Will We Be Saved by Regulation?

[The Rabbi]

Every time a problem comes up the Left screams for more regulation. Have the thousands of pages of regulation we already have really made anything better?
Glass-Steagel was in force from the 1930s to the 1990s and there were plenty of bank failures all during that time. Sarbanes-Oxley came into being after the Enron scandal. But it failed to stop a lot of other failures. Not coincidentally it also stopped a lot of legitimate business, which moved to Europe and elsewhere.
Dodd-Frank has done nothing but enshrine Too Big To Fail, guaranteeing another taxpayer bailout down the road.
The SEC didnt discover the Madoff scandal until way too late.
And currently Obama's appointee at the Fed, Yellin, thinks she can keep interest rates at zero forever but will battle the inevitable bubbles through regulation. Good luck with that.
Why this faith in something that is a proven failure?

 

[Mad Scientist]

Glass-Steagal wasn't a failure, it was a huge success. It kept the deposit and investment banks separate.

Now some in Congress are trying to get it re-instated in a way that won't get them "JFK'ed" by the Bankster Mafia types.

 

[The Rabbi]

Glass-Steagal wasn't a failure, it was a huge success. It kept the deposit and investment banks separate.

Now some in Congress are trying to get it re-instated in a way that won't get them "JFK'ed" by the Bankster Mafia types.

What was it successful at doing?

 

[konradv]

Glass-Steagal wasn't a failure, it was a huge success. It kept the deposit and investment banks separate.

Now some in Congress are trying to get it re-instated in a way that won't get them "JFK'ed" by the Bankster Mafia types.

What was it successful at doing?

You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.

 

[The Rabbi]

Glass-Steagal wasn't a failure, it was a huge success. It kept the deposit and investment banks separate.

Now some in Congress are trying to get it re-instated in a way that won't get them "JFK'ed" by the Bankster Mafia types.

What was it successful at doing?

You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

 

[Sallow]

Glass-Steagal wasn't a failure, it was a huge success. It kept the deposit and investment banks separate.

Now some in Congress are trying to get it re-instated in a way that won't get them "JFK'ed" by the Bankster Mafia types.

What was it successful at doing?

Keeping the economy from a boom/bust paradigm we had until the law was enacted. And have AGAIN now the law was deep sixed.

 

[Sallow]

What was it successful at doing?

You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

It was a huge achievement.

Part of the reason for the middle class. Have a reliable economy, trusted and fair banking system, made it possible.

 

[konradv]

What was it successful at doing?

You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

It worked. What's dumb about that point?

 

[dblack]

The main thing is to have everyone doing the same thing.

 

[The Rabbi]

You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

It worked. What's dumb about that point?

It worked doing what? That was my point, retard.

 

[Billy000]

Every time a problem comes up the Left screams for more regulation. Have the thousands of pages of regulation we already have really made anything better?
Glass-Steagel was in force from the 1930s to the 1990s and there were plenty of bank failures all during that time. Sarbanes-Oxley came into being after the Enron scandal. But it failed to stop a lot of other failures. Not coincidentally it also stopped a lot of legitimate business, which moved to Europe and elsewhere.
Dodd-Frank has done nothing but enshrine Too Big To Fail, guaranteeing another taxpayer bailout down the road.
The SEC didnt discover the Madoff scandal until way too late.
And currently Obama's appointee at the Fed, Yellin, thinks she can keep interest rates at zero forever but will battle the inevitable bubbles through regulation. Good luck with that.
Why this faith in something that is a proven failure?

What so we should just let corporations do whatever they want? We should let paint companies be careless about the lead content in their products? We should let Big Pharma and the tobacco industry to put whatever they want in their products? Are those regulations failures?

Just because some regulations fail, it doesn't mean we should just deregulate everything. That's just retarded especially considering regulations by and large work. Why do they not always work? Too much corporate influence in our gov. Blame the lobbyists, not the very idea of regulation. And yes, sometimes they are poorly designed to begin with.

Overregularion is another issue. However even GDP must be sacrificed sometimes.

This isn't complicated.

