Quote:
Originally Posted by guyy
Insull, the original Ponzi scheme, Florida real estate scams, the Crash itself...
Put it this way: there was a reason for all that regulation.
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Greed.
Also, I think history clearly shows that regulators are reactive. They let an excess cause a problem, then they do something that they think solves the problem. Then the next excess causes a problem and the cycle continues. There were many smart people in 1929 that did not get burned just like today. So they want to protect those who get duped. The duped should take their lumps and move on.
Also, many would argue it was the government response to the crash in 1929 that actually caused the depression.