The President's response to the stock market crash of 2008 is not enough. Governmental agencies need to have tighter controls over commercial and investment banks (and their interactions). Shadow banking needs significantly tighter controls. SEC, CFTC, etc. need to regularly oversee traders and bankers to keep them under control. In money-making enterprise, one should assume conflicts of interest exists and are being exploited. One should not wait for proof of such existence because at that point, it's far too late. The banks and insurance companies need to be separated further. All banking entities need to have a vested interest in their own survival (e.g. no excessive leveraging, etc.). Without further regulation (which worked for more than 50 years), this is a ticking time bomb.



