Daily Archives: December 18, 2008

Barack Obama has chosen Mary Schapiro, chief executive of a non-governmental regulator for securities firms (Financial Industry Regulatory Authority), to chair the Securities and Exchange Commission.

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What a great pick.

Out of the gate, Ms. Schapiro faces potential controversy. In 2001 she appointed Mark Madoff, son of disgraced financier Bernard Madoff, to the board of the National Adjudicatory Council, the national committee that reviews initial decisions rendered in Finra disciplinary and membership proceedings. Both sons of Mr. Madoff have denied any involvement in the massive Ponzi scheme their father has been accused of running.

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What a visionary regulator: inviting the fox inside the chicken house, that&#8217-s clever, indeed.

Jason Ruspini, will Barack Obama replace the CFTC head, too?

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Our Embargo Policy

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There are scores of reactions out there about Michael Arrington&#8217-s decision to &#8220-break every embargo we agree to.&#8221-

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#1. I WILL RESPECT YOUR EMBARGO.

If you give me and all the other media outlets a news ahead of its official unveiling, I will indeed publish after the date and time you mentioned.

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#2. I WILL NOT PUBLISH YOUR TRADE SECRETS.

Period.

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#3. I WILL NOT RECEIVE ORDERS FROM YOU.

If the news is public (say, published on an official governmental website), then I will go ahead informing the Midas Oracle readers about that public information.

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#4. MIDAS ORACLE IS STRONG ENOUGH TO WEATHER ANY RETALIATION.

– Midas Oracle is the world&#8217-s #1 group blog on prediction markets.

– Our LinkedIn group is the world&#8217-s #1 social networking group on prediction markets (4 times bigger than the San Francisco bozo&#8217-s one).

– Our Open Institute Of Prediction Markets will be the world&#8217-s #1 institution on prediction markets, juicing out luminaries, prediction market companies, and other organizations.

See, life is too short to waste it with psychos who over-obsess with putting up their name in press releases. We are building for the long term, as for us.

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#5. Here are our Terms Of Use.

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