Quote:
Originally Posted by sterlingice
Hell, asleep at the wheel? How about the ones who actively have worked to undo regulation for the past two decades? That's not passively asleep at the wheel, that's driving the school bus to hell.
SI
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That leads to the question. Which regulations have been "undone" that caused this. Because it sure as Hell wasn't Glass-Stegall (undoing that may have actually helped prevent the recession of 2001 and the current one from becoming more severe).
Rainmaker is correct. It's asleep at the wheel. After all, Western European countries, who we apparently look at for regulation strength, didn't have the proper checks on their businesses either (and they didn't need a Gramm-Leach-Bailey, because they already allowed what the bill did in the US).