Home › Forums › Financial Markets/Economics › The Anti-Regulators are the Job Killers
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January 18, 2011 at 7:50 AM #18409January 18, 2011 at 7:57 AM #655190
NotCranky
ParticipantI think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.
January 18, 2011 at 7:57 AM #655252NotCranky
ParticipantI think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.
January 18, 2011 at 7:57 AM #655848NotCranky
ParticipantI think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.
January 18, 2011 at 7:57 AM #655988NotCranky
ParticipantI think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.
January 18, 2011 at 7:57 AM #656318NotCranky
ParticipantI think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.
January 18, 2011 at 9:01 AM #655260ucodegen
Participant1) I think the OP is trolling in this case. The account name was created just to post this.
2) The referenced article is simplistic. Much more simplistic than a professor of Economics and Law should come up with. He took a something which had a surprisingly simple cure and spun it into a justification for something much more far reaching. The author also did not distinguish between regulation and the enforcement of existing regulation. There is a big difference between having regulation and not enforcing it versus not having the regulation in the first place.The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).January 18, 2011 at 9:01 AM #655322ucodegen
Participant1) I think the OP is trolling in this case. The account name was created just to post this.
2) The referenced article is simplistic. Much more simplistic than a professor of Economics and Law should come up with. He took a something which had a surprisingly simple cure and spun it into a justification for something much more far reaching. The author also did not distinguish between regulation and the enforcement of existing regulation. There is a big difference between having regulation and not enforcing it versus not having the regulation in the first place.The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).January 18, 2011 at 9:01 AM #655919ucodegen
Participant1) I think the OP is trolling in this case. The account name was created just to post this.
2) The referenced article is simplistic. Much more simplistic than a professor of Economics and Law should come up with. He took a something which had a surprisingly simple cure and spun it into a justification for something much more far reaching. The author also did not distinguish between regulation and the enforcement of existing regulation. There is a big difference between having regulation and not enforcing it versus not having the regulation in the first place.The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).January 18, 2011 at 9:01 AM #656058ucodegen
Participant1) I think the OP is trolling in this case. The account name was created just to post this.
2) The referenced article is simplistic. Much more simplistic than a professor of Economics and Law should come up with. He took a something which had a surprisingly simple cure and spun it into a justification for something much more far reaching. The author also did not distinguish between regulation and the enforcement of existing regulation. There is a big difference between having regulation and not enforcing it versus not having the regulation in the first place.The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).January 18, 2011 at 9:01 AM #656388ucodegen
Participant1) I think the OP is trolling in this case. The account name was created just to post this.
2) The referenced article is simplistic. Much more simplistic than a professor of Economics and Law should come up with. He took a something which had a surprisingly simple cure and spun it into a justification for something much more far reaching. The author also did not distinguish between regulation and the enforcement of existing regulation. There is a big difference between having regulation and not enforcing it versus not having the regulation in the first place.The cause of the whole financial collapse of cards is actually fairly simple. Risk was not correctly priced when it came to mortgage loans. Why?
1) You had Congress tampering with risk pricing through Freddie and Fannie.
2) Credit Default Swaps, which are really insurance policies, are not regulated as such. Credit Default Swaps are the sacred cows of the banking industry because they allow almost unlimited leverage.You can also expand this to include:
3) Lack of basic financial knowledge on the part of most of the populace.
4) Reduction in concepts of personal responsibility on the part of a large portion of the populace. (Entitlement generation).January 18, 2011 at 9:42 AM #655290briansd1
Guest[quote=Rustico]I think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.[/quote]
I actually agree with you, Rustico. Expecially in the case of departments that are funded by fees collected.
January 18, 2011 at 9:42 AM #655352briansd1
Guest[quote=Rustico]I think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.[/quote]
I actually agree with you, Rustico. Expecially in the case of departments that are funded by fees collected.
January 18, 2011 at 9:42 AM #655949briansd1
Guest[quote=Rustico]I think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.[/quote]
I actually agree with you, Rustico. Expecially in the case of departments that are funded by fees collected.
January 18, 2011 at 9:42 AM #656088briansd1
Guest[quote=Rustico]I think the people in code enforcement that go around jacking people in an attempt to fund their jobs and pensions don’t think regulation is bad.[/quote]
I actually agree with you, Rustico. Expecially in the case of departments that are funded by fees collected.
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