Wednesday, December 14, 2011
Here's more of that low-regulation Libertarianism for you
A great example of "self-regulation": former Senator Jon Corzine's MF Global, which collapsed. Now? 1.2 billion dollars are missing and unaccounted for. Understandably, people are upset to the point of angry. (see link below). After the BP oil spill and the 2008 financial collapse that still reverberates today, it's difficult to believe people still want "small government" so companies can regulate themselves. No thank you. We've had far too many examples and reminders of how and why that just doesn't work. Links: http://www.reuters.com/article/2011/12/14/us-mfglobal-regulation-idUSTRE7BD1WE20111214; http://www.reuters.com/article/2011/12/13/us-mfglobal-execs-idUSTRE7BB1XV20111213
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