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To: Maurice Winn who wrote (70351)9/12/2008 4:41:51 PM
From: carranza22 Recommendations  Read Replies (1) | Respond to of 74559
 
If you the socialist wish to lend to TJ the racist, I don't see why I should provide a supervisory body to determine the interest rates you receive, inspect the collateral you accept, the debt ratio TJ has, or anything else about the commercial relationship.

As a proper socialist, I would simply give TJ everything he wanted on very generous terms. You too, provided you didn't tar me as a socialist but instead referred to me as an enlightened humano-rationalist.

Some regulation of financial markets is good and proper for the same reason the production of food is regulated, namely, there are too many sleazy operators out there who would fleece the unwary unless some penalties for bad behavior are imposed. The extent to which regulation reached into the markets is of course a subject of lively debate. I take it you are all for tooth-and-fang survival of the fittest with no limitations on the financial wolves who fleece the sheeple. Such a view naturally transmogrifies me, a dyed in the wool capitalist, into a lily-livered socialist.

I wonder, is there anyone to the right of you?