I never -- not once -- said or even implied that there was too much goobermint regulation, but rather that such regulations as existed were not enforced by the incompetent boobs who call themselves 'regulators'. Further that, greed notwithstanding (there will always be greedy bastards, after all), regulators could easily -- and I mean VERY easily -- have prevented something on the order of 65-70% of this debacle by simply doing their respective jobs.
Do please try to read what I wrote, and not what you'd like to think I wrote.
Part of the other 30-35% of the fiasco, btw, was caused BY regulators, specifically the ones who enforced Cuomo's 1994 rewrite of the regs governing the CRA of 1977. Without that little soiree, hundreds of billions in dodgy mortgage loans would quite literally never have been made, and thus not become a problem.
I love how you support the article complaining about an excess of regulation and blame government and regulators for everything, yet you never complain about to much regulation...
Obviously Wall St. has no blame... it’s always someone elses fault...