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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (851674)	4/23/2015 1:38:06 AM
From: Broken_Clock	Respond to of 1578097

And you wonder why its taken so long to come out of the recession.........we are still paying for Bush's lousy governance. slate.com takes two to tango tejek Even your corrupt scammer Clinton admits he had a major hand in it Alan Greenspan, the Federal Reserve chairman, opposed regulation of derivatives as they came to the fore in the 1990s, and Clinton agreed. "They argued that nobody's going to buy these derivatives, we'll do it without transparency, they'll get the information they need," he recalled. "And it turned out to be just wrong; it just wasn't true." He said others share blame, including credit-rating agencies that underestimated the risk. But he accepts responsibility as well. "I very much wish now that I had demanded that we put derivatives under the jurisdiction of the Securities and Exchange Commission and that transparency rules had been observed and that we had done that. That I think is a legitimate criticism of what we didn't do."