Comments on: Dangers of an Unregulated Financial System – Sony Kapoor

By: newperve

newperve — Mon, 09 Nov 2009 04:36:58 +0000

The current …
The current financial crisis is one of highly regulated entities, in fact the financial market is one of the most regulated in the economy, behaving badly. This is directly due to government encouragement of this bad behavior, and indirectly as well. Ponzi lending is not a big problem in the areas without such regulation. To claim that Ponzi lending is a significant feature of the free market compared to the regulated market is delusional.

By: newperve

newperve — Mon, 09 Nov 2009 04:36:58 +0000

I do, you just …
I do, you just deliberately misunderstand it. Things that are by definition true cannot be disproved by evidence. To claim they are is the as unscientific as possible.

By: IIKruZerII

IIKruZerII — Mon, 09 Nov 2009 04:36:58 +0000

Oh, butt hurt …
Oh, butt hurt little bitch. : )

By: newperve

newperve — Mon, 09 Nov 2009 04:36:58 +0000

I’m sorry you’re …
I’m sorry you’re such a retard that you can’t find documentation when I post it, but I did.

By: IIKruZerII

IIKruZerII — Mon, 09 Nov 2009 04:36:58 +0000

Never did once. …
Never did once. Liar. : ) Oh well. Unless you can start backing up what you posit, I guess our discussion is done. Any neutral observing Austrian would notice that you do not understand Austrian Economics, or economics at all for that matter. You have effectively demonstrated yourself to be a dimwit. Post that evidence, dumdum, until then, we can accept that you are lying about what you are saying. : )

By: IIKruZerII

IIKruZerII — Mon, 09 Nov 2009 04:36:58 +0000

Please quote the …
Please quote the posted evidence that showed the “well documented evidence” that the CRA was relevant in the 2007-09 recession. Until then we will assume you are lying. You have not posted anything so far. : ) Please explain how the OTC derivatives market was “very, very” regulated (you obviously cannot distinguish the difference between an OTC derivative and an exchange traded derivative.)

Let me ask you this: were those ratings agencies private, or public?

By: newperve

newperve — Mon, 09 Nov 2009 04:36:58 +0000

Did twice. And we …
Did twice. And we can assume you were lying when you claimed governments never forced banks to lend to people who could not pay back.

By: newperve

newperve — Mon, 09 Nov 2009 04:36:58 +0000

You made a negative …
You made a negative claim that was clearly untrue. There are multiple instances of governments forcing banks to lend to people who could not pay back. That you now claim it was not a claim makes you a liar. I posted evidence of the CRA being used to force banks to lend to uncreditworthy borrowers twice. The Commodity Futures Modernization Act left the market still very, very regulated, and in any case derivatives were only a problem because ratings agencies made them so.

By: IIKruZerII

IIKruZerII — Mon, 09 Nov 2009 04:36:58 +0000

Oh and one more …
Oh and one more time, please show the “well documented evidence” that banks were forced to lend to people that could not pay them back. Until then we will assume you are lying. Thanks! : )

By: IIKruZerII

IIKruZerII — Mon, 09 Nov 2009 04:36:58 +0000

to do with with …
to do with with futures derivatives. It did not.

BTW, six words, I was not going to include the “of 2000″ portion.