Yeah! We don't need no stinking banking regulation!!
not the type that we've had that's for sure. Lack of banking regulation didn't cause the problems we're in, rather it's the incentives that the Feds created that helped cause the problem we're in...
Hmmm, what incentive did the Feds create which led to the 60 trillion dollar CDS market?
i wasn't specifically referring to the cds market, but even then, would regulation necessarily fix the problem? http://www.portfolio.com/views/blogs/market-movers/2008/10/19/why-the-cds-market-didnt-fail?tid=true
another good onehttp://mises.org/story/3139
and this one, in 4 easy stepshttp://mises.org/story/3130
Maybe? The comments section of that article (appear to me) to suggest other possibilities.Honestly? The entire mess doesn't inspire much confidence in capitalism on a large scale. We're over 70% out of the market at this point....
Re: last Skibfreeorf-off comment, I thought you we're saying "Feds" as in the Dubya et al, as opposed to the FED.Yeah, no doubt cheap credit ain't all that great for the savings challegned in 'merica.
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