Clinton and Wall Street sycophants celebrate the end of Glass-Steagall.
- A 1998 analysis of the role of Gingrich, Boehner, Rubin & Summers in the repeal of Glass-Steagall...
It's a pdf so it can't be embedded here. More inside.
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Clinton - Rubin and Summers gave me lousy advice on derivatives
“I think they were wrong and I think I was wrong to take” their advice, Clinton said on ABC’s “This Week” program.
Their argument was that derivatives didn’t need transparency because they were “expensive and sophisticated and only a handful of people will buy them and they don’t need any extra protection,” Clinton said. “The flaw in that argument was that first of all, sometimes people with a lot of money make stupid decisions and make it without transparency.”
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