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Posted by: bigG 6 months, 2 weeks ago
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bigG6 months, 2 weeks ago
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"In the absence of risk, greed eventually overwhelms... in any market. And there is no amount of regulatory oversight that will prevent that. Regulatory oversight can and does delay it, but it will not prevent it."
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I disagree - with regulation of the credit default swaps and mortgage backed securities the present problem would not have happened. Repeal of Glass-Steagall in its' entirety was also a contributor.
People need to realize that these types of laws were enacted to prevent previous problems from recurring.
Greed is a totally different issue. It exists moreso in the absence of regulation than with it.
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