Smack everybody.
Posted by turdslinger on December 21st, 2009 at 8:09 pm
Bankers have been irresponsible, and in Canada even sort of admit it.
But there’s this:
In 2005, provincial securities regulators opened the exempt market to smaller players as long as the securities had earned approval from a debt-rating agency. After that decision, the market for those types of securities ballooned from $10 billion to over $30 billion as poorly informed investors bought into the market.
If you give the prisoners knives, the prisoners aren’t the only ones culpable in the bloodshed.
