Push to regulate internet access...

[mookiemookie]

Originally Posted by Bilge_Rat

the internet is the last bastion of unfettered free speech...just look at the SH5 forum...

on a more serious note, the last thing we need is more government regulation, which is just another word for censorship, just look what the Chinese government is doing, you let the bureaucrats in and that is the future...

Self regulation has worked so well lately. Just ask Wall Street or BP.

[tater]

Originally Posted by mookiemookie

Self regulation has worked so well lately. Just ask Wall Street or BP.

Self regulation would have worked with Wall Street. It was not allowed to by the government. Betting the store on crap like CDS should have resulted in closed businesses, and bankers doing the right thing (jumping out of windows). Instead we get "too big to fail" and they are in fact rewarded for their misdeeds. Less government involvement would have resulted in more brutal, free market solutions (GM (and all their lazy workers driving up costs) would be toast, for example, as it should be).

Investors too stupid to diversify deserve everything they get (I don't think anyone bamboozled by Madoff or Enron should get any hand-outs, either, they were idiots, every single one of them).

[mookiemookie]

Originally Posted by tater

Self regulation would have worked with Wall Street. It was not allowed to by the government. Betting the store on crap like CDS should have resulted in closed businesses, and bankers doing the right thing (jumping out of windows). Instead we get "too big to fail" and they are in fact rewarded for their misdeeds. Less government involvement would have resulted in more brutal, free market solutions (GM (and all their lazy workers driving up costs) would be toast, for example, as it should be).

Investors too stupid to diversify deserve everything they get (I don't think anyone bamboozled by Madoff or Enron should get any hand-outs, either, they were idiots, every single one of them).

Or, a better solution - if we had never gotten rid of Glass Steagall and regulated CDS as they should have been, bailing people out wouldn't have been necessary.

[tater]

Originally Posted by mookiemookie

Or, a better solution - if we had never gotten rid of Glass Steagall and regulated CDS as they should have been, bailing people out wouldn't have been necessary.

If insanely risky, leveraged gambling was, erm, insanely risky, no one would do it*. There were (sensible) outfits that refused to partake. The same is true of mortgage backed securities.

Buying this crap is a choice. As long as the huge players feel invulnerable, they're going to try every possible risky thing—why not, the taxpayer will bail them out.

Letting a real correction happen would be painful, but ultimately better, IMHO.

* OK, a few would do it, regardless

[SteamWake]

Originally Posted by mookiemookie

Self regulation has worked so well lately. Just ask Wall Street or BP.

Wait you mean that wall street and the oil industry is not regulated ?! news to me.

[mookiemookie]

Originally Posted by SteamWake

Wait you mean that wall street and the oil industry is not regulated ?! news to me.

False dichotomy