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To regulate or not to regulate?

VaYank5150

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Did anyone see this on "60 Minutes" last night?
Author Michael Lewis On Wall St's Delusion - 60 Minutes - CBS News
"Wall Street is able to delude itself because it's paid to delude itself. I mean one of the lessons of this story is that people see what they're incentivized to see. If you pay someone not to see the truth, they will not see the truth. And, Wall Street organized itself so people were paid to see something other than the truth. And that's one of the central messages of this story. You have to be very careful how you incentivize people, 'cause they will respond to the incentives," Lewis explained.
 
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ihopehefails

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Did anyone see this on "60 Minutes" last night?
Author Michael Lewis On Wall St's Delusion - 60 Minutes - CBS News
"Wall Street is able to delude itself because it's paid to delude itself. I mean one of the lessons of this story is that people see what they're incentivized to see. If you pay someone not to see the truth, they will not see the truth. And, Wall Street organized itself so people were paid to see something other than the truth. And that's one of the central messages of this story. You have to be very careful how you incentivize people, 'cause they will respond to the incentives," Lewis explained.

In other words we have to regulate someone elses behavior because its better for government to automate our society into some kind social factory.
 

ihopehefails

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how about regulating congress

That is why we have the constitution but it seems odd that the congress wants to regulate everyone else's lives yet object when we want to regulate their lives.
 

Dante

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Did anyone see this on "60 Minutes" last night?
Author Michael Lewis On Wall St's Delusion - 60 Minutes - CBS News
"Wall Street is able to delude itself because it's paid to delude itself. I mean one of the lessons of this story is that people see what they're incentivized to see. If you pay someone not to see the truth, they will not see the truth. And, Wall Street organized itself so people were paid to see something other than the truth. And that's one of the central messages of this story. You have to be very careful how you incentivize people, 'cause they will respond to the incentives," Lewis explained.

In other words we have to regulate someone elses behavior because its better for government to automate our society into some kind social factory.

Wall Street is not a person. Wall Street is a financial system which functions best with regulation. The arguments is usually over how much regulation, not whether to regulate.

Without rules, there would be no system.

then we have fruitcakes who believe in self-regulation.

see? everyone with half a brain supports regulation.

:eusa_whistle:
 

Dante

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Yurt

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we do---it's called elections.

:cuckoo:

you idiot, that doesn't regulate them, that simply gives them the power of office and lately it seemingly doesn't matter if they have a d or an r next to their name

we regulate their terms in office.

we regulate what they can and cannot do.


sucks to be you

we don't regulate their terms nor do we regulate what they can and cannot do....THEY do...

your vote merely gives them the power, they can do whatever they want once in office. they can give themselves raises, pass unpopular legislation, give wall street billions...and what can you do about it? not a fucking thing. its already done, all your vote does is maybe change the person sitting in the seat, you can't take, for example, TARP back....

silly fool
 

Dante

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you idiot, that doesn't regulate them, that simply gives them the power of office and lately it seemingly doesn't matter if they have a d or an r next to their name

we regulate their terms in office.

we regulate what they can and cannot do.


sucks to be you

we don't regulate their terms nor do we regulate what they can and cannot do....THEY do...

your vote merely gives them the power, they can do whatever they want once in office. they can give themselves raises, pass unpopular legislation, give wall street billions...and what can you do about it? not a fucking thing. its already done, all your vote does is maybe change the person sitting in the seat, you can't take, for example, TARP back....

silly fool

we do regulate congress

:cuckoo:
 

Yurt

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congress regulates itself, simply repeating your stupid comments over and over doesn't change reality....if congress wants to change one of their ethics laws, guess what....you don't change it, they do...if congress wants a raise, guess what....you don't change it, they do
 

Dante

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congress regulates itself, simply repeating your stupid comments over and over doesn't change reality....if congress wants to change one of their ethics laws, guess what....you don't change it, they do...if congress wants a raise, guess what....you don't change it, they do

the ethics rules are not laws. congress of course runs itself. wtf do you want, a citizen's committee micromanaging congress? what are you a socialist? :eek:

we regulate congress in the sense that we get to say who gets to sit in congress.

don't like the result? then stop acting like a nut and try to persuade people that you have ideas in place of crazy old complaints and whines.

:doubt:
 

Dante

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lmao...you don't even realize you just admitted i'm right

:lol:

I understand you think you are right. I understand that Congress gets to regulate how they do business, but that is not the same thing as regulating Congress.

Nuanced topics might be lost on you, and that's a sad thing...but the electorate regulates the Congress. We allow them to make rules to function, but the electorate has the final say.

when stupid people argue over semantics it usually leads to them thinking they've won something.

sucks to be you

Congress is self-regulating only in the sense of what we and the Constitution allow it to do. The ultimate power not rest with Congress.

Congress has to play by rules...rules we set.
 
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Yurt

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this is embarrassing, i'm degrading myself by further arguing with this idiot
 

Dante

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this is embarrassing, i'm degrading myself by further arguing with this idiot

you still having a difficult time grasping the nuances? figures.

The Congress is regulated by elections. The Congress is not all powerful. They have to play by rules they cannot change.

you are stuck on stupid and a on micro level. Everyone and everything is self-regulating when your definition is used. you really do need to step away from whatever it is you keep sticking up your ass that makes your head swell up with delusions of intelligence.

:eusa_whistle:
 

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