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A comment on What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?. Parent comment

Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by skohan on Sunday May 09, 2021 @03:07AM (#27093888)
I suppose this is a philosophical argument more than anything, and I can't claim what's the right answer vis a vis accredited investor requirements, but it's worth contemplating that those rules originate from the crash of 29, when an unregulated market led to the financial destruction of a huge number of ordinary Americans.
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Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by insert_coin on Sunday May 09, 2021 @03:13AM (#27093911)
As have all the crashes since in "bulletproof" regulated markets.
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Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by skohan on Sunday May 09, 2021 @03:24AM (#27093958)
I don't know if anyone has ever argued that the markets are bulletproof.

Should we not have speed limits because traffic accidents still exist in spite of traffic regulation?

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Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by insert_coin on Sunday May 09, 2021 @03:31AM (#27094004)
No, but we also shouldn't imply the main reason accidents occurred before was because there were no speed limits.
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Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by skohan on Sunday May 09, 2021 @03:45AM (#27094074)
I don't think anyone is arguing that lack accredited investor requirements was the main reason for the crash of 29, just that it's one of many common-sense regulations put in place to prevent a repeat of the worst outcomes.
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