Identifying and prosecuting criminal behavior are well and good, but more government imposed rules and regulations will not eliminate occasional poor business decisions, such as seem to have occurred in this instance. Leftists such as Barack Obama and Elizabeth Warren will never be satisfied until private businesses are totally controlled by the federal government and, in reality, nationalized.
Even "Family Guy" tried to spell it out last night.
How will NOT having regulations help anything?!!! How will companies regulate themselves? They've enjoyed scores of deregulation over the last three decades and things have gotten worse all around.
hypnotoad72 and democracy8: who are you talking about? Nothing in my post advocates "self-regulation" or "NOT having regulations". I think you both need to calm down, maybe take a cold shower, and try to think rationally.
bubba31138: Pardon me if I misinterpreted your post. But I DO see many here that feel that regulation of any kind simply equals "bad". If you have other details to offer on your outlook, I sincerely would be interested in hearing them.
I think we can both agree that at least SOME form of regulation is necessary to avoid more of this insanity. Whether it currently does or doesn't exist is open for honest and civil debate. Truce?
More government regulation? As with Fannie Mae and Freddie Mac?
As with Bernie Madoff? As with the GSA?
PLEASE! Don't make me laugh.
JPM has been spanked hard their error, their stock price has tanked. Three executives have been fired.
Who was fired or punished for the home loan debacle? No one.
Yeah. Homeowners encouraged to buy more than they can afford because of the salesman's commission and bonus, not to mention offshoring of jobs (helped paid for by our taxes) meaning people can't repay the loans back... not to mention stagnating wages, etc...
And they were not spanked. It's not even a slap on the wrist.
PLEASE! Don't make me laugh with the obvious you clearly choose not to see.
Ok, you guys are comparing apples and oranges here. But yes you're right.
That being said, lets get back to the subject of this thread.
Should the government regulate market trades by individuals, corporations, and more specifically banks?
I say other than insider trading rules, that are already in affect. NO
Its not the job of the government to guarantee that you make a profit. Its only the government's responsibility to foster a fair and equitable business environment.
The government should NEVER EVER bail out a private company for any reason.
The government should also NEVER EVER get into private business, but rather create opportunities for private business to fill in the gaps. (ie.. business opportunities)
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How will NOT having regulations help anything?!!! How will companies regulate themselves? They've enjoyed scores of deregulation over the last three decades and things have gotten worse all around.
So what's YOUR solution?
I think we can both agree that at least SOME form of regulation is necessary to avoid more of this insanity. Whether it currently does or doesn't exist is open for honest and civil debate. Truce?
As with Bernie Madoff? As with the GSA?
PLEASE! Don't make me laugh.
JPM has been spanked hard their error, their stock price has tanked. Three executives have been fired.
Who was fired or punished for the home loan debacle? No one.
And they were not spanked. It's not even a slap on the wrist.
PLEASE! Don't make me laugh with the obvious you clearly choose not to see.
That being said, lets get back to the subject of this thread.
Should the government regulate market trades by individuals, corporations, and more specifically banks?
I say other than insider trading rules, that are already in affect. NO
Its not the job of the government to guarantee that you make a profit. Its only the government's responsibility to foster a fair and equitable business environment.
The government should NEVER EVER bail out a private company for any reason.
The government should also NEVER EVER get into private business, but rather create opportunities for private business to fill in the gaps. (ie.. business opportunities)