• John Gilbert

    I disagree – the people in charge of the financial institutions that knowingly allowed the kind of risky repackaging of sub-prime loans to occur and that allowed sub-prime lending to occur should be personally accountable for those bad decisions and poor management. If existing law allows to much diffusion of responsibility then it should be changed. The concentration of too much financial activity in a very few institutions is another risk. Either they need to be rendered smaller or their needs to be personal liability assigned to their leadership for their failures. If something is too big to fail, then it should be made smaller to diversify the risk to the general economy and subjected to tighter independent monitoring of its activity.