Okay okay
At any rate CB follies deserve a look see and re cap
Even though
I'm not " into " reforming Wall Street
I come to slay Wall Street not to feed it
For me
This by brad is sufficient insight
"The root problem of 2008 was a failure to recognize that the highly leveraged money center banks had used derivatives not to distribute subprime mortgage risk to the broad risk bearing capacity of the market as a whole but, rather, to concentrate it in themselves."
Now step two
Why did they do this and why might they do something similar again
Brad wants
the regulators to blow their whistles pre emptively ...next time
But brad
These umps have no clout
On the field of play
If Wall Street doesn't like a call
The umps get ignored or by passed
It's like fan based umpiring
No impact
The big banks stay at the plate till they get a hit
