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To: Ernest_at_the_Beach
Inadequate regulation, in America and elsewhere, clearly exacerbated all the other drivers. Specifically, when regulators permitted major American investment banks to take on more leverage, they “made the dollar amounts larger and the margin of safety less,” describes Barry Ritholtz, director of Equity Research at Fusion IQ.

These two sentences directly contradict one another. One states there wasn't enough regulation, the next states that a change to the regulations set up the first domino to fall.

They ignore the fact that absent those regulations, there would have been no domino.

We're doomed if this is all the more logic that goes into articles like this.

70 posted on 02/20/2009 7:45:59 AM PST by Dead Corpse (Utinam coniurati te in foro interficiant)
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To: Dead Corpse; dennisw
These two sentences directly contradict one another. One states there wasn't enough regulation, the next states that a change to the regulations set up the first domino to fall.

Huh? The second sentence says that weakening the regulations contributed to the disaster.

They ignore the fact that absent those regulations, there would have been no domino.

"The fact???" More like your opinion, and a highly dubious one at that.

I am opposed to the Community Reinvestment act, but not to all regulation.

74 posted on 02/20/2009 8:07:03 AM PST by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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