Paulson agrees more regulation is needed

http://www.nytimes.com/2010/05/07/business/07bailout.html?src=busln

“I saw immediately the huge gaping holes in the regulatory system" Good thing he spoke up.....Remember when he went on 60 Minutes to blow the whistle on the lack of regulation......Oh wait, that never happened.

“Most of the toothpaste was out of the tube and there really wasn’t the proper regulator apparatus to deal with it.” Good thing he spoke up......Remember when he went before Congress and asked for more regulation......Oh wait that never happened either.

The good news is everyone is beginning to sound like a broken record. Everyone calling for more regulation and Nobody calling for less.. How the tune changed once all the cards fell.

Yes once the house burned to the ground these geniuses all suggest maybe a smoke detector would be a good idea. If only they had such foresight in 1999.

Eh.....The markets can regulate themselves. They are all adults.......

Sorta like Eh....Offshore drilling is safe. Let em drill baby drill.

Everyone has to learn everything the hard way. Having foresight is lost concept with these people.