Quote Of The Day : Planet Money Treasury Secretary Henry Paulson, in announcing the mother-of-all-bailouts just now said:
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Quote Of The Day

Treasury Secretary Henry Paulson, in announcing the mother-of-all-bailouts just now said:

"This crisis demonstrates in vivid terms that our financial regulatory structure is sub-optimal"

Sub-optimal?

He did go on to say "duplicative and out-dated."

I do agree its unfair to just blame regulators here. That's like blaming the cops for crime.