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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (568802)	5/29/2010 12:23:29 PM
From: combjelly	Read Replies (2) \| Respond to of 1578732

"Repeal of Glass Steagall was a joint D/R ripoff initiated by GS. " That is true. "How is that a libertarian view?" Because regulation is an unconscionable drag on business. Businesses can regulate themselves because it isn't in their interest to take uncompensated risks. The fly in the ointment is that without regulation, they can structure things so they can get short term benefits without risk. In fact, as we have seen, they can even structure things so they can profit whens things go wrong. Now long term, the economy may collapse, but that is many bonus cycles into the future...