Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Bill who wrote (739730)	9/16/2013 8:55:51 PM
From: combjelly	Read Replies (1) of 1576349

Two reasons. One, it is believed that if that was done, people would lose faith in the financial system. Personally I can't see how they have have less faith than now, but... Two, after decades of lobbying, especially when Republicans controlled the House, regulations have been weakened to the point where a lot of what was done may not have been illegal. If Morgan-Stanley can package securities that were highly risky, get them rated triple A and then bet against them with AIG and not break any laws, well... It is what happens when you let sociopaths write their own regulations.

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