[Fej]

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.

[Jabanga]

>it turns out that having no rules on speculation is a bad idea.

Source?

[siliconviking]

Are you saying the SEC would have prevented the depression?

[gbhn]

It just did a few years ago.

So, yes.

It's easy to see why poor decisions repeat cyclically.