Quote:
Originally Posted by classicman
I think that IS the discussion. (see thread title) :p
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That is why I have been asking others how they would reform the banking/financial services sector. :p
If not with greater federal regulation, then how?
I have never suggested that regulations will eliminate all the crooks and greedy manipulators in the industry. I do think new regulations will minimize these practices and punish those who abuse the system more than they can be punished now.
But if you disagree, I am open to other suggestions. How would you prevent future questionable housing loans? or prevent future Madoff type rip-offs? or shaky financial instruments like derivatives?