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I have heard it too many times from the conservatives that Wall Street is not the source of the problem and Washington was. Both were! What you are saying is just like blaming the cookie jar when a kid grabs a cookie from it when he's not supposed to. Also you are letting Wall Street off with 'the devil made me do it' excuse!<br> I agree, the government promoting home ownership through economic engineering is a BAD idea! But these 'captains of the universe' knew well these were toxic assets from the get-go, but made a quick profit from these risky investments because they knew someone else was going to be left without a chair when the music stopped, or the TAXPAYER was going to be forced to write them a welfare check.<br> Do we need more regulation? NO. Failure is the most effective regulator in a free-market system, but the Wall Street wusses go hat-in-hand to DC when the investments turn sour. Also we need to go after the fraud in both the government and the private sector. Twenty-five year minimum for each count ought to do it!
By Michael

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