Today we still employ leveraged secured, collateralized debt in heavy volume. It’s an integral part of our commercial system despite the notoriety it received during the 2008/2009 financial meltdown.
What can make us now believe that more regulation under the Dodd-Frank Act will help prevent any future financial mess from miscalculation? While we are still unsure of the type of loans we are currently permitting?
Besides, we still permit homeowners to have special low down payment deals in our weak economy. All we are building is yet another bubble. (See the Earl J Weinreb NewsHole® comments.)
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