Quote:And no one is in jail. 

 

 

That is the real shame, they all got away with it.

 

Quote:You complain that regulations caused this to happen and you honestly think that no regulations will cause banks to behave in a proper manner that does not risk the overall economy? Why would they even care if they get bailed out? They have already made the money and have it stored off shore so they can participate in various tax loop holes. What do they care what the end result is if they can scoop up tens of millions in personal profits? 

 

Intelligent regulation is the only thing that keep the banks in a capitalistic economy like outs in check. 

 

I'm not saying no regulations was the option, I'm saying the market was created by legislation. The banks had never entered the sub-prime mortgage before because they where BAD loans, they knew it, everyone knew it. Writing bad loans is how banks go out of business, it wasn't until the Feds mandated a percentage of the loans be sub prime and then they would guarantee those loans that the market developed.

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