There are laws regulating investment. Laws cannot however prevent lawbreakers from concocting schemes. The problem isn't that there aren't regulations in place it's simply a matter of whether dishonest people will follow them. Compare it to any other crime such as murder. It's against the law but it still happens.
Laws regarding investment can change, the Clinton administration deregulated investing in a way that lead directly to the bubble. But you know, politicians being dirty and paid for is ok, there are rules and stuff.
As I said before rules will not deter dishonest people. Make a different rule and crooks and thieves , including politicians will disregard them. What is it that you would do as a solution?
You may notice that after the last concoction that tanked the economy, nobody went to jail. For destroying billions of dollars and millions of jobs, there weren't any laws on the books that could be (or would be) used to prosecute the offenders.
What scheme are you referencing? There has been a few.
Well let me repeat what I have already said. It isn't the problem with having rules in place it's that there are dishonest people who don't follow them. This dialogue started with why don't they regulate the problems and I'm saying they have. The regulations are circumvented by dishonest people. Now how do you deal with those who don't follow the rules? There are rules.
Sub-prime mortgages.
Here's the issue, there weren't enough rules in place to prevent immature and irresponsible people from legally using destabilizing the coming by treating the market like the craps table.
Sub prime lending is due to greed at many levels including home buyers. It's to far reaching to comment on here but this link will give a capsule.
By the way there are several regulator boundary lines involved aside from the SEC.
I don't have them confused they are incentives just like cash under the table and it's what clay was talking about when mentioning big business having influence.
Yet you mentioned both and them gave rules for covering one.
No the dialogue started with big business corrupting government and you claimed there were laws to combat that as if it was not an issue now you seem to agree that bad people will do bad things which was the original argument and why tougher enforcement is needed.
There is nothing to deflect. You are just being yourself and trying to create something from nothing.
Yeah go with that.
You are just trolling my posts. Everyone seems to be able to keep up but you. It's your signature with several others on the board as well. If I am.that hard for you to follow just ignore then as I have requested before. Have a nice day.Yeah go with that.
Anyway I will just let your words speak for you the backtracking is very evident.
this race is going to be interesting. Sanders has a chance to make it into the White House. The GOP candidate is DOA. Especially it Trump Ends up going 3rd party, and Sanders is surging like crazy. If he takes NY I think Hillary may be sunk.
