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| Joined: | Mon Nov 21st, 2005 |
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Almost spells it out, so...what did he say when he said something that sounds like Agressums Dynamics?
Time 12:55
The U.S. financial system is sick and we still have this fundamental dynamic, and the fundamental dynamic is the regulatory race to the bottom, and so this is the biggest banks put us in competition, particularity with the City of London, to who will have the weakest regulation, and then they move their operations to wherever they will have the weakest regulation, and the place that won the competition in laxity was the City of London. No obviously you can't win a competition that is a race to the bottom so "win" should be in quotation marks.
If you get rid of the cops on the beat, then cheaters prosper, and we call it aggressums dynamic, in economics and criminology, and in regulation, in which bad ethics drives good ethics out of the market place.
aggressums dynamic
What is that, is it spelled right? It sounds a lot like Legal Crime to me.