You posed a question, I answered it. I posed a question, you ignored it.

Current Events » in reply to Seventy years of regulation after regulation

Bowser — 12/27/2008 10:12:31 PM (archived)

And now you're implying OVER-regulation is responsible for the current financial collapse.

There is a "paradigm" problem. One of us is not on the same page, chapter, book or volume.

And the other explained how regulation kept the stock market from tanking.

The lack of regulation allowed the end-run which led to the leveraged excesses and disaster. The fatal flaw of unfettered capitalism, greed, took over. Again.

It's human nature, as McFly pointed out.

Your system failed, TB. Collapsed. Doesn't work. For the second time. You're standing in the shambles of a ruined model and not seeing it. We were warned with Enron and WorldCom, but didn't heed the warnings.

The real world awaits, any time you'd like to open your eyes to some of the basics, such as cause and effect, greed, pride, and envy.

Arf

The whole thread (8 posts)

After catastrophic failures, free enterprisers want to start the looting again. - Bowser - 12/27/2008 6:33:11 AM
- It's the nature of The Beast - McFly - 12/27/2008 6:39:10 PM
- They want it both ways. - Jacob - 12/27/2008 5:28:26 PM
- re: catastrophic failures - TB - 12/27/2008 7:58:43 AM
  - Maybe you can explain the contribution of derivatives to the economy. - Bowser - 12/27/2008 2:16:05 PM
    - Seventy years of regulation after regulation - TB - 12/27/2008 9:35:20 PM
      - You posed a question, I answered it. I posed a question, you ignored it. - Bowser - 12/27/2008 10:12:31 PM
        
        re: I answered it. - TB - 12/28/2008 3:21:57 AM

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