Alan Greenspan and deregulation are what brought us here. On Sep 23, 10:15 pm, "M.A. Johnson" <[EMAIL PROTECTED]> wrote: > SgtUSMC > Sure, we can bail them out; don't regulate to control the situation > and we'll be bailing the bastards out again in a few years. We already > <snip> > > MJ > <sigh> > It is precisely DUE to these regulations that they are lining > up ... and will AGAIN after the New Planners give it a whirl. > > Regard$, > --MJ > > Regulation - which is based on force and fear - undermines the > moral base of business dealings. It becomes cheaper to bribe a > building inspector than to meet his standards of construction. > A fly-by-night securities operator can quickly meet all the > S.E.C. requirements, gain the inference of respectability, and > proceed to fleece the public. In an unregulated economy, the > operator would have had to spend a number of years in reputable > dealings before he could earn a position of trust sufficient to > induce a number of investors to place funds with him. Protection > of the consumer by regulation is thus illusory. -- Alan Greenspan --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
* Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
