re: #45 ralphieboy

What we have seen is that there is a certain minimum level of government activity needed to avoid much greater damage through inactivity.

(btw, I believe that was Bush’s justification for invading Iraq. “The cost of inaction could be much higher”)

But with financial deregulation, we saw that the costs of subsequent government intervention in the form of a tax-funded bailout were many times greater than the costs of proper oversight.

Let me say this loudly and clearly, as someone with some small financial and economic education (mostly marketing, operations, and management though).

Regulation, or the lack thereof, had virtually nothing to do with the recent financial meltdown.

Period. End of story. Back to your regularly scheduled programs.