If no-one significant did anything illegal and yet the result was the financial crisis, then clearly the legal/regulatory framework was/is flawed. The most tro

If no-one significant did anything illegal and yet the result was the financial crisis, then clearly the legal/regulatory framework was/is flawed. The most troubling issue is that there hasn't been any significant adjustments since then. Perhaps not that surprising given the amount of influence the financial industry have in policy making, but still. It's also distressing to see an individual like Larry Summers being nominated as the next Fed Chairman. It seems very little has been learned. For anyone interested in understanding the events that led to the crisis, I can't recommend highly enough: All the Devils Are Here[1]. Of the many books written on the subject, it provides a very objective and thorough account. [1] http://www.amazon.com/All-Devils-Are-Here-Financial/dp/1591843634 http://www.amazon.com/All-Devils-Are-Here-Financial/dp/15918...