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Ronald Pagan · 09-22-2008, 08:43 AM

I should state that I am VERY skeptical of the benefits that increased regulation will have. In the medium-term new regulations will only make markets more inefficient. Besides, you cannot possibly hope to regulate financial markets effectively. The brilliant people that work them are so much further ahead than government regulators that the regulations will create a mere blip to avoiding this type of behavior. You cannot regulated greed, thankfully greed is what makes the markets tick and diverts capital to its most productive uses.

09-22-2008, 08:43 AM	#113
Ronald Pagan Lifetime Suspension Join Date: Sep 2008 Location: In the Sin Bin Exp:	I should state that I am VERY skeptical of the benefits that increased regulation will have. In the medium-term new regulations will only make markets more inefficient. Besides, you cannot possibly hope to regulate financial markets effectively. The brilliant people that work them are so much further ahead than government regulators that the regulations will create a mere blip to avoiding this type of behavior. You cannot regulated greed, thankfully greed is what makes the markets tick and diverts capital to its most productive uses.