Yep, that is why "sensible regulation" is a necess...

2008-01-19T13:11:00.000-05:00

Yep, that is why "sensible regulation" is a necessity no matter what the GOP thinks. I am a small govt guy but this is one thing govt should be doing. People left unchecked will wreck havoc. We had an IPO in China for that coal company I posted about, it went up 90% and the CEO was disappointed. Classic example. Another are all these solar companies ramping up in China, no matter what the cost. They see their peers getting rich by listing on US exchanges and all they need to do is ramp up, get a public listing and they can be rich overnight due to American investors who believe every solar company is going to be the next Intel. So greed drives that behavior. With the Shanghai stock market up 100%s dont you think the people there are thinking the same as US people in the late 90s... all I need is to get an idea, list on the exchange and I will be rich beyond my dreams. Humans are humans the world over.

This is why I am not to worried about the Earth surviving humans damage to it. In the end the Earth will still be around - somehow I think humans will find a way to exterminate themselves. And the Earth will keep ticking, probably a far better place after this takes effect ;)

"Trust me, greed is a universal human trait "Somet...

2008-01-19T11:26:00.000-05:00

"Trust me, greed is a universal human trait "

Sometimes your thinking is so damn close to mine its uncanny.....Humans IMHO are innatley greedy. Its nothing new...cavemen wanted something they're neighbors had....and so on. The human race will never be satisfied, and is probably its own worst enemy.

Comments on Fund My Mutual Fund: China Discovers $119 Billion Banking `Irregulariti...

Yep, that is why "sensible regulation" is a necess...

"Trust me, greed is a universal human trait "Somet...