Quote:
Originally Posted by Kevin
If we're going to buy into deregulation, then the free market has to be allowed to work. It now appears that even those who were behind (and still may be) deregulation are not in favor of the negative consequences which can stem from a free market.
Now that we're talking 'bailout,' and acknowledging that things are too big to fail, it's clear we've made a choice. We need more regulation, not less, if these things are really too big to fail.
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This is really my main problem - deregulation is the ideal situation, but may prove impossible given the current state of affairs. If this is true, then it's not hard to see that a negative feedback cycle is forming, and the results of that cycle are likely something that most people would find distasteful - namely, state ownership of nearly every similar institution.