140,000

Our goal to find 140,000 environmental love songs that inspire ecological actions, help save our planet earth and stop climate change. Fans and musicians worldwide are invited to help us get those environmental love songs written, recorded and on the charts.

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For all the life, Stele Ely.
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Investment Funds Must Die

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Investment Funds Yee Must Die / stele c12
[First sketch : Lyrics and music need tweaks and buffs.]

Investment Funds Yee Must Die
big stock and bond portfolios let money cheat and lie
smoke and mirrors of collective funds
hurt people and creatures, they’re no darn fun

when investment funds are dead and gone
every saver and investor will get to choose
if their money will work for the bad or the good
if their money helps the people, if the planet will win or lose

what’s your money doing?
is it making a better world, or is it making us sick?
while you’re doing nice things
for your people and your planet
are others’ using your savings and investments
to take us all down

Mutual Funds Yee Must Die
big stock and bond portfolios let money cheat and lie
smoke and mirrors of collective funds
hurt people and critters, they’re no friggen fun

when investment funds are dead and gone
more savers and investors will choose
bonds to support their country, town, schools
stocks in businesses sustainable and ethical

so elk, tree, dolphin can yet thrive / hedge
so kangaroo, hippo, butterfly can stay alive / index
so raven, shark, octopi will survive / collective
so friends and lovers can shuck and jive / mutual
investment funds yee must die
~~~~

Sponsor this song for a $2 or more to get it properly recorded and out there for the people and the critters. Own part of the copyright and get your name on the by line if you go big. More info below.

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We need a song to help outlaw mutual funds, hedge funds, investment funds, index funds, exchange-traded funds (ETFs), Real Estate Investment Trusts (REITs) and other collective investment schemes.

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Investment Funds Yee Must Die / by stele ely

Imagine a world where in people know which companies and countries their savings, retirement money or 401ks are invested in. Imagine each person using their savings or retirement money to support their country, state, town, local schools and/or a small number of ethical and sustainable companies.

Every person deserves and should know what their savings and investments are working for. People should get to choose whether their money is in US treasury bills, municipal bonds from their home state or town, local school bonds, a company that they know something about, or whether or not to invest in other regional or global choices out there.

The mutual investment fund companies are getting people to throw their savings blindly into evil money pits where almost anything goes in terms of corporate greed and operations that are solely profit focused.

If every retirement saver and investor were obliged to choose exactly where their money was being used, far more of these savers and investors would be using their money to support their country, states, schools, and companies that are aligned with their moral and environmental values.

Yes, of course there will be a bunch of savers and investors who will invest based solely on the return on their investment. But if even 20% of the people increase their ethical investing by 50%, the world will see a massive positive change.

Right now, other countries are investing in our countries t-bills and debt, while many of us here at home have been tricked to gamble our money in funds that support the very companies that we are protesting and occupying against. These investment pyramid schemes have got to stop.

“Collective investment scheme” is Wikipedia’s 1/24/12 name for several forms of mutual investment.

Let’s get this anti Collective-investment-scheme song written and recorded and out there to do some good. So either sponsor us with your dollars to write this song, help us write the songs if you are a musician or help us produce the videos if you are an artist.

We also need help getting this anti Collective Investment Fund law rolling through congress. The official petition has not yet been written, so we need help with that too.

There are a bunch of notes and references below to help us write the song and get the petition stuff going.

For all the life, Stele Ely

ps: We also need songs and laws to outlaw the market makers, shorts, market specialists, naked shorts and other atrocious people and planet torture tools. By the way folks, I think using one’s money to bet on the failure of companies is bad form.
~~~~~~~~~

Occupy Wall Street? No, divest from it.
excerpt from The Christian Science Monitor, By Whitney Eulich
A growing bank divestment movement is pushing universities to move their money from big banks to small local financial institutions. So far, bank divestment successes are few and far between.

Bank divestment groups are forming to pressure US universities to shift their money from large banks to smaller, community focused alternatives.

On one November day, some 40,000 Americans joined a credit union, mostly to protest actions by big corporate banks and to nurture small banks. That protest, dubbed “bank transfer day,” is part of a larger movement.
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Market Maker
From Wikipedia January 24, 2012
A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn.[1] From a market microstructure theory standpoint, market makers are net sellers of an option to be adversely selected at a premium proportional to the trading range at which they are willing to provide liquidity.

Most stock exchanges operate on a “matched bargain” or “order driven” basis. In such a system there are no designated or official market makers, but market makers nevertheless exist. When a buyer’s bid price meets a seller’s offer price or vice versa, the stock exchange’s matching system decides that a deal has been executed.
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Exchange-traded fund
From Wikipedia January 24, 2012
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.[1] An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features.[2][3] ETFs are the most popular type of exchange-traded product.[citation needed]

Only so-called authorized participants (typically, large institutional investors) actually buy or sell shares of an ETF directly from or to the fund manager, and then only in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in-kind with baskets of the underlying securities. Authorized participants may wish to invest in the ETF shares for the long-term, but usually act as market makers on the open market, using their ability to exchange creation units with their underlying securities to provide liquidity of the ETF shares and help ensure that their intraday market price approximates to the net asset value of the underlying assets.[4] Other investors, such as individuals using a retail broker, trade ETF shares on this secondary market.

