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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (97939)	5/26/2009 11:50:11 AM
From: ajtj99	Read Replies (2) \| Respond to of 116555

I was running out of time. I kind of even thought to put Donaldson in there, as I think he presided over the decision to increase leverage to 30:1 from 12:1 at the investment banks. In edit, the main point was to illustrate folks who had a hand in doing the most damage - Repealing Glass Steagall Increasing leverage to 30:1 at brokerages Keeping interest rates artificially low Marginalizing Brooksley Born and passing the Commodities and Futures Modernization Act (I think that's what it's called) Introducing TARP and it's bailout children.