The Environmentalist Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Environmentalist Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: neolib who wrote (23461)	12/17/2008 2:21:59 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 36917

Neo, your ideological fantasies have led you to want BIG BROTHER kleptocratic bureaucracy to rule the world in ever greater detail: <Hedge funds and derivatives were largely unregulated, and that is where the problem lies. > It is not surprising that people who borrowed too much to buy assets which were too expensive are in trouble as are the lenders who loaned to people who obviously would not be able to repay the loans or service the interest. That problem goes back 1000s of years. It's called greed and stupidity. You presumably think that if there's a government loans officer to supervise all contracts then things will be better. That will mean extra costs on every contract to achieve nothing because the loans officers will work from premises even more faulty than those of the borrowers and lenders who at least have their self-interest at stake. The loans control officers [hordes of them will be required] will cause delays, costs and even bigger mistakes because people will foolishly presume that the government knows what it's doing. Governments are bad at running business decisions. They can't even run their own departments. Is there anything you think governments should not run? Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next