Bitcoin and unregulated financial markets just leads to massive scamming.
Unlike our heavily over-regulated fiat trash based financial markets. Oh wait, S&L crisis, dotcom bubble/crash, housing bubble/crash, bond bubble/crash.
And Madoff, plus MF Global and LIBOR, etc. etc. etc.
Can't you go be a blithering statist in some other thread?
Not really in anyone's defense here, but the housing bubble crash was caused due to a lack in regulation rather than over-regulation. A lot of people at a lot of banks and firms were doing things that should have never been allowed even if just viewed from a common sense perspective.
Not that I'm a bank lover, but I wouldn't give (at least) the housing bubble to the over-regulation side.