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Ritholtz: Idiots Fiddle While Rome Burns

Started by morganb · 11 months ago

If you haven’t read this piece by The Big Pictture’s Barry Ritholtz you’re doing yourself a disservice:

There is a choice to be made: Either we regulate the Banks, or leave it to the vagaries of the free markets to punish those who trade with, or place their assets in the wrong institutions. But for God’s [...] ... Continue reading »

2 comments

  • mbradyrn

    11 months ago

    Well, we have given not regulating banksa fairly lenghty trial run with the Bush 8 years and that does not seem to have worked.Maybe it's time to admit that enlightened self interest of an individual can, at times, be at odds with the general good.

    I'm not sure how long a policy has to run before it can be considered failed -- but 8 years is a bunch of years.
    reply
  • morganb

    11 months ago

    Excellent, excellent point.
    reply

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