Actually, if the laws that are still on the books were enforced, the problem would not have occurred.<quoted text>
Ronald Regan, the great communicator. I remember when he first communicated (almost an exact quote): We need to get rid of all these depression-era regulations. And he did. And no one challenged it (not even the democrats under Bill Clinton) and now here we are. Laissez-faire
government for the most greedy and selfish among us. De-regulation needs to be slowed down
That's the problem this generation is now facing--and the reason that desperate measures like the slots and casino silliness is infecting the legislature, the congress, the Supreme Court,
and the confused citizens of the state.
A lot of this problem is fraud....misstated income by homeowners/brokers, misstated ratings by rating agencies for CDOs, Bernie Madoff ponzi scheme, etc. AIG had no reserves against the credit default swaps, also illegal.
We really do not need any more regulation, just true enforcement.
The greed and selfishness happened due to their cronies turning their heads.