DISQUS

mattb79 · 1 year ago

This article, to be considered complete should include the root of the problem, and that's deregulation of OTC markets for the exotic types of securities that lead to this disaster. Commodity Futures Modernization Act of 2000 laid the ground work for this by removing the restraints put in place after the crashes of '29 and '88. Absent proper regulation Wall Street will eat itself until it blows up and drags the entire economy down with it, as we are seeing today.