Are You Getting Rid of the Real Financial Geniuses?

"The regulators are always going to be playing a losing catch up game with the real financial geniuses and innovators," he says. "There were many factors that went into that catastrophe, and some of them weren't so simple as you might think." The housing crisis was caused by banks taking on even more risky mortgages because they believed they could now discount the risk. 'No one saw that coming'