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vansmith

 
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Member Since: Oct 19, 2008
Location: Toronto
Posts: 18,008
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Quote:
Originally Posted by RONE View Post
Ford Motor Company didn't receive any support during the financial crisis because their executives saw the direction things were heading, and chose to be proactive and prepared. They came out of the financial situation stronger than they went in - all WITHOUT the government telling them what to do.
That makes it sound as if Ford operated beyond the boundaries that is regulation. They're success was, and always will be, in part due to regulations which ensure that they don't do stupid things that are thought to be wise through the lens of greed.

Quote:
Originally Posted by RONE View Post
You can't regulate enough to protect poor choices by consumers (and I wouldn't want to, anyway). Ultimately, the fault lays with the consumers who were getting way in over their heads because they didn't do their research and the executives/decision-makers of companies who didn't plan for potential changes in the future.
The issue here is you are creating a binary in which you have no regulation on one hand and excessive regulation on the other.

Quote:
Originally Posted by RONE View Post
Every regulatory change I see to 'protect' someone lasts for a generation, until the new youth reaches that same age, then they come up with their own new, stupid choices. As an example, look at the number of ridiculous warning labels on every appliance you buy nowadays, and yet people still manage to do something new and dumb with it to hurt themselves. Same thing goes for financial regulations.
And warnings/regulations have never saved anyone from something? You're making a tenuous logical link between the presence of warning labels and personal ignorance. So, is the answer to simply remove all labels? That's a risky game to play that leads to nothing beneficial.


Quote:
Originally Posted by RONE View Post
How is an electronics company "heavily invested in the social good"? This doesn't pertain to Apple at all.
You were talking about the federal credit rating and I responded by talking about financial institutions. It was entirely relevant.

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