If you don't think it is coming, in a serious way, then consider this. Today Alan Greenspan, former chairman of the Federal Reserve, former Treasury Secretary John Snow and Securities and Exchange Commission Chairman Christopher Cox testified before the U.S. House Committee on Oversight and Government Reform.
After testimony by the regulators, Committee Chairman Henry Waxman said "The list of mistakes is long and the cost to taxpayers is staggering......Our regulators became enablers rather than enforcers. Their trust in the wisdom of the markets was infinite. The mantra became that government regulation is wrong. The market is infallible."
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