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We are not more regulated than ever before, that's just not true. Regulations are being removed and the regulators are more lax. Did you see what Madoff said a

by fnid 17y ago

We are not more regulated than ever before, that's just not true. Regulations are being removed and the regulators are more lax. Did you see what Madoff said about the regulator looking at his business? He called him a blow hard. I also don't think most consumers of banking products are able to determine the solvency of a bank. If the FDIC wasn't there, the account holders would be at greater risk even if they did care. I don't believe markets reform themselves. The market does what is in the individual best interest, not the interest of the market.

dantheman 17y ago
Just because the regulators are inept doesn't mean that there aren't more regulations. http://www.cato.org/pubs/policy_report/v31n4/cpr31n4-1.html http://www.cato.org/pubs/policy_report/v31n4/cpr31n4-1.html Perhaps an individual isn't able to tell, but consumer reports would be able to. Each individual working in their best interest reforms the market. If they believe that it is unfair, e.g. insider trading, then they will refuse to take part. Thus a market would form to cater to these individuals.