Because lots of people losing all of their money on bad investments has effects ... | Hacker News

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chickenfries on Dec 12, 2017 | parent | context | favorite | on: SEC Shuts Down Munchee ICO

Because lots of people losing all of their money on bad investments has effects on the whole economy, see the Great Depression.

tarsinge on Dec 12, 2017 [–]

But when it’s institutions like in 2008 it’s ok?

chickenfries on Dec 12, 2017 | [–]

No, that's a problem too? Why does everyone respond with "oh so you think payday loans and subprime mortgages are OK?"

Do you actually want to go back to a time before the SEC. That's how you get a Great Depression.

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