Lack of Regulation Didn't Cause the Crisis and More Rules Won't Prevent the Next One

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You can't be serious. Are you telling me that requiring banks to verify income and the ability to pay a mortgage would not have helped alleviate a large portion of this crisis?

Wow, this is actually the first intelligent thing i have seen on tech ticker in a while. Well except for the Obama as a lame duck. Deregulation wasn't the problem. It was overconsumption.

Our elected officials are so pathetic and incompetent that I have no faith they can do anything right. Is there anyone out there that is honest and has common sense that will run for office. I am at my wits end!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This is silly. Sarbanes Oxley was designed to prevent fraud and has worked very well (seen any Enrons lately?) . This guy makes it sound like it was supposed to prevent businesses from failing.

He's right about FRE and FNM. He missed out CRA, ECOA, Open Space Laws, The Federal Reserve, Fiat Money, Fractional Reserve Banking and the entire regulated banking sector. This crisis is yet another failure of government interventionism. The solution is actually simple - Stop Government intervention of all kinds in the economy. Instead, get the Government to do its real job - protecting people's Rights to Life, Liberty, Property and the Pursuit of Happiness, enforcing contracts through the judicial system and punishing Rights violators and contract breakers. Get the Government to follow the original US Constitution as it was framed; especially the Bill of Rights and the 2nd Amendment.

This sounds like an Obama slave. Don't blame me--trust me to protect the public interest. Oh, yoy have to give me completre control --trust me to control wages for the top floor---trust me............ You must think the nation has a room temperature IQ!! Not so!

So, do you think Jeff Matthews and his Ram Partners like teabagging? Seems like the type for it.

1. Enforce the laws we have. 2. Get rid of "off balance sheet" assets and other accounting slight of hand. 3. Let failure happen to foster an environment of risk averse, conservative management. Repeat on our government.

A dose of truth and common sense? Dear Mr. Task, please prepare for the wrath of the Ovomit machine. Neither the truth nor common sense have a place in today's politics, if they get in the way of the ordained agenda.

A dose of truth and common sense? Dear Mr. Task, please prepare for the wrath of the Ovomit machine. Neither the truth nor common sense have a place in today's politics, if they get in the way of the ordained agenda.

Wow what drivel and idiocy. AIG's derivatives were unregulated because they were invented precisely to get around the regulations. That situation could happen because 70 years of Glass-Steagall was dismantled to let the fat boys get fatter. Are you trolling? This is amazing b.s.

"Regulated banks caused the crisis".....Sorry Jeff, wrong again (just like your housing opinion). The crisis was in the shadow banking system. What large commercial banks have had runs on them? Quick! Name just one. You can't because there are none. Now: what investment banks have had runs and have failed? Bear Stearns, Lehman, Merrill Lynch. And what is AIG? A regulated bank? If you think so, you need to quit your job immediately. Need I go on? The crisis was ENTIRELY in the unregulated securities/derivative/CDS markets, not in the regulated commercial banking industry. FNM and FRE? Come on - those have always been quasi-gov't institutions whose only job was to shovel the manure coming from the investment banks, more precisely, to buy the MBS that these factories were spewing out and monetize the debt. Aaron, please don't have this guest on anymore - he's either a dumbsh*t or a complete huckster, republican apologist.

Yeah, this sounds like it is going to work... sure.

News today is, new housing construction jumps by 17% in May. Ummm, spring is always busy for new housing. 17% jump kinda sucks. Who educated these morons. Harvard?

Just another reason to fire all the yahoos in congress. Smaller Federal govt now! You can barely handle your current job boys why are you adding more to your plate. What a bunch of idiots Obama and his team a bunch of idiots Bush and his team a bunch of idiots. The people who think Obama is any better then Bush a bunch of starry eyed idiots. There is no change its still the same group of people getting involved in something they don't understand. The Feds need to stick to Infrastructure, Military, Diplomacy, and Laws

The government is faced with a historic, daunting task of realigning the biggest financial system in the history of mankind - that of US. It must be difficult, very difficult. The real problem is, any solutions that came out based on past problems can never prevent future problems that will eventually lead to another boom and bust in the future. No matter what the fixes are to be now, we cannot avoid another bigger boom and bust in 15 to 20 years.

Fannie and Freddie were the only problems? That's hard to believe. What about the failure of regulators to oversee the credit quality of the "too big to fail" banks? There was the repeal of the Glass-Steagall Act. That was costly. It led to banks investing in equities. What about AIG? They insured just about every freaking loan and the bad mortgage paper. Who was watching that as we ended up having to make good on their policies issued to international banks? This seems like a very short-sighted or agenda-driven piece of writing.

existenceexists - Tuesday June 16, 2009 10:28AM EDT He's right about FRE and FNM.......... ---------------------------------------------------------------------------- I was going t post something, but he ^ said it all. good post.

Bullroar! If you believe that the bankers will ever voluntarily restrain themselves from gambling with other people's money, I have a bridge in New York that you might want to buy. The beginning of the latest collapse can be directly traced to the relaxation of the regulations enacted during the Great Depression.