Quote Originally Posted by Husar View Post
And how can someone make sense out of hundreds of guys shouting at him in this wall street building or whatever it is?
Oh please..

It is called freedom. Billions of people enter into contracts and the result is more or less controlled mayhem. You have to be very modest, very knowledgeable and very sure of political support if you want to effectively intervene in this exercise of freedom.
The stock market is like legal gambling but unlike casinos it affects the lives of those who do not participate as well.
We all influence each other. It is called society. If you want to curb the way we influence each other, you have to curb freedom. And you have to be very careful with that.

I understand all posters in this thread who complain about the expensive bail-outs and the unfairness of it all, but apart from better market regulation there is very little we can do to alleviate the situation.

ON the subject of regulation: as a modern socialist I favour real competition, which means that no matket shall be controlled by a few major competitors. The U.S. used to lead in antitrust law. I hope that it still can. If Diocletian could do it, then so can George W. Bush.