Quote:
Originally Posted by User Name
The principle problem with the so called crisis, is neither Obama or McBush, it's unfettered deregulation.
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I don't know why this concept is difficult to understand...these industries used to be regulated...and it's for the same reason we have laws. If there was no law against murder, most people wouldn't murder, but there would be some that would...and maybe some others would say "hey, if he is doing that, I will too!". Human nature is kind of inescapable. If one group of executives is going on a $440,000 holiday and charging it off to the company, plenty of other executives will say "hey, we want to do that, too!", even though some will scoff at it. Once upon a time the management of the company, or the board of directors, were the ones to nip this crap in the bud, but somewhere along the way they became part of the problem, rather than the solution.