The glass-steagall act which was repealed in the late 90s and which many people point to as the key piece of deregulation that kicked off the housing bubble?
Yeah, they are definitely on the straight and narrow, I will tell you that much. And that is the reason we know that our regulatory system is beyond broken. Goldman probably put up the loan for the deal and maneuvered it all into place, because naturally their advisory services are in synergy with their other products.
