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Thread: Where Do We Draw The Line?
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05-25-2012, 12:38 PM #11
- Join Date
- Aug 2011
- Location
- Toronto, Canada
- Posts
- 233
Thanked: 22Interesting...although you're mostly right, the question that comes up is how do we keep companies that are less than ethical from ripping people off?
Its precisely the lack of regulation that got your fine country into that mortgage debacle that started this downward spiral,
I'm all for free markets, but free does not mean you can cheat and steal. if a private company willfully cheats and lies, they need to be held accountable. If you or I misrepresented ourselves at a bank and managed to get a million dollar loan and then refused to pay it back I think the full weight of the law would be upon us. Not one single person or company has been charged, let alone convicted in the sub prime mortgage fiasco.
I believe government should protect its citizens...all of them, not just the ones that donate millions to re election campaigns.