To regulate or not to regulate?…that is the queston. One side of this economic crisis says there were not enough regulations in place to keep this greed-fed fiasco from blowing up. The other side says little known regulations, starting as far back as 1977, pushed for more subprime lending. The CRA (Community Reinvestment Act) actually required a certain level of this dangerous lending. So their argument is that too many poorly designed regulations caused this mess.
Thoughts on this or other issues?