Flame — HabitableZone

Flame » in reply to And the myth of "unregulated capitalism"

Of course there are regulations. That's why hedge funds and derivatives were created.

They were not regulated. And enormous amounts of capital, much of it from the Bush tax cut windfall, poured into those unregulated, highly leveraged instruments. The capital which was alleged to create jobs but didn't.

And when the economy hit a speed bump, the margin was called on those unregulated, leveraged documents. Attractive because they were not regulated, as are stocks to some degree.

And that's when the collapse occurred.

The stock market wasn't the impetus for that collapse. Because it is regulated to some degree, at least as to margin.

Capitalism has failed because of human nature. Simple and obvious.

The only time you've been correct is regarding the Israeli or American attack on Iranian nuclear facilities. AND, if I chose to pursue it, I could use the covert American operations as an attack. You weren't all that accurate. At all.

The $50 is for a good cause so the hell with it. And I could have made a fortune betting against you.

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