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Economics Discuss Say Goodbye to Your Life Savings (Again) at the Political Forums; Originally Posted by Mikeyy You must have slept through the last breakdown. Nope. I prepared. You know, that Boy Scout ...

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Old 02-06-2017, 08:39 AM
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Default Re: Say Goodbye to Your Life Savings (Again)

Quote:
Originally Posted by Mikeyy View Post
You must have slept through the last breakdown.
Nope. I prepared. You know, that Boy Scout thing.

So, you believe people are too stupid to make informed choices, along with the government is required to protect us from ourselves.

Okay.
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Old 02-06-2017, 10:49 AM
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Snowflakes must have government entities controlling every aspect of their lives, or there will be no happiness or security found in them.
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Old 02-06-2017, 11:02 AM
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Default Re: Say Goodbye to Your Life Savings (Again)

I think people want to invest in stocks to increase their pensions. But that doesn't mean they are qualified investors, no. So yes, The government should make regulations to where investment companies can't play fast and loose with these peoples investments. I don't have a problem with that. But then I don't hate the government. I just think that sometimes it needs managed better.

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Originally Posted by GottaGo View Post
Nope. I prepared. You know, that Boy Scout thing.

So, you believe people are too stupid to make informed choices, along with the government is required to protect us from ourselves.

Okay.
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Old 02-06-2017, 11:28 AM
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Default Re: Say Goodbye to Your Life Savings (Again)

Quote:
Originally Posted by Mikeyy View Post
You must have slept through the last breakdown.
Nope, you are the one asleep. The Federal regulatory failed to regulate the mortgage backed security market. Simple measures like increasing the reserve requirements would have averted or greatly reduced the impact of the meltdown. Naturally the King of the Ignore List wants only to reward the Federal bureaucrats failure with expanded power to meddle in dictatorial fashion in the market.

If the King of the Ignore List wasn't so terrified of me I'd ask him to explain how Dodd Frank's creation of an environment where secretive junta of government officials literally hold the power of life or death over banks on a whim somehow protects us against another meltdown. It is just as well, a rational explanation is beyond his capability.
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