Actually, agur ...
Goldman was selling packaged loans, well (like for quite some time) before the reform act of '99.
AIG did not fall under banking regulations.
They were selling "insurance" just like Enron made a market in weather hedging.
Stuff had been around since the third year of William Jefferson Clownton's first term.
Sorry, but the reform act had nothing to do with the packaging or "insuring".
I do agree with you about politicians.
Take them, and public union members (one and all) and have them publicly horsewhipped, dragged through the streets, hung and drawn and quartered.
You'll get no argument from me, on that one.