Tuesday, September 22, 2015

The Need For Regulation

Yahoo - AP - Former peanut exec gets 28 years in prison for outbreak.

This first article is about a company that sold food it knew was tainted with Salmonella to customers. They also faked test results on food. As a result people died and hundreds got sick. In the corporate world this makes sense because the only thing they believe is that they must increase profits for the stockholders.

New York Times - Volkswagen’s Scandal Similar to One Involving Libor

In case you haven't read the story, Volkswagen was caught installing software on their cars to fake emission testing. They are now facing fines of up to $18 Billion.

Yahoo - AP - Bush says too many regulations are hurting US economy.

Jeb Bush is issuing a plan to further reduce regulations on business and wants to eliminate even more regulations on banks. The crash of 2007 and 2008 was directly caused by deregulation of banking and Jeb's solution is to further reduce regulation of the same people. If you continue doing the same thing and expect a different result, you are insane.

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