Self-regulation????

The idea that self-regulation would temper greed is preposterous. The SEC's 2004 ruling allowed the investment banks to use their own computer models to determine their own capital requirements. That's tantamount to individuals being allowed to set their own credit limits based upon what they think they should be allowed to borrow. 

The bailout of the Wall St. investment banks is the biggest hoax ever perpetrated upon us. It allowed the people that we have "bailed out" this week to take over $36 BILLION in bonuses last year. We paid them to create the biggest ponzi scheme ever.