Quote:
Originally Posted by Fox 6
Woah this thread is all bonkers. 
Which of you think this is a sign to step back and evaluate the system? Is more gevernment involvement needed? |
Yes and no.
It depends on the government involvement and type of regulation. This problem was created by both deregulation and over regulation. The split between mortgages and securities should never have been deregulated. The regulation of the Community Reinvestment Act should never have been instated and created billions in bad loans.
The answer is not all or nothing. My opinion overall would be that regulation that separates and protects based on historical evidence is good, while regulation that dictates business in the hopes that a positive impact will result is bad, if that makes sense.