Forum Post: Boy there sure are a lot of hedge fund managers and investment bankers on here touting deregulation. I didn't think this forum would be that open to what they wanted.
Posted 13 years ago on Oct. 17, 2011, 8:49 p.m. EST by booshington
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If you push for further deregulation you are with the bankers. Period.
Deregulation is at the top of the damn banker's wish list and it always has been. The reason they pump so much money into politics is to get politicians to deregulate their markets, so they can make money faster and more recklessly. I can't fathom letting the firms that hold more assets than half the entire GDP of the country off the leash and without rules to constrain them.
You can't stand with OWS and push for deregulated markets at the same time.
It amazes me that anyone would want unregulated markets! Look back at the 1920s. Then there was the S&L crisis, then Enron and the deregulation of the power markets. And after the most recent mess! I am not sure that even Frank Lutz could figure out a way to make a case for no regulation but I am sure the right will try!
Yet, after all the examples throughout history, you still have millions of Americans getting duped into championing the deregulation of markets that will ultimate screw them over because of it.
Then there are the attacks on other regulations! We should deregulate coal? Why? So we can only eat tuna once a year because of mercury content Isn't it great to watch your rivers catch fire! You really want safe food? Well, This is the country that elected George Bush twice!
Give me some examples of how deregulating multi-trillion dollar markets worked for the benefit of the people.