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Thread: The Need For Regulating Markets

  1. #31
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    Re: The Need For Regulating Markets

    Quote Originally Posted by pbrauer View Post
    When the stock market crashed in 1929, the income tax rate was at 24%, the rich used the money to speculate on the stock market on margin. The lack of regulations and easy money was the cause of the Great Depression.
    I think it's hilarious how Mayor doesn't point out that there wasn't regulation on margin calls. Apparently huge amounts of stock purchased with 10% margin is something we should go back to?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #32
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    Re: The Need For Regulating Markets

    The problem with self declared Conservatives (who we all know how many here are faking it) is that they hate regulation...until they get burned by the lack of it.

    What is even more amusing is that the rich arguably have the most to lose from lax regulations regarding the finance world.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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