Excessive regulation doesn’t help if your law doesn’t have teeth. Plenty on laws on the books in the US, but I don’t see enough people prosecuted for 2008.
And then the incentives are all wrong if you bail your buddies out anyway. Play with fire and the fed will bail you out is terrible.
And then the incentives are all wrong if you bail your buddies out anyway. Play with fire and the fed will bail you out is terrible.