By MarketWatch
Last update: 12:05 p.m. EDT March 13,

WASHINGTON (MarketWatch) -- You know things are very very bad on Wall Street
when a guy like Henry Paulson -- Treasury secretary, solid Republican, and
former Goldman Sachs CEO -- joins the crowd calling for more regulation over
the financial markets.
Paulson spared no one in his criticism Thursday of the excesses of
deregulation that has now created the worst global financial crisis in a
generation, threatening the health of the U.S. economy, the savings of
millions of Americans, and the survival of some of the biggest financial
institutions in the world. See full story.
Wall Street and Washington both failed big time, he said. Wall Street
invented new ways to make money by selling securities so complicated that no
one could really follow which shell the pea was under. Fortunes were made on
the paper Wall Street sold.
At the same time, Washington's watchdogs were dozing, tranquilized by the
false assurance that Wall Street would police its own.
Read more:
http://www.marketwatch.com/news/story/paulsons-lament-deregulation-ha...

Did he also mention Reagan? Because I blame him for hoodwinking the American
people on the myth of deregulation.

About 90% belongs with Reagan. I'd like to periodically imagine the parallel
Americas that would have emerged if republicans had gotten their way and
deregulated everything as Reagan and others wished. Then I like to think of
the one where Reagan never got elected...because his ideas were so stupid.

How could people who supposedly love the flag so much be so hateful towards
the government (made up of our own citizens)?

My question on taxes has always been: If cutting taxes helps the economy so
much and we get so much more revenue by cutting taxes why not eliminate
taxes all together?.....think how much more revenue we would generate! It's
like losing money on a product you are selling but making it up by selling
more.