Enough with the laissez faire crap.

[deminks]

We know some of the perps:

http://www.wired.com/techbiz/it/magazine/17-03/wp_quant

Recipe for Disaster: The Formula That Killed Wall Street

Joe Cassano: The Man Who Brought Down AIG?

http://voices.washingtonpost.com/livecoverage/2008/10/joe_cassano_the_man_who_brough.html



We know the some of the weapons:


CDS

http://en.wikipedia.org/wiki/Credit_default_swap

The formula

http://www.wired.com/techbiz/it/magazine/17-03/wp_quant

CDO

http://en.wikipedia.org/wiki/Collateralized_debt_obligation


We know the motive

"Wall Street got Drunk"

http://briefingroom.thehill.com/2008/07/22/bush-on-economy-wall-street-got-drunk/

Now, I want:

1. Regulations on Wall Street, banks, derivatives, etc.
2. Indictments

or:

1. Indictments
2. Regulations

Take your pick, but do it now.

Cut the crap on the bonuses, and letting the market police itself.

[TBF]

1. Why don't we cut the crap period?

Indictments, regulations, regulations, indictments, do you really think that will end it? They'll just find a way around and start anew.