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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (472283)	4/15/2009 7:34:03 PM
From: combjelly	Read Replies (1) \| Respond to of 1575761

"Maybe you could point to the regulations that, if not cut, could have prevented the meltdown in the securitization of mortgages." Sigh. Still in denial, I see. It has only been covered here and elsewhere only about a million times. The lax regulation that Reagan championed led to financial institutions to take greater and greater risks. Until Reagan, finance was a dull place to be. And it didn't pay all that well. But, during the Reagan administration, that started to change. All was rosy until we had a wake up call in the S&L crisis. But, we kept up relaxing and even down right ignoring regulations. Assuming that all businesses needed was a free hand in the market and not holding them to regulations was a very bad idea. It looks like you are trying to claim that this was just a normal part of the business cycle. It wasn't. It happens every time the financial institutions are allowed to play high stakes poker. For a while, the economy booms. And the financiers make the big bucks. But it always crashes.