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I think it's reasonable to say that both things are bad. We need more stringent regulation and we need to stop bailing out bad actors. I can't fathom why the
by munk-a 4y ago
I think it's reasonable to say that both things are bad. We need more stringent regulation and we need to stop bailing out bad actors. I can't fathom why the government voluntarily dialed FDIC insurance up to infinity for this particular bank crash - the rules around how FDIC insurance should work are extreme clear.
- DrThunder 4y agoEither the government wants more control over the market, and failing banks that require bailouts does that or they're just receiving so much money under the table from these people it behooves them to bail them out. I think stopping the bailout is in effect mostly enough "regulation" on its own. Anything else requires very good analysts watching this stuff and enforcing the regulation. From what I've seen, the government is very bad at enforcing most of their regulation. They're unable to do it with firearms, and they're unable to do it with the financial industry.