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Market Currents

Wednesday, October 28, 2009
11:08 AM TweetThis
  • Stop looking to regulation to fix the financial sector and let the unhealthy banks die. "Regulation tends to make problems worse rather than better," analyst Roger Nightingale says. But if we didn't bail out the dying banks, to whom would bank executives turn to reinstate their swollen bonuses?

This news story has 2 comments:

  •  
    Right. That's why we should have nationalized the banks which would effectively be the same as putting them through bankruptcy but prevent all of the depositors in the bank from losing their money. You know, kinda like the FDIC has been doing for the past, oh I don't know, 70 years!!

    But noooooooooooooo. That would be socialism/communism/death panels/etc.
    Oct 28 11:23 AM | Link | Reply
  •  
    Ahem. This conflates regulation with bailouts, most likely in an effort to rally the idiots around and lead the mob into the streets.

    Meanwhile, CNBC let's try and think deep thoughts. Bail outs bad, regulation good. Yes, we can have two ideas running through our mind at the same time.
    Oct 28 11:30 AM | Link | Reply
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