Quote Originally Posted by Kush View Post
Freddie and Fannie weren't the only causes of the global credit meltdown. Your statement isn't correct; a lack of regulation has hurt us too. I would dare to say that less regulation has hurt us more more. Credit Default sweeps and Predatory Lending/Idiotic Loan Taking are two examples of things that need heavily regulated.

There were and are plenty of regulations on the books. Enforcing existing regulations -- and prosecuting fraud vigorously -- is all the system has ever needed. Neither was done assiduously.

"Predatory Lending" should be addressed as fraud. "Idiotic Loan Taking" is a caveat emptor deal. Or are you seriously suggesting that we should somehow "regulate" what financial choices a free citizen makes for themselves?