Personally I think that any regulation that pretends to know better what is good for people than the people themselves is flawed on principle. That's the whole

Personally I think that any regulation that pretends to know better what is good for people than the people themselves is flawed on principle. That's the whole problem - banks, lenders, lendees, BP - they don't know what's best for themselves. And because our system has been specifically deregulated, these schemers were able to completely game the system.