yes, crooks on WS and the govt. betting houses were elimintaed after the depression. states had laws forbidding the same. the feds made it legally again and the fed law superceeded the state laws. there was nothing illegal about what happened. there are ethical issues with what happened. the issues WS is in bed with both democratsa and republicans. congress passed laws and pushed practices that allowed for the economy to crash. business only did what was legally allowed. I doubt derivatives will impact ure. the senate is having issues with passing financial reform. most of it is probably a good thing, but there are always those ammendments that are eclusive and protect the voting base. the real issue is congress no longer applies legislation equally. the top and the bottom generally benefit the most....the top because of the financial backing and the lowest because of sheer voting numbers. The ones in the middle are left out and foot the bill.