Matt
Active Member
Agree. However, the whole conservative idea of small government seems to be backfiring, right? It's now painfully obvious that insurance/banking/loan companies need to be heavily regulated.
Mathiäs;7652152 said:Agree. However, the whole conservative idea of small government seems to be backfiring, right? It's now painfully obvious that insurance/banking/loan companies need to be heavily regulated.
Most of the politicians in Congress know fuck all about the economy. This is why there need to be more finance people elected into Congress so we don't have the fucking quagmire we have now with the economy.
I mean my god you got my jokeAs much as I like Rick, that was a pretty stupid comment.
Can't blame him. Look at that wife!
Michael Bloomberg ftw?
I mean my god you got my joke
Mathiäs;7653255 said:You're an asshole.
EDIT: Are you going to answer how heavily regulated business should be? I think this is a good subject.
Mathiäs;7653535 said:Oh sorry I didn't even see the question. I think businesses that hold as much economic influence as AIG did should be heavily regulated, so they don't doing stupid things like hand out millions of sub prime mortages and collapse when people can't pay them. Businesses that affect the whole world need to be controlled imo.
I don't how that would be done though.
Notice how I said 'most'?
Huh? Bloomberg isn't a Congressman. I was suggesting that he should be one (or even President). Seems like he'd do a better job than most.
Most of what has been going on deals with internal issues within these companies. It seems as though the traders weren't even monitored within their own company. The head traders weren't monitoring trades and were getting too risky with their trades. I don't consider Credit Default Swap investments as a proper 'hedge'. I consider them as 'speculation'. When speculation takes the place of hedging your risk, there are bound to be fuck ups.
Mathiäs;7654035 said:That's what should be monitored by the government, then - traders.
All traders or just ones with access to massive amounts of cash?
Go suck a bag of dicks
Mathiäs;7653255 said:You're an asshole.