Off-Topic: Banks need regulation

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	Name:	MartiniMan -
	Subject:	Banks need regulation
	Date:	1/22/2010 3:10:59 PM

Bankers have always made bad loans and there is no amount of regulation that will fix that problem and deregulation didn't cause the problem. Most of the deregulation simply allowed banks to do other things that they historically did not do (i.e. brokerage, credit cards, etc.). This was partly a response to other entities getting into banking (Merrill Lynch, etc.).

No regulator is going to sit in with a loan committee and tell them to make this loan and don't make that loan nor do you want them there or commerce will come to a halt. I just can't ever agree that more government regulation is needed and definitely not in banking. What is really needed is for the government to let the markets correct this bad behavior. As long as they always come to the rescue bankers and other big businesses will continue to engage in risky behavior because they know there are no consequences.