ST Alpha - "Actually, they were pretty much saying it at the time - that things weren't sustainable, that mortgage-based securities was too obscure, etc... -- nm" (Reading a Post)

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In response to "So, basically, they are saying "oops, should have regulated those banks some a few years back"" by ty97

Actually, they were pretty much saying it at the time - that things weren't sustainable, that mortgage-based securities was too obscure, etc... -- nm

Posted by Roger More (aka RogerMore) Nov 9 '09, 09:26

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But were they calling for regulation, or just expecting the banks to fix it themselves? - ty97 Nov 9, 09:28 1
- They rarely advocate for regulation, for sure, but regulation has lots of unpredictabe consequences, especially on the political side - Roger More Nov 9, 09:35

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