 Quote:
Originally Posted by ERD50
Chinaco, this is a total straw-man argument.
First, just because I believe that govt is too involved, and involved in the wrong ways, does not mean that I am in favor of a "wild west" scenario. There *are* degrees to this thing, and if *that* is your argument against a more free market, it is flawed and weak, weak, weak.
I'm tired of having the the "if you believe in less govt, you must believe in NO govt" words put in my mouth.
And, we were screwed by the people that made the regulations.
Exactly, and it was the govt that helped people take big risks. So how do we rely on them to "protect us" - see samclem's post above for the background.
Maybe later, if I have time, I may start a thread along the lines of "How should the govt regulate markets?" That would be in a positive, what should we do, constructive, maybe educational mode, rather than this mode of blaming a favorite target of whoever is posting.
-ERD50
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Sorry ERD?? I had no way of knowing you were a Phil Gramm booster. 
Lighten up! I was not criticizing you... just your buddy Phil. 
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Planned FIRE Summer 2011
Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.
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