Tag Archives: Goverment

What is really wrong with the economy

Posted on 17 December 2008 by dlhitzeman

Worldview Item of the Day

The US economy does not need any more regulation. We have plenty of laws, and at least some of those laws serve to protect us against people doing things wrong. That is, they protect us from people doing things wrong when they are applied.

It turns out that regulators at the SEC systematically ignored the fraud being perpetrated by Bernard Madoff for at least a decade, thereby failing to perform their role of enforcing the laws the US already has to prevent the very kind of scheme he was operating. In doing so, they not only cost Madoff’s investors more than he had already cost them, but they compromised the integrity of the very agency tasked with regulating activity on US stock markets. […] Continue reading →

Posted in Economy, Government, Law, Nations, News, Politics, Quid Facis, Society, Spending, United States, World Watch, Worldview Item of the Day | Tagged , , , , | 2 Comments