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Sub Prime Mortgages in the US are double the volume in the last year

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rosencrentz

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Pretty scary how soon the US short term memory seems to have failed the country.
There are no new regulations in the US because they believe in self regulation! lol


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grumpyrom

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I thought that all forms of government regulation/intervention in the free market are evil and should be avoided at all costs. Isn't the best solution always deregulation and allowing the invisible hand of the free market to work it's magic free of evil government regulations?

Isn't that what happened in the US?

rosencrentz

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It caused the decline and bankruptcy (moral and financial) of the U.S.


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