ST Alpha - "So, basically, they are saying "oops, should have regulated those banks some a few years back"" (Reading a Post)

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In response to "I think their points recently tend toward "in most cases we trust the market except where it doesn't make sense..."" by TFox

So, basically, they are saying "oops, should have regulated those banks some a few years back"

Posted by ty97 Nov 9 '09, 09:23

crystal ball right there, Economist!

Responses:

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

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