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Samnospam
Advisor

it was deregulation that caused the problem?

just completely false. regulations that existed were not enforced. http://www.bloombergview.com/articles/2014-09-26/the-secret-goldman-sachs-tapes?alcmpid=view
12 Replies
r3020
Senior Advisor

Re: it was deregulation that caused the problem?

Waste and fraud........

hardnox
Advisor

Re: it was deregulation that caused the problem?

I'll go ahead and commit to the folly of responding to something that has been selected for the purpose of confirmation bias.

 

The fact that regulatory capture is nearly complete in regards to what regulation remains doesn't prove your case.

 

Let's suppose that it is made illegal (or no longer illegal to shoot at people assuming you don't hit them. Then the authotities fail to prosecute when there is an unfortunate accident.

bruce MN
Advisor

Re: it was deregulation that caused the problem?

Michael Lewis?  Progress.

bruce MN
Advisor

Re: it was deregulation that caused the problem?

There is a perfect opportunity to fix it.  Spitzer.  He's aready been run through the mud so has antibodies on that, so they'd have to kill him, which would be hard to do with people watching.

 

Get a start on it for a couple of years and then ramp it up under the Warren Administraton.

 

Or.........keep on keeping on and run the conveyer fast enough to maketthe cream float.

 

 

 

 

bruce MN
Advisor

Kudos to your Senator Brown and one of his compadres...

...for taking an active interest in this and pulling the curtains back....

 

http://www.bloomberg.com/news/2014-09-26/new-york-fed-denies-allegations-of-bank-supervision-lapse.h...

 

 

bruce MN
Advisor

Money shot...

SNIP from your article:

 

Beim was himself surprised that what he thought was going to be an investigation of financial failure was actually a story of cultural failure.

 

----------------

 

The failure ot regulate is endemic in our culture...in every part of it.  Unless you are a poor person with 2 maijauna seeds under the floor mat of your old car or a hobby level farmer wo keeps back some soybean seed for next year or someone like that  

 

Call your twp., county or state environment officials some time and report a blatant infraction by one of your neighboring BTOs and see how the gears can get jammed.  

Samnospam
Advisor

Re: Money shot...

as your post confirms, regulation is for the unconnected. regulation exists to give advantage to some and bribery money to regulators.
bruce MN
Advisor

Re: Money shot...

Closest to bribery for lower level regulators is simply being able to keep your job.  The greased palm scene is higher up the chain  but, yes, most surely exsts.

Samnospam
Advisor

Re: Money shot...

the lowest levels of government exist to surf porn.