short WFC

Charlie Gasparino: Another Crash 'Has to Happen Again'

the idea that investment banks took on 'too much risk', misses the point. they are REQUIRED by their job description to take risks to make profits, when the gov reduces risk on some investments (FDIC, FNM etc) these 'banks' MUST take on further risk or they are not doing their job

We're in an Opacity Crisis

I agree with most of it, just want to add the dire requirement for broad, and strong accountability enforced at top level administrators of gov , GSE and private entities.

no accountability=no long term success of policy.

2nd point is that governements role in breakig up provate monopoly shold be expanded to include 'too big to fail' organizations.

these two ideas if strongly enforced will go a long way to protect stability, economic policy, and taxpayers