I guess we should also address what is “regulation” and what is government control and planned outcomes.
Like the abuse of the word “reform” which we didn’t address early and clearly when the Healthcare Federalization begun, we are hearing, and sometimes even supporting “regulation” (as you are doing prompting attacks on your true position) and what we are going to get is not regulation but Fascism — Gov’t Corp linkage, government planned and completely controled by arbitrary applications of planner power.
Excellent points yet again.
I think that is what most of us novices in finance/economics understand intuitively. It’s not a ‘regulated’ market that we disagree with..it is the government picking winners and losers,confiscating our property and then using our tax dollars as partisan slush funds and power tools. We intuitively understand it as fascism...which it is. I watched the entire Goldman Sacs hearings yesterday and while they mostly were talking over my head, I could tell who the liars and charlatans were and most of them were sitting in the congressional chairs...lol. The young Goldman executives,especially the french dude, were the ‘fall guys’ for the big boys at Goldman Sacs. The sleeziest dude was the chairman of Goldman Sacs. He came off as a beady eyed crook because he refused to talk straight and answer questions. That’s because he is in bed with the administration and has been from the get go. Call it woman’s instincts..but that guy is not to be trusted and if I worked under him or at that firm..I would get out now in order to save my soul....lol.