December 26-2008:
Risk Without Rules Is Tantamount To Insanity!
* Some republicans and others currently are totally against regulations of any kind for the business community. They claim it would inhibit how A Free Enterprise Economy or Markets are supposed to function and grow economically.
* Some also believe that if left alone, the Free Market via competition among the players within, will regulate itself.
Today, what we see is the opposite of the latter position highlighted above. Because of deregulation, most of the big corporations and financial institutions and individuals within, took risks that was beyond the premise for 'safe risk taking,' fueled by greed and self aggrandizement.
Therefore, in order to make the Free Market System work equitably for most of the players within, a regulated platform of rules MUST be legislated, and stringently implemented, to ensure that no runaway group or individuals could con the system, to the point of no return and total disaster once again!
Derryck.
NYC.
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