tag:blogger.com,1999:blog-2161094474017907793.post3383258989903751962..comments2021-07-15T02:02:11.105+01:00Comments on Controversy!: Government should not regulate the banks!Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2161094474017907793.post-29659637160853125612009-05-24T16:35:42.172+01:002009-05-24T16:35:42.172+01:00This all could probably apply to the agricultural ...This all could probably apply to the agricultural market where the product is very simple; an egg or cheese. However, the principle of non-regulation cannot be applied as easily in the banking sector where information is very far from perfect as the product provided e.g subprime mortgages, is very complicated. The truth is that the competition cannot provide regulation as it is engaging in the same harmful activity. There is a need in the financial sector of the economy for a body not concerned with profit that would inform and impose restrains on the players in the market.Anonymousnoreply@blogger.com