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  • Regulators and Government allowed teh bankers, and the public at large, to live on the wave of a limitless credit boom.

    If they had had tighter rules and regulations in place, then we wouldn't have seen this happen.

    However tighter rules and regulations don't win votes, and as political parties are more concerned with staying in power, than making any meaningful social change theses days, they tend to come up with short term policy to ensure power, than long term policies encouraging social and financial stability

    So the regulators are to blame because they weren't regulating enough. And this is because of political interference, which was coming from political parties who were going for the populist vote (because everyone loves deregulation)?

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