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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: sea_biscuit who wrote (57899)1/21/2009 7:52:00 PM
From: TimF3 Recommendations  Read Replies (2) of 224777
 
This news item should tell you how wonderful the regulatory mechanism has been in recent decades :

I've never claimed it was wonderful.

But it was extensive, and expensive, and generally growing.

That would sound like "complete lack of regulation"

If it was a complete lack of regulation (and of legislation with regulatory effect) there would be no need for any investigation. The answer would be simple. It would be "he got away with it because it was legal.

Madoff violated laws and regulations, which he could not have done had they not existed.

Also your trying to use the example of one person's actions to pretend that a regulatory regime that directly employs many thousands of people, spends many billions of dollars, and costs hundreds of billions or maybe more than a trillion to comply with simply doesn't exist. That's rather bizarre.
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