View previous topic :: View next topic
|
|
Author |
Message |
junodog4
Future Grumpy Old Man
Gender: Male
Location: Calgary
|
- #91
- Posted: 09/11/2012 16:24
- Post subject:
|
paladisiac wrote: | September 2008 really wasn't that long ago. Most people should be able to remember the financial collapse brought about by big banks taking advantage of minimal regulations regarding sub-prime loans, bundling a bunch of crappy loans up with a couple good loans and passing it all off as good loan bundles. Then there's the issue of banks being in the business of financial speculation when they really should just be there for savings, investments and general handling of money, not taking risks on stocks or 5/1 ARMs for people that can't afford the balloon payments.
Overregulation is the opposite of the problem. |
Sad thing is, in politics, people often forget critical things like this. I'd bet the Republicans could convince many Americans that the crisis was caused by over-regulation.
|
|
|
Back to top
|
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
HigherThanTheSun
Gender: Male
Age: 33
Location: UK
|
- #94
- Posted: 09/27/2012 01:12
- Post subject:
|
RFNAPLES wrote: | I bet neither of you viewed the Rand video! If you did, you weren't listening. |
I watched most of the video mate, which I deserve credit for bothering to do considering how many you post and how dull they generally are. He doesn't mention anything specific, just a vague theory that we could have avoided the 2008 crash if only our banks were less regulated (despite them being the least regulated they had ever been). It would be interesting to hear how he came to this conclusion but like I say, he doesn't actually tell us. The idea to me just seems crazy. _________________ Shut up mate you're boring!
|
|
|
Back to top
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
RFNAPLES
Level 8
Gender: Male
Age: 75
Location: Durham, NC, USA
|
|
Back to top
|
|
|
|