sense, and stop trying to deregulate an industry which would cease to exist without regulation. Without regulations, stock exchanges will be vulnerable and collapse upon themselves. Stock exchanges are important, and we believe strongly in them as a means for people to invest their capital and make a profit. But without regulation, they cannot function fairly and properly and are doomed to fail. There are only two options: 1) Stock exchanges with regulation, or 2) No stock exchanges at all. Vote no on this catastrophic bill, and I yield back. Brandon Helmkamp Social Democratic Vice Chancellor |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 220 | |||
| no | Total Seats: 205 | |||
| abstain | Total Seats: 0 |
| Random fact: There are two countries based on Egypt in the game. Cobura is based on modern Egypt with a retro twist, while Hawu Mumenhes is based on Ancient Egypt with a modernist twist. |
| Random quote: "And I said on my program, if, if the Americans go in and overthrow Saddam Hussein and it's clean, he has nothing, I will apologize to the nation, and I will not trust the Bush Administration again." - Bill O'Reilly |