The dangerous myth still believed about the Lehman Brothers bust

Re:The dangerous myth still believed about the Lehman Brothe... by curiousgal on Saturday September 29, 2018 @03:40AM (#18099167)

So it boils down to the U.S.' broken political system? If the effects of a financial crisis are felt across the globe, why not have an international comitee that regulates the markets? One that is not prone to lobbyists and campaign contribution mania?

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Re:The dangerous myth still believed about the Lehman Brothe... by namdnay on Saturday September 29, 2018 @03:52AM (#18099205)

Because then populists could score cheap points by railing against “unelected bureaucrats”... e.g Brexit

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Re:The dangerous myth still believed about the Lehman Brothe... by jstanley on Saturday September 29, 2018 @08:11AM (#18099921)

So the problem with having unelected bureaucrats is that it is too easy to come up with arguments against having them?

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Re:The dangerous myth still believed about the Lehman Brothe... by bnastic on Saturday September 29, 2018 @05:20AM (#18099464)

It would never ever work, and it would in fact be all "unelected bureaucrats"

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Re:The dangerous myth still believed about the Lehman Brothe... by sp332 on Saturday September 29, 2018 @09:31AM (#18100216)

How would you choose members of the committee in a way that doesn't involve campaigns? How would they make decisions without being open to lobbying?

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Re:The dangerous myth still believed about the Lehman Brothe... by JetSpiegel on Saturday September 29, 2018 @09:49AM (#18100283)

Shorter campaign cycles and a cap on expenditures. Abolishing PAC.

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Re:The dangerous myth still believed about the Lehman Brothe... by sp332 on Saturday September 29, 2018 @10:49AM (#18100660)

Curiousgal mentioned an international committee. You'd have to get global agreement and enforcement to ban PACs first.

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