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<p>deregulation had absolutely nothing to do with it. Please grow up.</p>
<p>When you have a problem, there tends to be a chain of events that leads to said problem. Eventually after each link it gets worse and worse and worse. But in the chain you need to ask where the problem started. Instead of going from our current problem and going 1 link at a time back to the root trying to solve the problem, we should skip it all and just go to the root where the problem originated. </p>
<p>When we go to the root, it was to much regulation of the financial sector, this is the root of our problems. The root of our problems come from a fiat currency with endless amounts of credit. </p>
<p>Now there seems to be a consensus in America that regulation is there to only stop bad things from happening. This is not true, at all. regulation can be a wide array of things. When the Government created Fannie Mae in 1938 and Freddie Mac in 1970 that is government regulation, as its regulates a given sector. When they created Ginnie, that again is more regulation on the financial sector for debt backing.</p>
<p>As Mr. Obama said many times in his speech “Not All regulation is bad”, well to be honest he doesn’t have a clue of what he speaks. The majority of regulation is bad, and once we get out of the collective mentality, and realize that people are smart and not dumb, we will have a lot less problems.</p>
<p>we need to go to the root of our problem and fix our fiat currency and the only way to do that is a hands off approach.</p>
<p>[Commentary:</a> Bankruptcy, not bailout, is the right answer - CNN.com](<a href=“http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html]Commentary:”>Commentary: Bankruptcy, not bailout, is the right answer - CNN.com)</p>