Market Currents
Wednesday, October 28, 2009
11:08 AM
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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:
But noooooooooooooo. That would be socialism/communism/death panels/etc.
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.