slade
2008-10-08 23:50:11
Buddy – the only disagreement I have with the market versus government failure is that 2003/04 (around there) under Donaldson as SEC chairman the five big investment houses were allowed to leverage up from 12:1 to 30:1. I guess it depends on whether you call that government regulation or deregulation. The rest of it is pretty clear.
Has been for some time.
Good verse.








