[TopQuark]

Parsy, are you at it again, finding articles written by ignorant people and posting them, as long as they are anti-Wall Street?

In addition, as I had a chance to tell you earlier, "regulating Wall Street" is a religion: you believe that such regulation exists. It does not. To regulate, one has to have information about the objects being regulated (firms, products, consumers, etc.) Governments ALWAYS know less than the actors in the economy. There is no regulation that would be able to prevent cycles. And, in fact, it was regulation that turned a regular recession of 1929 into a prolonged Depression.

So you are acting out a religious belief, parsy, and rely on absolutely empty articles such as this one to support it.

[parsifal]

This “cycle’ didn’t just happen. Did I ever send you the crashopedia link?

It wasn’t just bind happenstance that kept most derivatives from going on exchanges. It wasn’t just a stroke of bad luck that got Glass-Steagall replaced.

parsy, who wonders what you thought about the details in the article