http://rc3.org/2009/01/04/why-financial-regulation-is-necessary/ Strong opinions weakly held Sun, 14 Mar 2010 21:46:50 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://rc3.org/2009/01/04/why-financial-regulation-is-necessary/comment-page-1/#comment-4113 John Mon, 05 Jan 2009 03:45:40 +0000 http://rc3.org/?p=8841#comment-4113 <p><a href="http://www.newyorker.com/talk/financial/2008/09/29/080929ta_talk_surowiecki" rel="nofollow">This article</a> explains what I mentioned in more detail, but it wasn't the original one I read.</p> This article explains what I mentioned in more detail, but it wasn’t the original one I read.

]]> http://rc3.org/2009/01/04/why-financial-regulation-is-necessary/comment-page-1/#comment-4112 John Mon, 05 Jan 2009 03:41:31 +0000 http://rc3.org/?p=8841#comment-4112 <p>I read an article some time back (sorry, I can't remember where at the moment) that the whole problem with the big investment houses is that they all went public in the 90s. Before that, they were owned by partners who would have never taken such risks with their own money and would have have a much longer time horizon for results.</p> I read an article some time back (sorry, I can’t remember where at the moment) that the whole problem with the big investment houses is that they all went public in the 90s. Before that, they were owned by partners who would have never taken such risks with their own money and would have have a much longer time horizon for results.

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