Quote:
Originally Posted by lostkiwi 
Companies don't need regulation. They have our best interests at heart. The Market will magically sort out all of our problems. Look at Wall Street -it is a shining example of how the push for deregulation (especially derivatives - which never had any at all) results in a prosperous economy that all benefit from.
Oh, wait.... *ring ring* "Hello Mr Greenspan. Yes, we know you have guided public policy towered deregulation under both parties. Yes, 40 years, uh huh. What do you mean, you were wrong? But..." *click*
Bummer

Companies don't need regulation. They have our best interests at heart. The Market will magically sort out all of our problems. Look at Wall Street -it is a shining example of how the push for deregulation (especially derivatives - which never had any at all) results in a prosperous economy that all benefit from.
Oh, wait.... *ring ring* "Hello Mr Greenspan. Yes, we know you have guided public policy towered deregulation under both parties. Yes, 40 years, uh huh. What do you mean, you were wrong? But..." *click*
Bummer
Don't get me started. The only place you can find a true "free market" is at a garage sale or flea market, the idea that financial markets were completely "hands off" by the government is preposterous.








. They'd be the first to renege when faced with the realities of socialism.