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Wall Street Breakfast: Must-Know News [View article]
Using Tax Payer Monies To "Back Stop" Losses On This Crap Is Criminal. Bad Bets Need To Burn !!!
I fear that the "Regulation" that is coming will be authored by those subject to the regulation and handed to our "Purchased Representatives", not for review but for passage. "Shadow Banking" has turned out to be way too lucrative for meddlesome regulation.
Case In Point - Review the Savings And Loan Debacle and Enron. Their structure is the same as our current fiasco - only the names of the "Instruments" have changed.