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Comment by on 13 October 2009 at 9:26 am:
You are right to point out the bad actions of many banks. They have gone from too big to fail and now they are too big to regulate.
Sad to say they got a lot of money on a failure model. The hopes would be people would fail to pay credit cards on time, fail to pay mortgages because they covered their bets with financial instruments and all in all got great government money (1%) and loan it out sparingly.
Mike Protack
You see, eventually a Republican even gets it. I hope MP has the money to run this year. I am pretty sure that as a Republican in Delaware that wants to regulate banks, you would get tons of donations.