In fact, loose financial regulation began in the christian louboutin arielle a talon stone pattern tall boots blue1980s and 1990s, when financial liberalization and its mixed beginning to the country. First full-scale invasion of Wall Street bankers the power system, including having served as Secretary of the Treasury Robert Rubin, former CEO of Goldman Sachs, etc.; then began to merge financial institutions, adopted in 1999,christian louboutin arielle a talon stone pattern tall boots red "Graeme - Ridge - Bili Lei Act" not only completely abolished, "Stephen Eagle Act "the relevant provisions, but also in law to eliminate banking, securities and insurance agency business boundaries, so that the end of the United States for nearly 70 years of financial sub-sector history.The result is catastrophic nature,christian louboutin armadillo pleated leather ankle boots black whether it is the traditional commercial bank JP Morgan Chase or allies that insurers can engage in high-risk investment. In 2008, with the surge in U.S. mortgage defaults, financial institutions hold large amounts christian louboutin armony ankle boots with removable cuff blackof subordinated debt into a credit crisis and huge loss, followed by Lehman bankruptcy, the "two room" was taken over by huge government assistance such as Citigroup and JP Morgan on Wall Street Bank has become a natural thing.Unacceptable, the government bailout of Wall Street christian louboutin astraqueen ankle boots blackmoney from the taxpayers, but Wall Street not only failed to include the money back to the community, but they invest in high-risk business. First quarter of 2010, Goldman Sachs net profit surge 50%. Nearly $ 12.8 billion
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