Susan Wachter on Securitizations and Deregulation

[IngloriusBastard11]

So we get deregulation and everyone says: "This is going to be the greatest god damn thing since P.T. Barnum brought us the circus." Well look at the airlines, the oil industry and financial services industry.

Letting these bastards regulate themselves was like putting Vampires in charge of the Blood Bank.

[snowtrot]

Great video. Wachter is a genius.

[kaitenuser]

If Bear Sterns was the middle of the crisis, I want to know where the $700 billion bailout was in this mess.