Politics
Out of context: Reply #12034
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- mathinc0
^ ukit,
Regulations regulations regulations.. do you even recognize that regulations are merely the game that is set up to be exposed and exploited by bankers? I guess you, like most of your cohorts, who love to cry 'MORE REGULATIONS!!!' don't have any experience in business. What we need are not more regulations.. we need more oversight. These are two completely different things. Regulations are the rules of the game. Oversight is a constant referee interpreting the game, making sure that exposure and exploitation don't happen at the level we've witnessed. We need gov watchdogs who don't just police your beloved regulations, but simply keep up with what's happening within banking markets to make sure that people aren't gaming the system the way these CDO's and Credit Default Swaps did. Regulators didn't see these for what they were, but insiders and other investors did, see the problem? Regulations might help you sleep at night, but they don't do a whole lot when you have creative bankers working 20 hour days finding loopholes. But yeah, keep banging on about how reduced regulations are the problem. Increasing oversight over these industries helps keep policy as fluid and creative as the bankers. Push for that sort of system.. not increased regulations.
- Look at what regulations did to US farmers. Put them out of business while corporate farms got kickbacks.********
- Look at what regulations did to US farmers. Put them out of business while corporate farms got kickbacks.