Quote:
Originally Posted by oldschoolcalgary
I don't disagree with you are saying with respect to the latter: that's definitely the problem with the movement is that it has become a focal point for a litany of agendas.
However, when looking at the financial system, it certainly seems like the system could use some tweaking to bring things back into line.
laissez faire economists rail at regulation, however, some regulation is good. having investment banks being able to leverage at 30-1? Probably not a good idea (note that was Clinton's adminstration that did that)...having quants create 'financial instruments' to minimize risk, that are so complex that even now the banks don't know who owns what mortgages? not a good idea...
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Dodd-Frank
Basel III
It's not like the banks were bailed out and then 'kept on keeping on' after 2008. And also it's not like all these stupid hippies were the first ones to think about these issues, they're three years late to the party.