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.
Not true at all. That bubble happened precisely because of regulation. Banks were practically forced to lower lending standards by Freddie and Fannie, not to mention the FED key interest rate affected mortgage rates to get artificially low enabling many to borrow who couldn't afford it. All Wall Street did was feed upon this circle and meet a demand that was created by the government and no one else. It's called moral hazard, look it up.