Writer's Block: Federal Regulatory Overhaul for the Financial Industry
No, it needs no federal regulation. Congress telling banks to take more risky loans in the late 90's contributed greatly to that in the 1st place. That is what really bothers me when Obama talks about how we need to redistribute the wealth more evenly. It sounds similar to Congress saying the those banks should give loans to people who can't afford them, to ensure more have the "American Dream". Sorry to impose my libertarian views on my 10 friends and the rest of LJ.