ST Alpha - "to their credit, they have backed off that some post-collapse, and acknowledge that regulation can make some sense, if done thoughtfully. -- nm" (Reading a Post)

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In response to "they trust the markets too much for my taste." by ty97

to their credit, they have backed off that some post-collapse, and acknowledge that regulation can make some sense, if done thoughtfully. -- nm

Posted by TFox Nov 9 '09, 09:16

(No message)

Responses:

What I've read of the Berlin Wall issue seems to sound like more of the 'trust the market' they are known for. - ty97 Nov 9, 09:19 7
- I think their points recently tend toward "in most cases we trust the market except where it doesn't make sense..." - TFox Nov 9, 09:22 6
  - So, basically, they are saying "oops, should have regulated those banks some a few years back" - ty97 Nov 9, 09:23 4
    - Actually, they were pretty much saying it at the time - that things weren't sustainable, that mortgage-based securities was too obscure, etc... -- nm - Roger More Nov 9, 09:26 2
      - But were they calling for regulation, or just expecting the banks to fix it themselves? - ty97 Nov 9, 09:28 1
        
        They rarely advocate for regulation, for sure, but regulation has lots of unpredictabe consequences, especially on the political side - Roger More Nov 9, 09:35
    - it's not like they were the lone voice of getting that one wrong. -- nm - TFox Nov 9, 09:26
  - (i suck at typing today. there should be an "intervention/regulation is clearly..." up there.) -- nm - TFox Nov 9, 09:22
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