There should be way stronger regulations for Wall Street banks because they are the only ones getting bailed out in the mortgage crisis. wether there is stronger lending practices put in place or they stop overspending, there needs no t some kind of reform. Hopefully these banks can get it together for our countries financial future.
Without bank regulations you get stuff like the housing crisis, which wouldn't have happened, had it not been for our Wall Street banks. I actually think we need smaller banks, rather than these banks that claim they're too large to fail. If they can't fail, then they shouldn't exist in the first place.
The Glass Stiegel act, which was repealed under the Clinton administration, and which separated purely commercial banks from speculative banks is a key regulation that needs to be reinstated. The concept of too big to fail has not been addressed, and the banking system remains highly speculative and subject to bubbles and collapse. Renowned author Thom Hartmann and former TARP inspector General Neil Barovsky, among others, have pointed to the likelihood of a financial collapse in the near future.
Wall St is extremely powerful and in this world very corrupt in this economy of ours. There should be more regulations so there is not such a wide gap betwen the rich and the poor, even though it is not that bad. Wall St should not be as potent as it is.
No, there should not be more regulations for Wall Street banks, because the banks cannot keep up with the ever changing regulations. At first, the banks were told to offer more loans, to people who couldn't really even afford them. Once they did that, they were told they were taking advantage of poor people.