Will Australia Follow China's Google Ban?
gadgetopia writes "A news report in Forbes says that China has blocked Google with its great firewall; now the world waits to see if Australia's Minister for Censorship, Senator Stephen Conroy, will do the same following his outrageous attacks on Google."
No, they didn't act irresponsibly. It's bad business for a bank to give out a loan to someone who's unlikely to pay it off - hence why those people were denied loans and the government created the CRA to strong-arm banks into making those loans. What's good for the bank (meaning increasing profits) is to NOT give out loans to people unlikely to pay it off.
I beg you, learn something about economics, finance, or banking in general (as in read a textbook). All you're doing is making yourself look ridiculous by spouting off irrelevant crap and insults instead of learning how the industry actually works.
they're introducing new (same as the old) REG-U-LA-TIONS so it doesn't happen again. because REG-U-LA-TIONS will fix the problem. DUH
If you knew anything about the history of our economy, you'd know that every time the economy is good regulations are loosened, then after people get greedy and make mistakes, regulations are tightened because people want someone to blame and by having more regulations, they can pretend that things will be different next time. It's a cycle that happens endlessly.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." ~Thomas Jefferson