Quote:
Originally Posted by PBzeer
Hawg - so you mean the government has a responsibility not to let people and companies make stupid, unwise, or other bad decisions?
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There a difference between Government regulations say for example concerning interstate trucking, and regulating finance. In the financial arena, companies are playing with other peoples' investments. Money. The regulations are in place to constitute a certain level of protection of those monies. Without regulation, what's to stop John from opening up Jim-Bobs investment group, grabbing a bunch of cash and heading for the Bahamas?
There was a reason these regulations were put in place after the Great Depression. I think that a part of the problem is that people who don't study history are doomed to repeat it.