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If you were President how would you
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<blockquote data-quote="JustTired" data-source="post: 627956" data-attributes="member: 10234"><p>My first thought is that I would have let the banks fail. But if I decided to bail them out, I would regulate the crap out of them. While in theory there's nothing inherently wrong with a "free market", you still have to make sound decisions. And sound decisions are thrown to the wayside when greed is involved.</p><p> </p><p>An analogy might be speed limits. The government (whether fed, state or local) posts speed limits on our roadways. The majority obey them. Some push the limit a little. Others refuse to acknowledge them and pay the price. Take the limits away and most would still travel at a fairly safe speed. Others would look at it as an opportunity to go 'balls to the wall' without fear of retribution. Those limits are imposed not for the driver who uses common sense to safely operate the vehicle. They are there to keep those who would take advantage of their absence to drive as they please, regardless of the safety factor.</p><p> </p><p>Until those entities can prove they have common sense (I won't hold my breath), regulation seems to me to be the only answer.</p></blockquote><p></p>
[QUOTE="JustTired, post: 627956, member: 10234"] My first thought is that I would have let the banks fail. But if I decided to bail them out, I would regulate the crap out of them. While in theory there's nothing inherently wrong with a "free market", you still have to make sound decisions. And sound decisions are thrown to the wayside when greed is involved. An analogy might be speed limits. The government (whether fed, state or local) posts speed limits on our roadways. The majority obey them. Some push the limit a little. Others refuse to acknowledge them and pay the price. Take the limits away and most would still travel at a fairly safe speed. Others would look at it as an opportunity to go 'balls to the wall' without fear of retribution. Those limits are imposed not for the driver who uses common sense to safely operate the vehicle. They are there to keep those who would take advantage of their absence to drive as they please, regardless of the safety factor. Until those entities can prove they have common sense (I won't hold my breath), regulation seems to me to be the only answer. [/QUOTE]
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