Derivatives & Mergers
Look em up. Derivatives, unregulated because the Republicans don't believe in regulation. Banks too big to fail because Republicans don't believe in regulating those either. Huge banks had to invent new ways of doing business to look like growth companies so their executives could justify outrageous pay packages. Bond ratings worthless because private industry was trusted to provide them. Greed, self delusion, and a blind eye to the history of unregulated business.
Regards,
Mark
