Quote Originally Posted by JakeMartinez
Laws won't help. They'll either subvert those laws or lobby against them because it's more profitable.

Laws don't stop behavior. Murder has been illegal in every civilized culture in history, but it still hasn't stopped people from doing it
The point is not to stop, it is to attempt to safeguard against. Fraud is only profitable if you do not get caught. Maybe a shift in resources allocated to fighting financial crimes from fighting drug crimes would truly help.

The federal government is attempting to regulte illlegal drug use, to as close to zero as possible. Has it worked? Nope, and is a good showing of how regulation fails most of the time. By regulating the amount of competition in the market place (giving 80% market share to 2 firms), has this eliminated the amount of ficticous practice? Nope, and is a good showing of how regulation fails most of the time. By allowing competition of choice (to do drugs or not do drugs) you effectivily place the burden of knowing what to do in a much more micro atmosphere where the cost and benefits can be sorted out on a personal level. If i spend 20 hrs a day smoking pot, i have very little time for other activities. But if i truly enjoy cannabis, i will most likely appropriate some of my time to its consumption. That means i will want to give up other things in order to cosume cannabis because of my value system. By allowing competition in the financial marketplace, you allow firms to do what they believe is the best way to legally produce profit. Giving lofty ratings might icrease profits initially, but other firms might desire to give a more accurate rating because they believe it will improve potential profits in the long run. In dong so, i have been given an alternative analysis to base my future and present investments on. By choosing one or the other, i cannot say that i was tricked into making an investment. Just like i cannot say the government tricked me into not doing something i enjoy, such as cannabis:jointsmile:

You might have heard the term transparency. A way to increase the transparency in financial markets is to allow for more open competition on all levels of analysis. To effectivily ensure this, the only regulation needed is to ensure that competition is achieved.
GoldenBoy812 Reviewed by GoldenBoy812 on . Welcome to socialism, boys and girls... Has already started...the campaign will no longer give interviews to the station that employs this interviewer, which they painted as unprofessional. (she spent years under Peter Jennigs, I believe). I guess Biden should do like Osama, and just stick to giving those speeches, instead of fearing some tough questions from rogue reporters. So now that she angered the campaign, does anyone doubt we'll soon find out about the interviewers credit limits, her gynecological history, her Rating: 5