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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (287960)10/31/2010 10:10:09 AM
From: grusumRead Replies (2) of 306849
 
Financial markets left unregulated are like a jungle - greed and corruption will unfortunately prevail unless the system is regulated.

government only needs to regulate financial markets if they insure the markets. if government doesn't insure, then taxpayers aren't at risk.

the NYSE could have the same regs that are imposed by the SEC (government) if they chose to. i'm not against regulation itself, i'm opposed to a monolithic, brain dead government doing it. the NYSE could come up with its own regs and it would. they would have to be in the publics best interest or the public would participate much less and their profits would decline. in their own self-interest, they would protect the public with their regs so that their profits would increase with more public participation. it would be the same way with every other business too. those that didn't protect the public would die off. laws against fraud should of course stay on the books. but laws against fraud aren't regulation. and private regulation is much better than government regulation.
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