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Posted by: altnrg 1 year, 2 months ago

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altnrg1 year, 2 months ago

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"
Chomsky: Yes, but if it is well managed, like Goldman Sachs, it will cover its own risks and absorb its own losses. But no financial institution can manage systemic risks. Risk is therefore underpriced, and there will be more risk taken than would be prudent for the economy. With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.
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I agree with this that it is never black and white, There must be a certain level of regulation in order to prevent scammy manipulations.

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