[asa] Re: Deregulation Madness was Re: Ben Stein on Sub Prime Mortage Crisis...

From: Lynn Walker <lynn.wlkr@gmail.com>
Date: Mon Dec 08 2008 - 00:43:12 EST

On Sun, Dec 7, 2008 at 10:56 PM, Rich Blinne <rich.blinne@gmail.com> wrote:

>
> ...In defense of Ben Stein, he has learned from some of his mistakes,
> namely that deregulation has been a collosal failure. First some history of
> the deregulation disaster promoted by both parties in the last decade,
> albeit mostly by one.
> The Commodity Futures Modernization Act of 2000 did at least two things.
> It allowed the now infamous credit default swaps to be sold in so-called
> "dark markets" and it also introduced the so-called Enron Loophole. .....
>
For other details - there's this:
http://newsbusters.org/blogs/noel-sheppard/2008/06/20/olbermann-blames-mccain-bipartisan-clinton-signed-enron-loophole

and this:
*How the financial crisis was created
Bloomberg.com*
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0

and this:
*Should Congress Be 'Perp-Walked'?
*
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=307667278225125

Lynn

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Received on Mon Dec 8 00:43:35 2008

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