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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (105263)	3/1/2009 7:56:32 PM
From: Dale Baker	Read Replies (2) \| Respond to of 540990

Since credit default swaps were allowed to mushroom into the trillions without control, you can start to guess. And complex mortgage-backed securities also went out the door with no oversight on the phony agency ratings or the phony mortgage documentation underpinning the whole thing. As far as looking for a fresh start, I would start with those fundamental three lightly- or non-regulated problems. And we can revisit the repeal of Glass-Steagall that made much of the chaos possible as number 4. Madoff could have been stopped under current laws. The rest of it? Nope.