Yes, what you are describing is what we are all pissed off about:
Regulatory Capture
Even 2008 was the same. They created synthetic products with AIG, Merrill, Goldman Sachs, Bear Stearns and Lehman that took a very bad housing market and nearly created financial Armageddon so they could make some "bets".
Yes, what you are describing is what we are all pissed off about:
Regulatory Capture
Even 2008 was the same. They created synthetic products with AIG, Merrill, Goldman Sachs, Bear Stearns and Lehman that took a very bad housing market and nearly created financial Armageddon so they could make some "bets".
Regulatory capture, there you go, the term I didnt know, but was looking for. Thanks!