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Reply #51


Response to Simo 1939_1940 (Reply #50)

Mon May 14, 2012, 09:10 PM

51. I'd also bet that most people in favor of tighter regulation on Wall Street banks...

...would be unable to detail the characteristics and function of Credit Default Swaps or Collateralized Debt Obligations. They may have heard of the "Volcker Rule", but would be totally incapable of describing an effective way to distinguish proprietary trading from hedging. Etc.

Does that make their concerns invalid? Of course not.

You see, the gun lobby isn't the only right-wing lobby that likes to hide behind technical minutia in order to try to obscure the big picture. At a high-level, it is utterly obvious to any reasonably intelligent and honest person that the lax gun laws in the US result in thousands of needless deaths every year. And it is equally obvious that lax financial regulations almost brought down the world economy.

It's hard to imagine a more vivid example of intellectual dishonesty than the idea that, because someone is unfamiliar with certain technical details of how firearms work, that they can't have an informed opinion on gun policy.

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LineLineLineLineLineLineLineReply I'd also bet that most people in favor of tighter regulation on Wall Street banks...
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