quote:

ORIGINAL: DMFParadox

The only thing I have to quibble over this is that Wall Street is not unregulated. In fact, it's very heavily regulated, under laws that put Deadalus to shame for sheer complexity.

The problem is not that it's unregulated. It's that it's badly regulated. The capitalists are not entirely at fault, here.

quote:

ORIGINAL: cpl4third

quote:

ORIGINAL: DMFParadox
The only thing I have to quibble over this is that Wall Street is not unregulated. In fact, it's very heavily regulated, under laws that put Deadalus to shame for sheer complexity.

The problem is not that it's unregulated. It's that it's badly regulated. The capitalists are not entirely at fault, here.

Wall Street as a whole is not unregulated, but the financial instruments that caused all the damage and drove the need for bailouts were largely unregulated.

It is funny that you never hear a politician on the right running on a platform of proper regulation.  They always run on a platform of deregulation.  The free market cannot operate without regulation. It just needs the proper regulation. These politicians, and their constituents who foam at the mouth over the deregulation objective also are part of the problem.