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  1. #11
    Dyslexic agnostic insomniac Senior Member Goofball's Avatar
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    Default Re: 2012 U.S. Presidential Election

    Quote Originally Posted by Xiahou View Post
    Ok, now it's time... examples? Show me instances when simultaneous bad management of "enough" companies was the sole cause of "market failure".
    Xaihou, I haven't been around for a while, but I remembr you being smarter than this. Are you honestly trying to make the argument that the 2008 meltdown was caused by overregulation? I usually lean more to the right on economic and fiscal issues (especially anything to do with lying, stinking unions). But it is well documented and plain to see that it was lack of oversight and downright knowing, willful thievery on the part of the investment banking firms that led to the 2008 collapse. I've worked in banking and finance for almost twenty years, and I honestly can't believe that executives weren't sent to jail over this. What they did was worse than what Enron and Arthur Anderson got up to.
    "What, have Canadians run out of guns to steal from other Canadians and now need to piss all over our glee?"

    - TSM

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