If you are referring to Glass-Steagal, I agree.

>And just so people can stop lots of finger pointing, the president who signed into law the bill making this all possble was Bill Clinton.
>
>>PMFJI, In a single word "Greed".
>>
>>Many home buyers wanted more home than they could really afford. As a builder friend commented "We're building homes anymore, we're building mini-mansions.
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>>Realtors steered people to higher priced homes because their comission is based on price. We bought a new house in 2003. The realtor could not believe that we wanted to buy a house near the bottom end of our market. He kept saying, "You guys can afford twice the house, it's a great investment".
>>
>>Mortage brokers/banks were willing to sell any kind of loans to anyone. The brokers got their fees up-front, then sold the mortgages.
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>>Fannie/Freddy/Banks packaged the mortgages into bonds and sold them to investors. F/F/B collected their fees and, again, passed the risk to the bond purchasers.
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>>Bond purchasers took a chance on MBSs because they offered a higher interest rate than any other "safe" bonds during that time.
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>>It was basically good old capitalism.
>>
>>Just my $0.02