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To: DMaA who wrote (486324)5/8/2012 10:34:11 PM
From: Stan1 Recommendation  Read Replies (2) | Respond to of 793914
 
The deregulation I am referring to was when President Clinton signed the Financial Services Modernization Act in 1999. It was a massive move welcomed by both Republicans and Democrats. Before that, banks were barred from other financial services such as insurance and securities trading by the Glass-Stegall Act of 1933.



To: DMaA who wrote (486324)5/9/2012 12:17:45 AM
From: Little Joe  Respond to of 793914
 
I read an article relating to Lehman Brothers and learned that the SEC actually had people on site. By that I mean when they went to work every day, they went to Lehman. They were reviewing the same documents as Lehman was. What conclusion are we to draw from this? Remember Lehman was fudging the books during this time.

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