tag:blogger.com,1999:blog-6093560390959788459.post7077969593638904254..comments2024-03-21T09:29:25.220+00:00Comments on The Financial Crimes: Well that didn't last longAlexhttp://www.blogger.com/profile/13775753218753337766noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6093560390959788459.post-7604048559666527542009-11-11T01:54:10.972+00:002009-11-11T01:54:10.972+00:00You can change the 'regulation' but you ca...You can change the 'regulation' but you can't change human nature.<br /><br />I have nothing to do with bank regulation, but I did have something to do with one of these pyramid schemes recently.<br /><br />If people don't want to believe what you are telling them (i.e. that it is illegal and will all end in tears) then they will just choose to believe the people that are telling them it is legal and will make them lots of money.<br /><br />Making pyramid schemes illegal didn't stop people doing them (and in a big way last year) and regulating banks more won't stop asset price bubbles fuelled by greed, stupidity and wreckless lending from happening again.<br /><br />9th of December, Bristol Crown Court, the first ever prosecution for running a pyramid scheme begins. I bet it doesn't stop it happening again in 6 years either.Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.com