Quote Originally Posted by Islandborn
So now we need the Feds to be a consumer reviewer? The same Fed that REFUSED to regulate sub-prime mortgages, credit card abuses, reckless commercial real-estate speculation and just about every kind of arcane, non-transparent and speculative banking activity, that has wreaked havoc on the American economy over the last 10 years?
So let me get this straight, your argueing that a lack of regulations caused the economic meltdown THEREFORE we DONT need more regulation?

Or do you contend that those good Republicans have been trying to regulate the banking industry for years but the evil Democrats have been blocking any attempt to requlate them?