Comment 28066

By Brandon (registered) | Posted January 08, 2009 at 17:42:05

A Smith,

I noticed that you conveniently deleted all references to CDSs, which are the root cause of everything that went wrong. That is your perfect example of people taking advantage of lack of regulation to make huge profits with no concern for long-term risk. If I could trust people to work for long-term gains, I'd have no problem with deregulation. As it stands, most people only see short term gains and are willing to sell the world up the river to get it.

Many companies are too good to be true and there will always be investment bubbles. Keep in mind that brokers get paid for the trades, not for the success of the stocks that they sell. A huge part of how Enron happened was due to deregulation of the California power market though.

As far as the bad loans, I know that I don't know enough about it, in fact I said as much in my previous post, which is why I don't offer anything but a highly qualified opinion on it.

I am disappointment in you're grammar.

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