Question about economy and regulation/deregulation
Im kinda on the fence about this issue. Seems like that stigma is democrats favor bigger government and more regulations while republicans favor smaller government and deregulation.
With the latest financial fiascos we are having, wouldn't it make more sense to have some kind of regulation and/or oversight committees? Would it have changed the outcome? Is part of the reason we are in this mess because of complete and systematic deregulation by the current administration? And is it possible to have regulation and/or oversight committees that wont infringe on free market principles? Is it possible to have a middle-ground between the two?
Just can't believe nobody saw this coming or that their is any kind of accountability as well. I mean the Lehman Bros CEO took a $22 Million bonus back in March/April of 2008 I heard and assured the shareholders and board that the company was financially sound.
I'd like to hear from both sides, seems like a lose-lose no matter what.
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