The Official Presidential Debate Thread (Round 2)

[FRPLG]

Originally Posted by dmek25

they had it right. until someone decided it was time to DE regulate. thats what started the free fall. if you let the rats run wild, soon there will be no more cheese

I totally agree that regulation was missing. I am not sure that anything that was DEregulated was a problem though. I haven't seen any concrete evidence that specific derugulations led to this. I have seen financial assessments showing that housing prices trended parallel to inflation for decades until the government decided to create an "affordable" housing market. When they started playing with the housing markets prices magically trended exponentially up. When some wanted more regulations in the late 90's and early 2000's there was significant backlash from all sides of the aisles and nothing happened. I tend to think it was the lack of regulation in the first place more than any dergulation but I'd happily peruse anything that said otherwise. I'd really like to understand fundamentally what went wrong and the argument that regulation or lack of it CAUSED the problem rings pretty hallow when there are gads of evidence that gov't regulation quite regularly justs screws things up even more. My philosophy is more in line with "If it supposedly needs regulation so much then maybe something is fundamentally wrong with it in the first place".