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To: saveslivesbyday who wrote (287969)10/31/2010 10:31:10 AM
From: grusumRead Replies (1) | Respond to of 306849
 
the NYSE was founded in 1792. the SEC was founded in 1934. that's a long time to go without govie 'help'.



To: saveslivesbyday who wrote (287969)10/31/2010 4:58:14 PM
From: koanRespond to of 306849
 
<<"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"

It's a nice concept, but I would to see an example or two of how this has worked in the past.>>

The Lord of the flies is the definitive work of society without laws.

As you know, Capialism, e.g. Wall street, must be overseen by democratic laws and regulating itself is complete nonsense.

The whole thesis of civilzation has been laws based on reason. It was when we figured this out that we started to create human societies.

The consitution is laws.

Capitalism and corporations has to be overseen by laws, more than humans as it is sociopathic by definition.

The greed is good idea was how we lived before laws and civilization.