that is all you got?
dude you are not as well informed as you claim.
Your a good guy though and I respect you.
please dont pretend these facts are not solid
I'm sure the facts are fine, but financial market bubbles do not arise because of lack of salesmen licensing. There have been many bubbles around the world over the past 100 years, and if you understand them, you realize common characteristics. Lack of salesmen licensing is not one of them. There were several bubbles around the world in housing in the 00s where there were no changes in licensing. Nor should one think that licensing would be a cause given the nature of bubbles. Nor would history confirm your thesis as this country, and many other countries, have a history of differing regulatory regimes, and licensing has had no effect one way or another.
cause --> effect
cause = global housing bubble
effect =/= licensing of brokers in the US