Hudsonvalley82
Well-Known Member
In response to your deregulation comments:
That also is funny. Had you actually had any vestment or conviction in libertarianism you would have been barking long before this. Decades ago, when captain Reagan put a crack in the regulatory damn, eventually ending up with the repeal of Glass Steagall in 99 (Clinton to blame there, along with Greenspan). That repeal caused derivatives to be viable financial options. Complex assets like that, who are only in existence due to the repeal of Glass Steagall, are the reason for these ridiculous specified regulations which you see so many of. It is just trying to plug the millions of finger holes in the dam. Regulation = fair practices = more stable economic growth, that doesn't easily collapse. Bottom line.
That also is funny. Had you actually had any vestment or conviction in libertarianism you would have been barking long before this. Decades ago, when captain Reagan put a crack in the regulatory damn, eventually ending up with the repeal of Glass Steagall in 99 (Clinton to blame there, along with Greenspan). That repeal caused derivatives to be viable financial options. Complex assets like that, who are only in existence due to the repeal of Glass Steagall, are the reason for these ridiculous specified regulations which you see so many of. It is just trying to plug the millions of finger holes in the dam. Regulation = fair practices = more stable economic growth, that doesn't easily collapse. Bottom line.