Originally posted by Halyanne
Thanks. I just feel that these companies should have done way more to make sure this didn't happen.
One cannot blame these companies but the lack regulation. If it was not allowed to give away money to insolvent customers, then this wouldn't have happened.

Personally what upsets me is that politicians sell the idea of a liberal market, so liberal that it does not have the necessary regulation to control crazy transactions. While companies are getting profits, everything works fine. When troubles arise, the State covers. Are we socialists in recession and capitalists in growing times? Share debts but not profits?

Of course the government has to pay off if we do not want the financial system to collapse. My point is: more regulation is needed in the first place.