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This is the part where, in a just world, you would see George W. Bush and Alan Greenspan being frog-marched out to the Washington Mall to be publicly executed on the lawn in front of the Capitol, watched live by a world-wide television audience. It was more Alan Greenspan who gutted banking regulations under an ideologically driven belief, which he apparently took from the writings of Ayn Rand, that given total freedom, the market would ensure that bad things never happened. It was George W. Bush's administration that removed banks from control of state regulators and placed them under the Office of the Comptroller of the Currency, an agency whose main job was the approval of the location of banking branches.
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This is your "read the whole thing" post for the day.
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