re: #46 Aceofwhat?

Let me say this loudly and clearly, as someone with some small financial and economic education (mostly marketing, operations, and management though).

Regulation, or the lack thereof, had virtually nothing to do with the recent financial meltdown.

Period. End of story. Back to your regularly scheduled programs.

That’s just a ridiculous assertion. Things were done which, had they been illegal, would not have been so easily done. If they were illegal, then better enforcement could have prevented disaster.

To say that this wasn’t a failure of regulation is frankly absurd, unless you are going to assert that it’s really a great idea to bundle subprime debt into mixed securities the value of which cannot be accurately assessed, that people who have no income should have been given loans, and that the firewall between investment and savings banking should have come down.

Of course it was a failure of regulation.