Khross wrote:
Aizle:
How many Federal agencies have regulatory authority when it comes to some or all of the economy? Do you know? How many non-statutory regulations exists in the United States? What Federal agencies can alter trade in a certain segment of the economy by fiat?
Montegue:
The rest of the world wasn't pissed off over credit default swaps and collateralized debt obligations. The rest of the world was pissed off they lost money on unsecured securities. More importantly, they were pissed off that private credit rating agencies got away with and continue to get away with criminal fraud. They do not, however, cop to the duplicity of that attitude when their own credit rating agencies do the same thing.
To both of you:
"Ignorance at its finest" is the continued insistence that the United States is a wholly unregulated economy with little to no government oversight or intrusion in markets. It has been demonstrated, repeatedly, that the entire financial crisis was not only precipitated by government behavior but fueled by the same actions and monetary regulation that created the market in the first place. The entire financial crisis was a failure of over-regulation and government intrusion in the first place. Yet, you two continue to assert that U.S. markets lack regulation and lack oversight, despite a preponderance of the evidence otherwise.
Classic diversion. None of what you post here is relevant to proving the bold claim you made, which is that the US is the most regulated market in the world. That is quite frankly the only information I'm interested in hearing from you at this point.
Or to put it in the common vernacular, "put up or shut up".