> All those regulations over credit default swaps AIG was heavily regulated. In fact the insurance was a creation of regulators so they could justify forcing

> All those regulations over credit default swaps AIG was heavily regulated. In fact the insurance was a creation of regulators so they could justify forcing regulated banks to hold MBOs as assets. And then there's Fannie and Freddie - both creatures of regulation. And the bond rating monopoly granted by the SEC.... Regulation is systemic risk.