Frank and Earnest

Funny stuff. I think the cartoonist was thinking of Alan Greenspan when this was drawn. I fear that Greenspan's statement implying that the free market did not adequately regulate itself in regard to CDOs might become license for over-regulation. As my University of Delaware Macro professor is fond of saying: The pendulum swings to far in both directions. There was probably too little regulation of the financial industry, but hopefully it does not result in too much regulation on the other side of this crisis.