Quote from bdon:
i find it hilarious that within two years of relaxing. or in some cases, completely eliminating rules that were put in place following the Great Depression, we are staring down another one.
Exactly right, I dont understand how they let these major banks and brokers take advantage of the credit situation the last decade. Why werent rules in place years ago to control this. Credit default swaps (HA!!). I guess greed does own wallstreet. All that is happening now was certain to happen in any market that GREED controls.