At one point, financial regulations were somewhat optional. The SEC was created to put an end to securities fraud, because it turns out that having no rules on speculation is a bad idea.
Do we need to repeat history, just to prove that financial regulations are a good idea? We had a Depression once. I'd not like to do it again.
Do we need to repeat history, just to prove that financial regulations are a good idea? We had a Depression once. I'd not like to do it again.