"the less regulation, the better."

[floridaorange]

"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"


-----------------> STREAMING VIDEO LINK <--------------------

[superdave]

Re: &quot;the less regulation, the better.&quot;

I'll have to read that article since I thought Rubin and Greenspan were part of the problem. I recall they oversaw the economy and the loosening of government regulations in the 90's that got us into the mess not too long ago.

[res0nat0r]

Re: &quot;the less regulation, the better.&quot;

I watched that Frontline report a couple of months ago and it was very interesting. What I thought was pretty interesting is that Ayn Rand was one of Greenspans very close friends for a good part of his life. Since Ayn Rand was all about letting the market be free, this is pretty intriguing since it was partly Greenspans policies like this which led to the economy on how it is today.

[floridaorange]

Re: &quot;the less regulation, the better.&quot;

I'll have to read that article since I thought Rubin and Greenspan were part of the problem. I recall they oversaw the economy and the loosening of government regulations in the 90's that got us into the mess not too long ago.

The frontline video goes into detail about that, as Resonator also pointed out... greenspan actually apologizes near the end admitting he was wrong.

[88Mariner]

Re: &quot;the less regulation, the better.&quot;

I watched that Frontline report a couple of months ago and it was very interesting. What I thought was pretty interesting is that Ayn Rand was one of Greenspans very close friends for a good part of his life. Since Ayn Rand was all about letting the market be free, this is pretty intriguing since it was partly Greenspans policies like this which led to the economy on how it is today.

Except Greenspan rejected Rand's philosophy when he became fed chairman.

[runningman]

Re: &quot;the less regulation, the better.&quot;

free market capitalism hasn't worked since the US started borrowing money from the Fed. You can't have capitalism without capital.. You can't call it capitalism when you are getting capital from other countries buying your debt.

[chunky]

Re: &quot;the less regulation, the better.&quot;

^ The Boogie Man is Back. Nice to see you back runningman

[runningman]

Re: &quot;the less regulation, the better.&quot;

Ya dad let me out of my room today.. I am going to try to dig up some good news over the next two days.. It is going to be tough so hopefully I can find some.

[jasonemrysss]

Re: &quot;the less regulation, the better.&quot;

Cool thread.