tag:blogger.com,1999:blog-8882755817797548699.post1962016474346020362..comments2023-06-20T04:59:03.421-07:00Comments on Ask 'But Why?': Banks defrauded themselvesMitesh Damaniahttp://www.blogger.com/profile/08105826492525999039noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8882755817797548699.post-75542669816436187152009-05-09T05:54:00.000-07:002009-05-09T05:54:00.000-07:00People say that if we had more regulation this nev...People say that if we had more regulation this never would have happened. The financial industry is the most regulated industry behind power, yet Bernie Maddoff was able to pull of his huge scheme. The whole system is flawed, so more regulations on a rigged/ponzi scheme system won't help anything. What we really need restoration of sound money and an end to partial reserve banking. This NEVER would have happened with sound money and no partial reserve banking.DaMartyrhttp://www.myspace.com/akellnernoreply@blogger.com