Please, no doubt there is plenty of blame to go around. However, the financial sector must accept the lion’s share of the blame...they did it. They can not be trusted and new regulation-not bs stuff-but real reforms are needed. By the way Merril CEO wants an 10 million dollar bonus...while workers are being let go. This stupid crap needs to stop. One of the most important reforms would be to give stockholders the rights they once enjoyed over how much these CEO’s are paid and the direction of the company.
What a small potatoes piker he is, then...
The Fan & Fred CEOs made off with 100's of millions.
The "financial sector" was simply responding to incentives and threats from the DEMOCRATS in gov't to make loans to people who didn't have the means to pay them back.