Might have helped to keep Glass-Steagall in place too. The myopic frenzy of bipartisan deregulation that happened over the past 20 years can’t be overlooked.

I’m not one for a heavy regulatory hand, but sometimes common-sense regulation is required to keep people from getting crazy. Derivatives trading is an area where people got crazy. Somebody, somewhere should have stood up and said stuff like CDOs squared were crazy ideas.