Kasz216 on 21 September 2008
| Rath said: I don't like the fact that this gives the message to banks 'don't worry how much you fuck up, the taxpayer can pay for the lot'. Sadly though it is perhaps necessary, there needs to be a shitload more regulation of the financial markets though - this entire crisis was foreseeable and preventable and as such unforgivable. |
It wasn't lack of regulation. It was lack of oversite... a lot of the stuff they were doing were still illegal. Just nobody called them on it.
