Does anybody else see that regulation is NOT the cure for the financial crisis?

A

anti-communist

New member
The Federal reserve is responsible. The artificial creation of credit through the banking system causes the boom/bust cycle.

You can regulate the banks and mortgage lending as much as you want.

All that means is the bubble will just show up somewhere else.

The government will eventually regulate that, so inevitably the government will control the economy and that is socialism.

We are already socialist.
 
disagree , regulations are rules to keep the financial industry honest . deregulation takes away these rules . for example , Dodd repealing Smoot - Hawley Act set up the conditions for the bubble and crash .
 
disagree , regulations are rules to keep the financial industry honest . deregulation takes away these rules . for example , Dodd repealing Smoot - Hawley Act set up the conditions for the bubble and crash .
 
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