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.

PS: Sorry i never got back to you about the other stuff in the meltdown thread. You appeared to be partially right in saying that purchases of the assets wasn't the best idea. A cash injection in the form of direct loans served better.
All the regulation in the world cannot redress the problems brought about by an abundance of low IQ stupidity and the fallout from a culture that has inculcated fiscal irresponsibility for the better part of three to four decades.