Wall street protests

[UNDR8D]

Exactly

 

[klyph]

Like I said before, there's no need to take our rights away when they can just make them completely unaffordable. Greed drives tyranny.

 

[UNDR8D]

Like I said before, there's no need to take our rights away when they can just make them completely unaffordable. Greed drives tyranny.

I'm so confused...you keep alternating between logic^ and insanity...

 

[Celerity]

You're both insane.

 

[UNDR8D]

You're both insane.

You mean Cliff and Klyph?

 

[klyph]

When the truth is insanity, only the insane can see the truth.

 

[Celerity]

That, or you're a nutcase.

 

[UNDR8D]

When the truth is insanity, only the insane can see the truth.

See there he goes making sense again...

 

[SlushboxTeggy]

Strap up, it's going to be a long ride.

 

[UNDR8D]

ooo ooo ooo make one for me!

 

[UNDR8D]

obama disagrees, just for the record.

socialist.

Obama says capitalism and liberty don't work - YouTube

This one is kind of a mixed-response situation. In many ways he's wrong. It has worked and regulation has largely created more harm than it has spared. However, I am beginning to believe the problem to not be simply that the regulation exists but rather, that it is misdirected.

 

[B16]

For Capitalism to work as designed, you need to remove the regulation all together.

 

[SlushboxTeggy]

This one is kind of a mixed-response situation. In many ways he's wrong. It has worked and regulation has largely created more harm than it has spared. However, I am beginning to believe the problem to not be simply that the regulation exists but rather, that it is misdirected.

Regulation is just red tape without enforcement. Regulation to the financial community is what steroids regulations are to baseball. If you don't "test" why wouldn't people abuse the rules?

Madoff, Worldcom, Enron, etc. They all SHOULD have been caught earlier. It's kind of sad that fraud has to collapse a company before the SEC knows about it.

 

[Drake]

Thats generally what has to happen when a bunch of bureaucrats run the agency that is supposed to be providing the oversight. If the folks who are supposed to be the watch dogs know nothing about banking or finance but know a whole boat load about the regulation they are missing half of the equation.

 

[SlushboxTeggy]

The SEC is a revolving door of the industries executives. That's one of the problems. They know plenty about the industry and have every intention of returning to it.

 

[Drake]

I guess I just assumed it ran like every other agency ha ha

 

[UNDR8D]

For Capitalism to work as designed, you need to remove the regulation all together.

If legislators truly understood the dynamics of capitalism, regulation could be used to enhance the outcome. It's all about incentives and working them to the advantage of one party or the other. The steel tariffs in the 70's created incentives for foreign competition to make a better product at a lower price while disincentivizing advancement here. A policy that would produce the opposite effect would be met with an unbearable amount of opposition and would never make it off a jr. senator's desk...

 

[TurboMirage]

did you guys hear that they cleaned out occupy boston?

http://www.nytimes.com/2011/12/11/us/police-evict-protesters-from-occupy-boston-site.html

 

[hondarin]

For Capitalism to work as designed, you need to remove the regulation all together.

I disagree with this. Haven't you ever read "The Jungle" ?

 

[UNDR8D]

Like I said, regulation can be used to our advantage or our detriment...however well intentioned, it has been historically detrimental...