Cyprus in last-ditch bid to agree bailout (40% haircut)

[BlueStreak]

82. I agree about good times / bad times, but the fractures were there before 2008

Certainly it is all out in the open now.

And really the same thing can be said about any of these deregulation efforts. During the first few years when the vultures move is, there is a great flurry of economic activity. But once the meat is taken from the bones, we are left with a bloody mess. Sometimes that cycle takes only a couple of years. It took 10 years to blow up in the banking sector It was a slow steady decline in the airline industry over 30 years. after deregulation. How is all that consumer choice working out now that we have essentially 4 too-big-to-fail airlines?

And the telecomm business, we have basically one company now. Technically I suppose there are still 3 brands out there, but they all have exactly the same price-fixed prices. 30 years later, we have no more competition than we had when it was all "ma bell" but they got rid of the regulation, so the oligopoly is free to do anything now.