An ETF combines the valuation feature of a mutual fund or unit investment trust, which can be bought or sold at the end of each trading day for its net asset value, with the tradability feature of a closed-end fund, which trades throughout the trading day at prices that may be more or less than its net asset value. Closed-end funds are not considered to be “ETFs”, even though they are funds and are traded on an exchange. ETFs traditionally have been index funds, but in 2008 the U.S. Securities and Exchange Commission began to authorize the creation of actively managed ETFs.[4]
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Hedge fund
From Wikipedia January 24, 2012
A hedge fund is an investment fund that can undertake a wider range of investment and trading activities than other funds, but which is only open for investment from particular types of investors specified by regulators. These investors are typically institutions, such as pension funds, university endowments and foundations, or high net worth individuals. As a class, hedge funds invest in a diverse range of assets, but they most commonly trade liquid securities on public markets. They also employ a wide variety of investment strategies, and make use of techniques such as short selling and leverage.

Hedge funds are typically open-ended, meaning that investors can invest and withdraw money at regular, specified intervals. The value of an investment in a hedge fund is calculated as a share of the fund’s net asset value, meaning that increases and decreases in the value of the fund’s assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.

Most hedge fund investment strategies aim to achieve a positive return on investment whether markets are rising or falling. Hedge fund managers typically invest their own money in the fund they manage, which serves to align their interests with investors in the fund.[1][2] A hedge fund typically pays its investment manager a management fee, which is a percentage of the assets of the fund, and a performance fee if the fund’s net asset value increases during the year. Some hedge funds have a net asset value of several billions dollars. As of 2009[update], hedge funds represented 1.1% of the total funds and assets held by financial institutions.[3] The estimated size of the global hedge fund industry is US$1.9 trillion.[4]

Because hedge funds are not sold to the public or retail investors, the funds and their managers have historically not been subject to the same restrictions that govern other funds and investment fund managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis are intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.[5]
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Mutual fund
From Wikipedia January 24, 2012
This article is about mutual funds in the United States. For other forms of mutual investment, see Collective investment scheme.
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (September 2011)

A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.[1]

In the United States, a mutual fund is registered with the Securities and Exchange Commission (SEC) and is overseen by a board of directors (if organized as a corporation) or board of trustees (if organized as a trust). The board is charged with ensuring that the fund is managed in the best interests of the fund’s investors and with hiring the fund manager and other service providers to the fund. The fund manager, also known as the fund sponsor or fund management company, trades (buys and sells) the fund’s investments in accordance with the fund’s investment objective. A fund manager must be a registered investment advisor. Funds that are managed by the same fund manager and that have the same brand name are known as a “fund family” or “fund complex”.

The Investment Company Act of 1940 (the 1940 Act) established three types of registered investment companies or RICs in the United States: open-end funds, unit investment trusts (UITs); and closed-end funds. Recently, exchange-traded funds (ETFs), which are open-end funds or unit investment trusts that trade on an exchange, have gained in popularity. While the term “mutual fund” may refer to all three types of registered investment companies, it is more commonly used to refer exclusively to the open-end type.

Hedge funds are not considered a type of mutual fund. While they are another type of commingled investment scheme, they are not governed by the Investment Company Act of 1940 and are not required to register with the Securities and Exchange Commission (though many hedge fund managers now must register as investment advisors).

Mutual funds are not taxed on their income as long as they comply with certain requirements established in the Internal Revenue Code. Specifically, they must diversify their investments, limit ownership of voting securities, distribute most of their income to their investors annually, and earn most of the income by investing in securities and currencies.[2] Mutual funds pass taxable income on to their investors. The type of income they earn is unchanged as it passes through to the shareholders. For example, mutual fund distributions of dividend income are reported as dividend income by the investor. There is an exception: net losses incurred by a mutual fund are not distributed or passed through to fund investors.

Outside of the United States, mutual fund is used as a generic term for various types of collective investment vehicles available to the general public, such as unit trusts, open-ended investment companies, unitized insurance funds, Undertakings for Collective Investment in Transferable Securities, and SICAVs.
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Sovereign investment funds must die too.

Sovereign investment fund
From Wikipedia January 24, 2012
A sovereign investment fund is an investment fund created or controlled by a government, usually of a country with trade surpluses and abundant foreign monetary reserves.

