They were regulated. However, under Bush (your buddy), the Free Market guys took over (ROFL), and kind of deregulated it. You know, turned their heads a bit. lol. Listen, give it up. Your ideas had their chance, and turned out to be totally worthless. I could have told you so, but you wouldn't listen anyhow. The same thing has happened throughout history, which is why government regulation evolved. But every once in a while, a know nothing like Bush (who admits he never reads anything about anything), gets into office, and the Wolves go out and play. I would think you would be ashamed to even bring this whole sordid mess up, since you were certainly part of it, but I guess some have no shame.