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I suspect many people who want to "simply re-regulate financial institutions the way [the US] did during the period from the 1930s through the 1990s" are not fu
by othermaciej 15y ago
I suspect many people who want to "simply re-regulate financial institutions the way [the US] did during the period from the 1930s through the 1990s" are not fully aware of what those regulations entailed, or why they were repealed. The example I cited might be a motivating factor for such people to get more informed before they decide what they "like". I would further add that counting "like"s is probably not the best way to figure out how to reduce systematic risk in the financial system.
- jonhendry 15y ago"are not fully aware of what those regulations entailed, or why they were repealed. " But they are fully aware that the system worked pretty well, and was pretty stable, for decades, although it wasn't quite as profitable for the financial industry.