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> That's the real problem, and that is where proper regulation can help. And where improper regulation can make things worse. Given recent history, what's mor
by anamax 16y ago
> That's the real problem, and that is where proper regulation can help.
And where improper regulation can make things worse. Given recent history, what's more likely?
You don't get to assume that unicorns will appear this time when talking about a situation in which ogres have been the status quo.
- nl 16y agoElsewhere in the world it's worked fine. From my point of view recent history seems to show the current approach in the US doesn't work. I'd be interested to hear how less regulation would have avoided the sub-prime financial crisis?
- anamax 16y ago> I'd be interested to hear how less regulation would have avoided the sub-prime financial crisis? If we hadn't had the regulations that "encouraged" banks to do subprime mortgages, they wouldn't have been as common. If regulators hadn't invented risk-free securitization (via insurance).... If regulators hadn't "encouraged" banks to hold fannie and freddie stock (through tax policy and declaring it to be risk-free)....