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That problem is that market participants
Strengthening regulatory restraints on risk-taking
we must realign the incentives of financial market participants.
commitment on the part of policymakers and regulators
Let’s be clear about the problem we are trying to solve.
Comment:
Its all bkla bla bla. Liar liar pants on fire. They left our the bottom line reason. Low paid high debt Joe Sixpack took down the whole damn system when they got too late on payments. The banks are part of the gov’t.
The gov’t/banks to keep real estate and the banks afloat, told the banks to lend money to people that are poor, have no savings accounts for down payments, also to give do doc liar loans to immigrants because they don’t show, and can’t prove income, but have income.
And lets not forget 9/11. That stunt caused Greenspan to DROP RATES, propel, or light fire to the retail and real estate boom to over ride the negative effects of 9/11.
Do not believe at face value anything those guys say.