Regulation and deregulation: how we got into this mess and how to get out

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Regulation and deregulation: how we got into this mess and how to get out

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1almigwin
Sep 15, 2008, 2:56am

The repeal of Glass-Steagall, the lowering of capital requirements for various financial entities, - the selling of packaged loans to entities unfamiliar with the properties or the debtors, the short selling of hedge funds, the non-underwriting of mortgages (given to people without jobs, down payments or credit called no documentation loans), among other changes in our financial behavior have gotten us into this meltdown with no end in sight.

Does anyone have recommendations for solving the current liquidity problems in the system?

Who should regulate?

Who should be regulated? How do we keep the foreclosure spiral from continuing to destroy communities?

Is the Fed behaving rationally? Is the Treasury? The SEC?

2quartzite
Sep 15, 2008, 11:19am

Hhmm is it really a liquidity problem or is it a solvency problem. I would argue the latter.

3almigwin
Sep 15, 2008, 11:40am

You may be right that it is a solvency problem because of excess leveraging. The question still is, how do we change the system to strengthen it.

4Adaptive_Agent
Oct 21, 2008, 10:20am

Some discussion elsewhere on LT.

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