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The Empty Case For More Regulation

by Steve Chapman

If there is anything we have learned from the crisis in the financial sector, it's the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might have been averted. That's the story we've been told, and it must bring a rare smile to the face of Bernard Madoff.

Madoff was the manager of a Wall Street investment fund that he allegedly confessed to his sons was "one big lie" and "a giant Ponzi ...

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Posted by: James A, Sweeney
Comment: #1
Thu Jan 8, 2009 6:14 AM

Sir;... Have you ever considered how much money you could pocket putting your monsterous brain on display??? You could be rich.... Let me agree with you on one single point... There is not any good excuse for making new regulations without giving anyone the ability to enforce them... Who knows what the regulations were good for today???Isn't that answer obvious... When the country makes laws, and will not hire a cop, or build a court, or hire an attorney, or throw up a scaffold it will have little likelyhood of having its laws respected... We have put all the lunatics in charge of their own asylum... They write the regulations as they will, and enforce the regulations as they desire...Your libertarian new world order has found a home on wall street... That is where plunderers go to be plundered... That is where wolves go to be sheared... Can you say where the money went??? Wouldn't the truth be an abridgement of libertarian freedom??? Did you know; there actually is a group more asinine than the republican party??? Consider that the object of self government is to control events, and even economies, so they do not control us... There is a proper place for government; and I would agree it is not to contol people; but it is fair to expect that government should control business and industry for the very reason that these same businesses and industry actually govern our existence... If the government will not govern that which governs us what good purpose does it have???Thanks...Sweeney

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