Hey, I like your modesty. Seriously, nobody here "hates" covel or moore, we are just jerking off....making jokes etc. They are free to say whatever hell they want. I consider covel a marketing genius, I remember his old website and now he is a published author jet setting all around the world, soon his speaking fee will be like clinton's (another popular name here on ET
The very fact you are talking about regulating capitalism is communism. You haven't changed since leaving your communist prison cell back home.
Yes, because as we all know the non-regulation of the financial industry worked out really well! Thanks Gramm-Leach-Bliley!
The failures were a result of the regulations not the other way around. enough of the sour grapes from the losers.
The regulation is there, it is not being enforced. For all those who think that capitalism does not need any brakes, just use your brain. Where do you think we would be today if the trusts did not got busted over 100 years ago. Competition creates innovation. Pure capitalism would be totally against competition, it would be all about monopoly.
wrong. this economy has thrived despite of regulations, not because of regulations. can i be any more direct??
the monoply argument is worn out nonsense. what is the govt but a monopoly? monopoly only will last untill innovation change the regime. create and thrive, stagnate and die/ run to your nanny state while the true purveyors of freedom are living to the max.
So how do you explain the fact that the lack of regulations led to the almost total collapse of the financial system?