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By Brandon (registered) | Posted January 08, 2009 at 14:39:40
A Smith,
The first step is in avoiding electing those who are determined to prove that government doesn't work, for reasons that one would think are obvious.
As an example, you have an SEC who had credible evidence from eight years ago that some guy named Madoff was running a ponzi scheme, yet no one looked at it. Nothing of course to do with the idea that enforcing regulations was bad for business of course...
Even Greenspan has come to the realization the "free markets" don't work.
As far as why bad mortgage loans were issued, I don't know enough to comment intelligently on it, however my guess would be that deregulation was involved somehow.
I am disappointment in you're grammar.
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