What really brought our economy down was the bad mortgages and how they were rated and sold and the derivatives that went along with them which are all highly unregulated areas. All the banks really had to worry about was their reserve requirement which was a ridiculously low number. We gave the banks the TARP money without much oversight and look at what they did.....nothing much other than be willing somewhat to bring the rates down on interbank lending. They don't even really want to say what they did with that money.
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