REGULATIONS and oversight are the solutions being called for to fix our financial system and the problems of disastrous runaway capitalism.

But was it capitalism and the profit motive that led us to bank collapses due to failed sub-prime loans? Or was it the government's encouragement of everyone in America to own a home and the subsequent granting of excellent investment rating to bundled subprime loans that really caused this meltdown?

Tom Childers

Malvern