[ionised]

> The fact that banks lent out too much money had no impact on consumer deposits, thanks to oversight.

I like how you're trying to make like the financial crash was no big deal because this 'oversight' worked in this narrow context.

I wonder if you'd claim that the banks lending out too much money didn't have absolutely catastrophic effects on the economy in general and by association, millions of people's livelihoods around the globe.

[sp332]

That sounds like an argument for more regulation, not less. If there were less regulation, all that stuff would have happened and depositors would have lost their money.

[ionised]

I agree. I'm a big fan of heavy regulation, especially for industries that can, and frequently do, ruin millions of lives with their avarice.