@zelmo1234 I was mocking the inevitable liberal replies, I would think Peter and Captdon, knew that.
@zelmo1234 I was mocking the inevitable liberal replies, I would think Peter and Captdon, knew that.
‘There is no God but Resister and Refugee is his messenger’.
Book of Democrat Things, Chapter 1:1
Captdon (01-07-2018)
Peter1469 (01-07-2018)
You're wandering away from the point. What are you more likely to invest in, a gamble where you might lose everything or a sure thing where you can't lose? The sure thing is what regulation tries to provide. You can't lose. But you never really gain because you suffer no consequences if you decide wrong.
Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler
People who think a movie about plastic dolls is trying to turn their kids gay or trans are now officially known as
Barbie Q’s
You are wrong. Dead wrong. There are laws against murder, right? And yet murders happen. You're confusing punative law with regulatory law that assures people their investments are safe because the government will bail you out. Such laws encourage malinvestment. Such laws led to the Great Recenssion.
Remove the laws and you'd return to a time where reputation mattered.
Perhaps though, since you so readily say you'd see rip offs, cheating, theft, etc, that is what you would do?
Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler
Here you go, crep: The Political Implications of Ignoring Our Own Ignorance
...Regulators, too, fell victim to the combination of cognitive hubris and radical ignorance. They believed in the quality of bank risk management using the new tools.4 They also believed in the effectiveness of their own rules and practices.
A common post-crisis narrative is that banking was de-regulated in the Reagan-Greenspan era. Some pundits make it sound as if regulators behaved like parents who hand their teenagers the keys to the liquor cabinet, leave for the weekend, and say “Have a good time.” In fact, regulators believed that they had stronger regulations in place in 2005 than they did in the pre-Reagan era.
—Before 1980, mortgage loans held by banks were illiquid assets subject to considerable interest-rate risk. These problems were alleviated by the shift toward securitization.
—Before 1980, insolvent institutions were opaque because of book-value accounting. This problem was addressed with market-value accounting, enabling regulators to take more timely corrective action to address troubled institutions.
—Before 1980, banks had no formal capital requirements and there were no mechanisms in place to steer banks away from risky assets. This problem was addressed with the Basel capital accords (formally adopted in 1988), which incorporated a risk-weighted measure of assets to determine required minimum capital. In the 2000s, these risk weightings were altered to penalize banks that did not invest in highly rated, asset-backed securities.
Thus, it was not the intent of regulators to loosen the reins on banks. On the contrary, from the regulators’ point of view, it was the environment prior to 1980 that amounted to leaving the teenagers with the keys to the liquor cabinet. The post-1980 regulatory changes were believed to be in the direction of tighter supervision and more rational controls.
...
Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler
I and others disagree.
https://m.huffpost.com/us/entry/82639
People who think a movie about plastic dolls is trying to turn their kids gay or trans are now officially known as
Barbie Q’s
People who think a movie about plastic dolls is trying to turn their kids gay or trans are now officially known as
Barbie Q’s