well as for myself, I tend to get distracted with real work. someday I'll have the time to be fully devoted to a thread. but these discussions are valuable- so soldier on
<object width="365" height="340"><param name="movie" value="http://www.c-spanarchives.org/flash/cspanPlayer.swf?pid=282391-2&autoplay=0"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.c-spanarchives.org/flash/cspanPlayer.swf?pid=282391-2&autoplay=0" type="application/x-shockwave-flash" allowfullscreen="true" width="365" height="340"></embed></object> Soros is saying people are human, they need some regulation. But not too much.
there are so many guilty parties to this debacle that if a meteor hit the planet very few innocents would be killed.
I think there is so much blame to go around its difficult to label any one person or even group. As soros said it seems obvious that the "free" market does not naturally maintain some kind of equilibrium. It seems a lot of "free market" people think that it does. It seems like regulation, if only in the form of transparency, is needed for a market to function truly freely and efficiently.
wake up, there has never been a free market so there will be no equilibrium. That argument is getting old.
Plunge Protection Team,Fiat money,FDR new Deal prolonging the depression,Central Bank intervention, Community Reinvestment ACt,Carter Price controls,Currency manipulations, Bank bailout, I could go on and on.
This is just a long time coming for us do to our central bank printing its way out of each recession instead of having a proper one.