Nic_Driver
Active Member
- Mar 25, 2011
- 868
- 76
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i think the question is a bit more complicated than simple politics and who butters the bread. I'll be the first to lineup any Wall Street folks who committed fraud or violated the public trust.
However...if the complaint is that firms sold worthless MBS's and CDO's to other firms, that in-and-of itself is not illegal by any means. It would only be a problem if they sold assets without proper disclosure. We don't have laws to protect Wall Street firms from their own stupidity.
How about we pass some laws that protect America from wall street's stupidity?