do people understand that regulations are imperative in the financial world?

[T D]

do the people who cry foul, over the regulations obama is putting in place in the markets, understand that we achieved this current financial mess as a result of the elimination of a number of regulations?

i will follow up the responses with another question
robin-----alan greenspans philosophy was to free up the market and trust that people would do the right thing..not exploit the opportunity for personal gain.
ally---your response suggests one person is to blame. if that is the case why did you not blame phil gramm? i choose not to hold one person responsible, because one person could not have done what was done over the course of 9 years to remove all the regulations....if you dont know who phil gramm is.....here's a hint----------

The general co-chairman of John McCain’s presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law that Democrat Barack Obama claimed on Thursday contributed significantly to today’s economic turmoil.

….

According to federal lobbying disclosure records, Gramm lobbied Congress, the Federal Reserve and Treasury Department about banking and mortgage issues in 2005 and 2006.

 

[Ally 2]

And were you complaining when Bill Clinton repealed the financial controls in 1999 that were put in place during the 1930's via the Glass Steagall Act?

It was that move that was the beginning of our current problems? Were you OK with Bill removing those controls? He is a Dem you know.

 

[t2tuatwar]

O M G THAT IS SUCH AN INTERESTING SUBJECT, GOOD LUCK FINDING AN ANSWER!