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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: pcstel who wrote (145933)9/16/2014 11:17:32 PM
From: Wharf Rat  Read Replies (1) | Respond to of 149317
 
"Here are more unintended consequences of Federal Government regulations"

Here is an intended consequence of no Federal Government regulations.


and here is an unintended consequence of thinking federal regulations are unnecessary...

"I have found a flaw" in free market theory, Greenspan said. "I don't know how significant or permanent it is," Greenspan added. "But I have been very distressed by that fact"...."I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such as that they were best capable of protecting their own shareholders and their equity in the firms," .
nytimes.com

and, finally, the unintended consequences of thinking federal regulations are for others, and the intended consequences of federal regulations meant for those thinking federal regulations were for others.

The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation

en.wikipedia.org