 

[The Rabbi]

Every time a problem comes up the Left screams for more regulation. Have the thousands of pages of regulation we already have really made anything better?
Glass-Steagel was in force from the 1930s to the 1990s and there were plenty of bank failures all during that time. Sarbanes-Oxley came into being after the Enron scandal. But it failed to stop a lot of other failures. Not coincidentally it also stopped a lot of legitimate business, which moved to Europe and elsewhere.
Dodd-Frank has done nothing but enshrine Too Big To Fail, guaranteeing another taxpayer bailout down the road.
The SEC didnt discover the Madoff scandal until way too late.
And currently Obama's appointee at the Fed, Yellin, thinks she can keep interest rates at zero forever but will battle the inevitable bubbles through regulation. Good luck with that.
Why this faith in something that is a proven failure?

What so we should just let corporations do whatever they want? We should let paint companies be careless about the lead content in their products? We should let Big Pharma and the tobacco industry to put whatever they want in their products? Are those regulations failures?

Just because some regulations fail, it doesn't mean we should just deregulate everything. That's just retarded especially considering regulations by and large work. Why do they not always work? Too much corporate influence in our gov. Blame the lobbyists, not the very idea of regulation.

Overregularion is another issue. However even GDP must be sacrificed sometimes.

This isn't complicated.

Reduction ad absurdum argument. Rabbi Rules!

 

[Billy000]

Every time a problem comes up the Left screams for more regulation. Have the thousands of pages of regulation we already have really made anything better?
Glass-Steagel was in force from the 1930s to the 1990s and there were plenty of bank failures all during that time. Sarbanes-Oxley came into being after the Enron scandal. But it failed to stop a lot of other failures. Not coincidentally it also stopped a lot of legitimate business, which moved to Europe and elsewhere.
Dodd-Frank has done nothing but enshrine Too Big To Fail, guaranteeing another taxpayer bailout down the road.
The SEC didnt discover the Madoff scandal until way too late.
And currently Obama's appointee at the Fed, Yellin, thinks she can keep interest rates at zero forever but will battle the inevitable bubbles through regulation. Good luck with that.
Why this faith in something that is a proven failure?

What so we should just let corporations do whatever they want? We should let paint companies be careless about the lead content in their products? We should let Big Pharma and the tobacco industry to put whatever they want in their products? Are those regulations failures?

Just because some regulations fail, it doesn't mean we should just deregulate everything. That's just retarded especially considering regulations by and large work. Why do they not always work? Too much corporate influence in our gov. Blame the lobbyists, not the very idea of regulation.

Overregularion is another issue. However even GDP must be sacrificed sometimes.

This isn't complicated.

Reduction ad absurdum argument. Rabbi Rules!

Yes as usual you have no argument.

 

[konradv]

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

It worked. What's dumb about that point?

It worked doing what? That was my point, retard.

If you'd done the research I suggested, you wouldn't need to be name-calling.

 

[The Rabbi]

It worked. What's dumb about that point?

It worked doing what? That was my point, retard.

If you'd done the research I suggested, you wouldn't need to be name-calling.

So you have no answer. Typical.

 

[konradv]

It worked doing what? That was my point, retard.

If you'd done the research I suggested, you wouldn't need to be name-calling.

So you have no answer. Typical.

Already answered. The fact that you don't recognize it just underscores your bias. Perhaps if you spent less time name-calling and concentrated more on the content of a post, you wouldn't run into this problem so often.

 

[Kosh]

If you'd done the research I suggested, you wouldn't need to be name-calling.

So you have no answer. Typical.

Already answered. The fact that you don't recognize it just underscores your bias. Perhaps if you spent less time name-calling and concentrated more on the content of a post, you wouldn't run into this problem so often.

The far left calling some biased is so funny!

 

[konradv]

So you have no answer. Typical.

Already answered. The fact that you don't recognize it just underscores your bias. Perhaps if you spent less time name-calling and concentrated more on the content of a post, you wouldn't run into this problem so often.

The far left calling some biased is so funny!

Not as funny as you parroting the latest party line, all the while considering yourself a paragon of independent thinking.

 

[Siete]

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

It worked. What's dumb about that point?

It worked doing what? That was my point, retard.

it's been explained to you several times on this thread. AND YOU call others a RETARD ??


alrighteeeeeee then.

 

[Siete]

What was it successful at doing?

You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.

Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.

in terms even simpletons like you can understand ..


It prevented banks from using depositors' funds for risky investments such as the stock market...


do you need a 4th grader to read and explain it to you?