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the only way we can prevent wall street's financial crises

Posted on: April 8, 2012 at 19:38:38 CT
Gadfly MU
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is with regulation

like we did in the 1930s and it prevented major financial crises and their depressions for over 50 years

letting a few banks go bankrupt wouldn't solve it

and if you are saying we need to let our entire financial system collapse

which would cause a real great depression the likes we have never seen before

and thereby destroy the economic lives of most americans for decades

in order to prevent this from happening in the future

when that is totally unnecessary

then your fix is ****

your laissez faire fantasies are delusional






Edited by Gadfly at 19:40:33 on 04/08/12
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the fed didn't securitize a single mortgage - Gadfly MU - 4/8 18:01:22
     question is would there have been dot-com and real estate - kbit MU - 4/8 19:47:34
          there wouldn't have been a major financial crisis - Gadfly MU - 4/8 21:37:12
               If the gov't hadn't almost forced banks to - GA Tiger MU - 4/9 07:13:37
                    this argument over frank v dereg is a wash imo - kbit MU - 4/9 07:34:29
                         Certainly many factors at play. But what started the - GA Tiger MU - 4/9 07:42:27
               by your logic there should not have been econ cycles at all - kbit MU - 4/9 05:54:58
     But the fed IS prolonging the pain and - GA Tiger MU - 4/8 19:09:32
          keeping interest rates low has done the opposite - Gadfly MU - 4/8 19:20:10
               Note my clever use of the word "prolonging".(nm) - GA Tiger MU - 4/8 20:09:12
               'less is more' when it comes to the correct econ approach - kbit MU - 4/8 19:52:43
     Having a central bank that manipulates interest rates - ummmm MU - 4/8 18:59:13
          they needed to be bailed out - Gadfly MU - 4/8 19:22:09
               You just defined the bankruptcy process - ummmm MU - 4/8 19:25:43
                    that is not the bankruptcy process - Gadfly MU - 4/8 19:27:30
                         You're right, private actors would never voluntarily - ummmm MU - 4/8 19:29:18
                              nm - ummmm MU - 4/9 09:26:06
                              I take it you skipped class the week they covered - Fat Drunk and Stupid MU - 4/9 02:31:52
                                   Go ahead and enlighten me, professor - ummmm MU - 4/9 09:26:40
                              the only way we can prevent wall street's financial crises - Gadfly MU - 4/8 19:38:38
                                   This isn't an academic exercise - ummmm MU - 4/8 19:48:09
                                        market equilibrium cliche is a fantasy - Gadfly MU - 4/8 21:39:23
                                             you have weird fantasies - SoCalTigr UM - 4/8 22:05:51
                                                  Well - Panthera MU - 4/9 16:57:05
          He isn't saying that, because that would be - GA Tiger MU - 4/8 19:10:16
               i disagreed with them about how to do the bailout - Gadfly MU - 4/8 19:24:57
                    Recapitalized? What the hell was the bailout? - GA Tiger MU - 4/8 20:11:20
                         the stimulus was not massive - Gadfly MU - 4/9 00:30:20
                              Sure. Reward total irresponsibility again. That is - GA Tiger MU - 4/9 07:16:38




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