[Wbulk]

I believe the purpose of government is to insure that the playing field is honest and reasonably free from fraud. We had and maybe still have a situation where government was asleep at the wheel because that's what GW wanted. Greenspan believed in few controls and didn't understand the impact the sub-prime loans would have on the entire economy. It was all built on phony money. Canada's banking system is secure with fewer big banks because they have tight controls. Human nature is people will take advantage of every situation they can for personal gain. No matter if they destroy their Country, State, Church, Family, or themselves in the long run.
It is tough laws that protect us from ourselves. There must be tight enforceable laws in our finnancial system and I don't see them yet.

I hear people say "when the economy recovers". Recovers from what? Recovers from what it was, which was not real, or from what should have been reasonable. The new reality may be a lot different than most ever knew in their lifetime.

Wayne