Quote:
Originally Posted by Slappin Fish
Domino effect.
Even the hardest capitalist that looks into how subprimes were packaged and sold will admit it was a cluster fuck.
Free market = unegulated prices not free for all unregulation.
In fact Capitalism requires regulation if only to protect property rights and ensure prices are dictated solely by supply and demand.
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Yes there are regulations in the free market. You are not allowed to commit crimes. However subprime mortgage crisis was created by regulations.