Those funds might buy foreign assets, and among them company’s stocks, which creates some political controversies in the “recipient” countries. They could be considered as an evolution of ordinary Sovereign wealth funds, which invest state budget surpluses in national assets and, in the case of foreign holdings, liquid assets and treasury securities.

Resources for sovereign funds are commonly obtained by profits from exports of commodities, but can also be gotten though other means, such as investing in international capital markets. The United Arab Emirates, Kuwait, Norway, and Russia all have funds devoted to investing in oil and natural gas exports. Other countries with investment funds are as varied as China, Singapore, Chile, and the Pacific island nation of Kiribati.[1]

There has been some concern recently about sovereign investment funds becoming the “new hedge funds” with a lack of transparency and hence an increase in risk to the financial system.[2]

Occupy Wall Street fuels growing bank divestment movement
by Joe Sims October 25 2011
In the midst of the Occupy Wall Street demonstrations a new movement is emerging to divest from banks responsible for the housing mortgage crisis and the global capitalist meltdown.

Across the country, resolutions are being introduced into city councils to stop doing business with such banks. San Francisco and Los Angeles are just two of the many cities considering such measures. Bloomberg News reports, “The Los Angeles City Council on Oct. 12 accelerated plans to issue report cards on lenders that may lead the nation’s second-most populous city to withdraw funds from those that score poorly on criteria such as home-loan modifications. New York City may make a similar change in bank-selection rules.”
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Consider donating a few quarters to support this song and to keep Stele writing other environmental songs. Your tips will help get this song properly recorded and performed by touring musicians who can get this song working for our biosphere.





Please get this song out to friends and faves.

Musicians:: Arrange a better version of this song. Perform this song at your gigs please.
Fans:: Sponsor this song and get some of da’ copyright — $44 can get ya a copyright certificate with your percentage. I will keep improving the song.
Artists:: Help us do a vid or do other multimedia goodies for the anti collective fund song.
Students:: Intern with Stele.

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4 comments to Investment Funds Must Die

  • Bloomberg Reports Derivatives Regulatory Legislation Contains Large Loopholes

    Hey kids! Were you holding out hope that someone might do something to robustly regulate the derivatives market that wrought such wrack and ruin to the global economy? Ha, ha, that's adorable! Tina Seeley and Dawn Kopecki report for Bloomberg today that "Legislation by Representative Barney Frank to tighten derivatives regulation contains an exemption that may let most financial firms escape new collateral and disclosure rules." Great!

    Here's where the specific exemption lies:

    A plan offered by the Obama administration would subject all swaps dealers and "major market participants" to new regulations for capital, business conduct, record-keeping and reporting. [Representative Barney] Frank's version would exempt corporations from that definition if they use derivatives for "risk management" purposes.

  • While Frank's proposal is a "step in the right direction," its "ambiguous" definition of risk management may leave a large number of corporations unregulated, Henry T.C. Hu, director of the SEC's new division of risk, strategy and financial innovation, told the committee.

    Funny thing: the way the concept of credit derivatives was explained to me sort of made it sound like the daisy chain of "risk management" didn't actually diffuse the systemic risk in the derivatives market. (AIG was just one of the now bailed-out companies that used derivatives to "manage risk.") Well, Commodity Futures Trade Commission chair Gary Gensler thinks Frank should "eliminate the 'risk management' exclusion altogether." Frank says that he will "sharpen" the bill, saying, "I don't think what he says is accurate, but my view is why take the chance? So we agree with him as to the concepts and we'll make the language very clear." And Barry Ritholtz, over at The Big Picture, basically says: NO, NO, NO, YOU'RE DOING IT WRONG.

  • Reform Adds More Twists to a Convoluted Derivatives World
    By JESSE EISINGER, ProPublica

    Andrew Harrer/Bloomberg News

    When the architects of the Dodd-Frank regulatory overhaul flinched from the most effective solution — breaking up the banks so that none would be too big to drag down the financial system — they forced regulators of the derivatives market into a cumbersome and potentially dangerous workaround.

    Those regulators are feverishly making lots of important, arcane rulings that are being followed only by insiders. They are replacing an opaque system prone to failures with a new, huge Rube Goldberg-like system that may reduce global financial risk. Or it may not. Nobody knows, not least the regulators themselves.

  • .Twitter ..The Commodity Futures Trading Commission, led by Gary Gensler, approved rules last month that would require derivatives clearinghouses to open their membership to firms that have as little as $50 million in capital. A clearinghouse is a central body through which trades take place. It is supported by its financial firm members. For instance, if JPMorgan Chase enters into a derivatives transaction with Goldman Sachs, their deal would go through a clearinghouse, which is liable for the trade if one of those banks fails.

    The big banks that dominate derivatives trading resisted letting in smaller firms, arguing that doing so would make the clearinghouses vulnerable. They have a point: a clearinghouse with a bunch of undercapitalized members would be more prone to failure, unable to pony up when one side of a trade defaults, and we would be back where we started.

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