re: The lack of regulation

Current Events » in reply to The lack of regulation is part of the cause of the current crisis.

TB — 3/16/2008 11:22:24 PM (archived)

I've been reading other opinions today that say it's not the lack of regulation, but just investment banks doing stupid things that still would have been legal under the old regulations. This kind of legal/finance stuff is out of my range, so I can't judge one way or another.

My main point still stands: Any industry that relies on government bailouts has no moral standing to object to government calling some shots.

The whole thread (20 posts)

Too much deregulation? Maybe. - TB - 3/16/2008 2:44:06 PM
- The lack of regulation is part of the cause of the current crisis. - Bowser - 3/16/2008 11:15:10 PM
  - If I owned Bear Stearns stock at last Friday's close - TAFKASE - 3/17/2008 1:41:13 PM
    - Just saw the figures: market Cap on Friday was 3.5 Billion - TAFKASE - 3/18/2008 1:31:38 AM
  - re: The lack of regulation - TB - 3/16/2008 11:22:24 PM
    - There's no one cause for this sub-prime mess. - TAFKASE - 3/17/2008 1:49:23 PM
      - re: what? - Yeti - 3/18/2008 3:07:38 AM
        
        Who says the bets were crappy? - TAFKASE - 3/18/2008 3:08:57 PM
        
        The debt swap market, wherein ultimately the instruments are valued. - Yeti - 3/19/2008 2:43:43 AM
        
        for some securities there is no market-place so you can't clearly establish a "market value. - TAFAKSE - 3/19/2008 3:37:08 PM
    - Geez, another interest rate cut. - TB - 3/16/2008 11:24:11 PM
      - Its not over... Bernake looks like he is more confused the George Bush at a Mensa meeting. - TAFKASE - 3/18/2008 1:29:25 AM
        
        pushing a string - Yeti - 3/18/2008 3:05:03 AM
      - In this case it's a helicopter, not an airship. (n/t) - podrock - 3/17/2008 3:54:22 AM
      - Wghat happens when interest rates drop to the point... - Lee - 3/17/2008 1:13:32 AM
        
        The Fed Rate is the rate at which they borrow money. - TAFKASE - 3/18/2008 9:11:32 PM
- Actually, that pretty much sums up my point of view. - ER - 3/16/2008 5:58:48 PM
- The US is socialist for the favored corporations. - Bowser - 3/16/2008 5:47:31 PM
  - "money to funnel to the wealthy" - TB - 3/16/2008 7:03:24 PM
    - You didn't even follow the directions, did you? Why, oh why, should I bother??!! (n/t) - Bowser - 3/16/2008 8:12:27 PM

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