Horrible News: Lehman Brothers Bankrupt and Merrill Lynch bought by BAC

[Tribesman]

Well, firstly, only the government can undo government regulation, so yes, in fact we do need more regulation.

How much of this was down to the changes in regulation set up after the wall street crash for financial institutions , first by Reagan and then by Clinton .
Is it all of it or just most of it?

In the current mortgage crisis, the government encouraged lenders to make loans to people they would otherwise be hesitant to lend to.

Wasn't that part of the spend like crazy on credit to promote growth plan we heard so much praise for in certain quarters of this forum ?

the industry will learn from their mistakes.

Thats what they say every time , yet every time they don't learn and its the taxpayer who gets shafted .