JoeMemphis wrote: ↑Thu Dec 22, 2022 6:36 pm
So is this a regulatory failure or not? Answer the question GoU. I don’t need to hear how to build a watch.
I don’t have a problem blaming the robber. But I do expect my banker to lock the vault. I expect them to take common prudent precautions. And when they don’t do those things that discourage, prevent, or detect fraud, then they share responsibility. It’s contributory negligence in my view. So throw the bad guys in jail. I’m all for it. But don’t let it happen again. Do something about it. Don’t just sit there with your thumb up your ass looking for someone to blame for your lack of effort and stupidity.
Hell, I can't teach you to build a watch, you don't even know how to make a link on a message board. I gave historical background, but to try to explain or teach ANYTHING to you is trying to teach a pig to sing.
You're the one who is looking for someone to blame, not me. You say not to depend on government. But YOU say it's the government's JOB to regulate, while you complain about regulation. You love having it both ways, which is what I and others have explained to you.
"Contributory negligence"? That's a good way to explain your supposed non-support of Donald Trump, while voting and supporting everyone that kept Donald Trump on top. He owned the GOP, yet you kept voting for all those who did what he said.
But you won't answer any questions about that.
The answer to your question is no, this is not a failure of regulation. A bank being robbed isn't the cop's fault, it's the fault of the robber. But you like to coddle criminals, don't you? Nothing's perfect, and when you set up a regulation, the crooks are looking for a way to steal anyway.
Ask Donald Trump.
This is a failure of DEREGULATION.
If it were up to me, I'd ban crypto. But you don't offer solutions, you just want to blame. Here's the blame: Ronald Reagan. After the disaster of unregulated finance in the 20's, we regulated the financial industry. We clamped down on fraud, and regulated the banks and the markets. It worked quite well for half a century. Banks were heavily regulated, and the markets were heavily regulated. The system worked well. You could put your money in a bank, and you knew it was safe there. The banks had to handle your money wisely, and couldn't use it to invest in shady investments.
Then came Reagan. He deregulated our financial system, and right away, Savings and Loans across the country started failing. And the failures continue to this day. THAT'S what "contributory negligence" is.
It would be like telling banks they can't have security cameras or guards, and telling cops they can't respond to bank robberies, and if someone IS caught robbing a bank, the most that can happen is a hundred dollar fine and no jail time.
Because people like Donald Trump love to rob and they don't want any consequences.
I'll tell you right now, an "investment" at a poker table or in a Las Vegas Casino is safer than the stock market which is crooked through and through. Because Las Vegas Casinos are well regulated, and are more honest games than anything you fucking money changers have ever done. It's corrupt accountants that give us the world we have today.
Now, your question is answered. Because I'm not scared of you, you sniveling worm. You're scared of me and run away all the time from questions.