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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (56110)	8/23/2011 10:43:25 PM
From: joefromspringfield	2 Recommendations Read Replies (1) \| Respond to of 103300

"And the massive LEVERAGE of financial players (global banks, hedge funds, etc.) levered-up by totally unregulated "instruments of financial mass destruction" like Credit Default Swaps and C.M.O.s based on nothing but INDEXES (with no recourse to underlying mortgages at all) is what turned a common cold into pneumonia." Good point. The reason they were unregulated was the commodity futures modernization act of 2000 signed by president Clinton. en.wikipedia.org