re: The Senate worked late tonight to get in a vote that will repeal the ACA.

quote:

---

Same could be said of the recession. It's almost as if removing regulations on the banking industry can make them more reckless

---

you do realize that if Wall Street wasn't so highly regulated, these investment ideas/vehicles would have likely never been created?

these advanced securities were created to get around the complex regulations, which made their danger increase. without the regs, they wouldn't have been created b/c there wouldn't have been a demand for these

more regs = more complex and unstable securities