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Over-Regulation Can't Safeguard Against Rapidly Changing Circumstances

J.P. Morgan's loss doesn't mean more regulation is needed

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This is rampant idiocy. Nobody said that regulation can protect against all evil at all times.

But regulation can certainly narrow the opportunities for self-inflicted financial catastrophe, and we need to make it more difficult for bad actors to mess up, while the rest of us repeatedly bail them out.

We need more regulation because Wall St. has repeatedly injured society, and shows no signs of taking responsibility or learning from experience.

If they knew what they were doing, regulation wouldn't be necessary. They don't, and it is.

Mr. John sets up a straw man, then defeats it. That's what makes the Heritage Foundation such a shoddy joke. Always.

Panskeptic of MT 5:09PM May 19, 2012