Really? Give me an example of a truly free market that didn't last very long.
Open UW practices, Dawgman.com...
An asshole always, always ends things and takes away the free from the dumbs who believed in him.
So you don't have any examples?
HAHA, Right wing fanatics never believe or acknowledge that markets fail because of sociopaths…they just “correct”. Consequently, regulation is unnecessary, because everyone deep down is a good guy. Failed markets correct because the government steps in and bails out the failed market by insuring the losses are socialized out to everyone and by promising vast new regulation. Without regulation, these markets won’t correct.
CDOs, credit default swaps, bond rating agencies, insurance companies (AIG, etc.) basically anything in 2008.
Asset Management -> Madoff Investment Securities LLC, Stanford Financial Group
Tourist Industry for The Buddhas of Bamiwam
Iranian Nuclear energy program
Inevitably, all forms of Paper money...