Full Money Market

They understand the problem isn’t the banks not being restricted, it’s government not being restricted. The government insisted loans go to people who wouldn’t qualify and promised to back those up with your taxes.

That was aggravated by citizens mindlessly squandering, on credit, more than they could comfortably support. That was backed by home equity which plummeted from the foreclosures on the normally unqualifiable.
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decades studying philosophies, cultures, and social institutions began because of the confusion resulting from my military experience under the shadow of neo-Marxist propaganda disseminated from universities

JOHN you have hit the nail right on the head.. Any and all financial disasters which has befallen this country throughout our history is the direct result of The Republican party in BED with BIG BUSINESS and the RICH to "GAME" the system by deregulating themselves through their endorsers the Republican Right!! By doing this they can REAP enormous profits,,realize monumental growth and create financial ciaos !! If they can grow themselves to a state where they are too large to fail,,THEN,,just as now UNLESS they are BAILED out by the ONLY entity large enough to do so,, can create a Monumental DEPRESSION in the economy !! Thus ,,where we are today.. Obama seeks to REGULATE the Banking system so that NO COMPANY will never again be allowed to become too large to fail !! Republicans will fight tooth and nail to counter ANY moves by the Obama administration to bring Regulation BACK into a state of sanity and reason..Check history,,The Savings and loan crisis,,the Bank failures in the teens,,and even the Depression of 1929. No small businesses caused any of this NOR any workers Union or workers in general.. It ALWAYS goes back to the Republicans and BIG BUSINESS and GREED !! SCARBORO
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As for George S comments,,Remember this,,NO BANK EVER MADE A LOAN IT LOST MONEY ON !! PERIOD !! WHEN FINANCIALS RISK CUSTOMERS MONEY ON RISKY ,VENTURES AND DERIVITIVES, BECAUSE THEY HAVE BEEN ALLOWED TO DO SO BY DEREGULATION,,THE SYSTEM HAS BEEN ”GAMED"!!

The community reinvestment act lead to much of this "Credit Crisis". The government forced "regulated" that banks give a certain percentage of their loans to people who would not normally qualify. This lead to subprime mortgages and the drastic run up in housing prices. Look like in california where they have much state-regulation on a plethra of things. Houseing prices are crazy high and it doesn’t match the income. A part of this can be government regulation that makes it illegal for banks (in many cases) to attempt at getting their money back from people who buy to much house and then foreclose. These regulations are supposed to help people but really it is to help those who do not care to find out about who to do things financially by themselves. This causes those who do care and do do things right to have to pay more and the cost structure and risk basis for almost all things becomes distorted. CDS,s and derivatives have been around for years people just do not understand them and people who do not understand them should not use them and more importantly not regulate what they do not understand. If people took responsibility for themselves then the government would not be called on to do anything. If our government want to regulate away all risk, it will also regulate all reward and then we will sit in doldrums for decades until someone comes along to undo all this insanity. Do we want to be like the japanese, the french, the german, great britain, really I love our country where we can still come from nothing and wqork hard to have the world!!
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LOL at you thinking the banking system lacked regulations and restrictions before the economic crisis!
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