Quote:
Originally Posted by shane88888
You're gonna have to wrap your head around the fact that going broke is not always a bad thing.
Havent made it through the rest of the thread since this post, but I need to ask....
This was in regards to regulation in the financial markets. It seems RP is totally (100%?) against regulation. And I like him alot, outside of this point. It seems like an ideology (much like Greenspan), rather than logically looking at situations on a case by case basis.
What possible argument could be made against regulating how much insurance companies or (investment) banks can be leveraged?
The argument seems to be, that it simply isnt necessary, because they will bankrupt themselves if something goes wrong. Is that really the main argument, or is there something else I am missing?