Bill's Notes

7 deadly sins of deregulation
Here: Good, common sense stuff.


Seven Deadly Sins

Sin One: Allowing Mortgage Lending to Become a Casino.

Sin Two: Allowing Unregulated Bond Rating Agencies to Decide What was Safe.

Sin Three: Failing to Police Sub-prime.

Sin Four: Failure to Stop Excess Leverage.

Sin Five: Failure to Police Conflicts of Interest.

Sin Six: Failing to Regulate Hedge Funds and Private Equity.

Sin Seven: Repeal of the Glass-Steagall Act.

Read the whole thing.
jim (mail):
One other point to consider is that the media, by hyping what is going on, is making matters appear more dire than they actually are. On the face of things, if you turned off the tv for a week, and did not read the fish wrap, things would seem to be fine. Gas prices are high, but have been for months. This financial situation is taking more headlines than Hurricane Ike. God Bless those who live in Houston and Galveston. You thought New Orleans was bad, there are square miles of areas with just home foundations. Photos are shown here from MSNBC. Helping the folks from Texas is much more important than this short term blip on Wall St.
9.18.2008 7:45am

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