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the winnipeg sandbox » winnipeg sandbox.. » manitoba... » No Regulations= Crooked Trading Firms in U.S.

No Regulations= Crooked Trading Firms in U.S.

2 posters

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rosencrentz

rosencrentz
uber-contributor
uber-contributor

http://www.nytimes.com/2009/03/05/business/05specialist.html?_r=1&ref=todayspaper
So 14 trading firms, because of the no regulations in the US system, cheated their customers.
How would this be illegal, if there were no regulations?

http://www.elansofas.com

Triniman

Triniman
general-contributor
general-contributor

It's precisely because of over regulation that we are seeing the trend towards reducing regulations. If only government kept its nose out of the business of business, the free market would keep businesses in line and profitable.

Guest

Anonymous
Guest

Isn't the sale of sub-prime mortgages, which are worthless, a result of no regulations? Don't forget that these same guys made up the term "derivatives".

Triniman

Triniman
general-contributor
general-contributor

The market would have corrected itself in due time. Now we have a massive socialist "stimulus" package that Jack Layton could die for, in the US.

Guest

Anonymous
Guest

Triniman wrote:It's precisely because of over regulation that we are seeing the trend towards reducing regulations. If only government kept its nose out of the business of business, the free market would keep businesses in line and profitable.

Well I know severel investors that are glad for our rules and not the freedom of the corrupt US system .
Bussiness will take care of its self funny they want our money to do it .

rosencrentz

rosencrentz
uber-contributor
uber-contributor

Both the Democrats under Clinton and the Republicans under Bush moved the system to " no regulations", and as well my friend "Madoff" concurred.
The result were the lying, lyars, and the cheating, cheaters had free run at the systems.
We see the result- 100's of business people are being arrested for fraud all over the US and billions of dollars have been removed from the evaluation of companies.
The mortgage debacle started it and there is no end in site.

http://www.elansofas.com

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the winnipeg sandbox » winnipeg sandbox.. » manitoba... » No Regulations= Crooked Trading Firms in U.S.

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