 Quote:
Originally Posted by ERD50
Thanks for taking up the challenge, that's a fine wish list of results, but not a plan to get there.
What I'm asking is - HOW do you regulate the "irresponsible fat cats and institutions" w/o also hurting the good guys? And also w/o taking choices away from responsible people.
lightly yours, -ERD50
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Hey... we probably have some common ground. There are some @$$h0les that have caused us harm... wreckless behavior that negatively affects us over and over again. Let's figure out a way to snuff them out... naturally no one is interested in constraining responsible people.
But even responsible people make mistakes. A certain level of regulation is needed just to paint the stripes on the road, so to speak. "Stay withing the lines." A good example (and I think it is universally agreed upon now)... those CDS derivatives that have been oversold with inadequate reserves and used as speculative side bets (by people who do not own the securities)... have caused many of us great harm.
Do you think there is some regulation needed there? You can see where a certain number of those corporations have harmed us. Or is that going to unreasonably constrain the good guys?
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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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