Deregulation the Cause for the Market Crash and Fraud?

Some people blame deregulation for the stock market crash, econ meltdown, fraud and economic problems.



Bernie Madoff fraud, NASDAQ, INDU, SEC R Allen Stanford ponzi scheme, US Congress, bailout, stimulus, housing mortgage real estate bubble, regulation, deregulation, scam, Glass Stegall, Lehman, Bear Stearns, Peter Schiff, Jim Rogers, George Soros, Warren Buffet, CNBC, market crash, mutual funds, hedge funds foreclosure Ron Paul bankruptcy


http://www.mutualfundcenter.com

http://www.atlanticfinancial.com http://www.fentonreport.com/2003/11/24/health-living/be-thankful/42
http://www.fentonreport.com/2003/12/01/wealth-management/planning-for-non-tra...
http://www.fentonreport.com/2003/12/22/health-living/christmas-crisis/44

Category:

News & Politics

Tags:

• economy
• stock
• market
• fraud
• maddoff
• allen
• stanford
• nasdaq
• econoic
• deregulation
• scam
• housing
• foreclosures
• bankrupt
• news
• commentary
• analysis
• documentary
• gotcha!
• political
• commercial
• grassroots
• outreach
• law

[JennJenification]

"Lets be like China!" yep...exactly. >: ( Cause doing the right thing is SSSOOO HARD!! Stop blowing smoke up our ass by nicely telling us not be so mean to you by making you act on your conscience.

[JennJenification]

OF COURSE you want to have sweat shops and slave labor and not pay your employees, have free reign to pollute the environment and poison people. Blatant exploitation of human beings and the environment is ALWAYS cheaper. It's just not what 1st world countries are supposed to be doing, dickhead.

[JennJenification]

How does removing responsibility/consequence/acc­ountability frm big corps make us SAFER?? Biz has no sense of honor, human dignity,or integrity. I know they would kidnap & sell me to slave traders if they could find illegals to bag me on the cheap. Big biz is predatory & opportunist & NO amount of compromise 4 their interests has yielded any reasonable concessions frm them.You can give 'em tax loopholes, subsidies,arbitrary fines, they still outsource.It's 100% profit or nothing for these fucks.

[hikermanwa]

I thought this knucklehead was kidding when he mentioned motorcycle helmets and children's toys. Regulations are absolutely necessary, they should be strengthened, not weakened and most certainly not removed.

[RealPatriot19]

Deregulation is 100% the reason for this meltdown. The deregulation made it easier for these crooks to perpetrate their crimes on the people. The funny part if your not even rich yet you have no problem being used like a puppet for the rich. HAHA what a dolt.

[RealPatriot19]

Lol you put a suit on and expect people to take you seriously for it? No one believes you dolt. All the academics are saying its deregulation. After the republican controlled congress and executive branch went on a deregulation spree for 8 years and we have a global economic meltdown, but you think people who lost their jobs are going to believe you?? Your a fraud. You think I should give madoff the benefit of the doubt..?? Seriously do the world a favor and kill yourself and your demon spawn.

[ZangaroZen]

@BruceFenton, like you I feel private behind the doors lobbyists should be outlawed, and that elections should be financed by votes earned, not corporate donations.

"Govt should have nothing to offer to corporations and therefor there should be no incentive to ask for anything" hardly practical unless you advocate corporate ownership of everything and a puppet government.

"regulations are virtually never in favor of the voter", explain the FDA, food labelling, work place safety, etc, etc

[ZangaroZen]

@BruceFenton, "Madoff can commit a huge fraud and all the regulations in the world are not going to prevent it", great example of your declaring an empty opinion as fact style.

1. Criminals do their crimes with the expectation of NOT getting caught

2. Regulations serve as safe guards, a paper trail to readily catch/convict violators

3. INCREASED odds of getting caught, DECREASES those willing to take criminal risks

"due legal process" is for courts, the rest of us can state the obvious.

[BruceFenton]

@ZangaroZen well, then we agree-- lobbyists are not good-- incidentally, the more regulations and the larger the government and the more power govt has, the more lobbyists there will be -- companies only spend money on lobbyists because they get an ROI -- Govt should have nothing to offer to corporations and therefor there should be no incentive to ask for anything. I'm for a fair game- not for the corporations, but for people - regulations are virtually never in favor of the voter

[ZangaroZen]

@BruceFenton, you said "there is SUPPOSED [as in waived for BP] to be a $75 million cap on oil damages" which sound like you're advocating BP's liabilities be limited to $75M.

Even with a liability cap, BP is still responsible for the billions in clean up, and yet that cost liability wasn't a deterent to lobbying the government to remove a $500k/well shutoff value regulation.

Consider chess rules, they assure a fair game. Remove rules and the game is destroyed, ie present great recession.