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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: slacker711 who wrote (126845)12/9/2009 10:24:44 PM
From: Dale Baker  Respond to of 540824
 
The markets cut off the money spigot for the worst offenders because capital providers simply won't take those kinds of risks for now.

But give them a few years to get their feet back under them and Wall Street will cook up some super-duper new crazy ways to make huge fees getting people to do stupid things with their money.

I've only been in the markets for a decade and a bit and I've seen them blow it up twice. Not a bunch to trust with the car keys.



To: slacker711 who wrote (126845)12/9/2009 10:49:22 PM
From: Sam  Read Replies (1) | Respond to of 540824
 
I am hoping that the catastrophic losses suffered by investors end up providing discipline for the markets,

That has never happened, and never will. The "discipline" lasts for a few years after the losses, but the animal spirits tske over as soon as the memory fades slightly away.