[Bill,
September 17, 2008]
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.