mmmm... I am not sure I was clear -- I was saying that too much regulation has a tendency to stifle competition which is bad. There should of course be some -- we don't believe in an anarchistic system. But those regulations should prevent harm, not only limit freedom.

Also, I think there is plenty of evidence to indicate that those on wall street did not believe the party would go on forever and actually bet against their own systems once they knew the party was over, but before everyone else did. And by safety net, I meant promoting or allowing the idea that some entities are "too big to fail" and that the government will step in and save banks/other entities if they mess up too badly.