Wall St. let greed and stupidity wipe out our banking and investing system. The regulators and government were right along with them in the ponzi scheme financing we call the derivatives trading system. Trillions of dollars later, these insolvent criminals are all covering their tracks and reinventing history. Nothing has changed. No one but Madoff has went to jail. Secrecy and obscuration as to where all the funny money printed by the FED went to is the norm. The politicians who enabled them are now the ones who are supposedly investigating them. What a joke.
The banks were FORCED to give mortgages to NINJAs.......The banks sold the mortgages. Some institutional investors were willing to take the risk.
Everyone knows that every single stock you buy is only going to go UP. Everyone knows that!!!!
NINJA........No Income No Job No Assets
are you demanding for more regulation?