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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Broken_Clock who wrote (166177)11/21/2008 6:22:19 PM
From: energyplayRead Replies (1) of 306849
 
T. G. was in the New York Fed, the leverage limts decision was made by the SEC.

Exemption of credit default swaps from commodity, banking, insurance, and gambling laws was done by Congress.

When much of the sub prime problem was building ,Fannie and Freddie were regulated by the office of thrift supervision, then OFEO, which was under the department of Housing and Urban Development.

So if you wanted ot play fast and loose, you could find a regulator to accomodate your wish.

I'm sure we will see a complete review of everyhting he did.
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